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Coface CEE Top 500 Ranking 2024: Automotive and transport industry (90 largest firms, +18 y/y) in Central and Eastern European region (Bulgaria, Croatia, Czechia, Estonia, Hungary, Latvia, Lithuania, Poland, Romania, Serbia, Slovakia, Slovenia) increased turnover by 16.8% to EUR 193 billion in 2023 (2022: EUR 165 billion), but number of employees decreased by 0.3% to 405,600. Largest companies in sector include Škoda Auto (EUR 23.45 billion, +31%; 34,884 people, -1%), Volkswagen Slovakia (EUR 11.76 billion, +21%; 10,566, -3%), Audi Hungaria (EUR 9.1 billion, +8%; 12,766, -1%), Kia Slovakia (EUR 8.01 billion, +19%; 3,607, +1%), Hyundai Motor Manufacturing Czech (EUR 7.64 billion, +13%; 2,852, +5%), Volkswagen Poznań (EUR 5.74 billion, +14%; 9,824, +4%), Automobile-Dacia/Renault (EUR 5.23 billion, +1%; 11,457, -6%), Mercedes-Benz Manufacturing Hungary (EUR 5.08 billion, +28%; 4,765, -1%), Toyota Central Europe (EUR 4.94 billion, +30%; 107, -4 %), Volkswagen Group Polska (EUR 4.93 billion, +35%; 644, +4%), FCA Poland/Stellantis (EUR 3.54 billion, +33%; 2,326, +5%), MAN Trucks Sp. z o.o. (EUR 3.41 billion, +68%; 2,245, +48%), PCA Slovakia (EUR 3.28 billion, -10%; 3,072, -13%), Toyota Motor Manufacturing Czech Republic (EUR 2.98 billion, -5%; 3,228, -9%), Magyar Suzuki (EUR 2.87 billion, +34%; 2,937, +3%), Continental Barum (EUR 2.85 billion, +0%; 4,374, +1%), Ford Otosan Romania (EUR 2.75 billion, -2%; 5,581, +0%), Mercedes-Benz Manufacturing Poland (EUR 2.62 billion, +24%; 1,384, +4%), PKP Polskie Linie Kolejowe (EUR 2.59 billion, +17%; 41,415, -1%), Mobis Automotive Czech (EUR 2.53 billion, +35%; 1,485, +16%), Polskie Linie Lotnicze LOT (EUR 2.33 billion, +22%; 1,240, -3%), Mercedes-Benz Polska (EUR 2.09 billion, +21%; 158, +0%), Mobis Slovakia (EUR 1.98 billion, +10%; 2,136, -0%), Continental Automotive Czech Republic (EUR 1.89 billion, +2%; 5,042, -17%), Volkswagen Motor Polska (EUR 1.88 billion, +33%; 1,254, +2%), BMW Vertriebs GmbH Sp. z o.o. Oddział w Polsce (EUR 1.67 billion, +14%; 74, -4%), Robert Bosch SRL (EUR 1.64 billion, +16%; 5,875, +13%) and other firms of Volvo, Scania/Traton, Porsche/Volkswagen, Iveco/CNH, Solaris/CAF, Michelin, Autoliv, ZF, Tigar Tyres, Motherson, Valeo, Sungwoo, Schaeffler, BorgWarner, Faurecia/Forvia, Pirelli, Auto Partner, Hankook, Lear, Brembo, Adient, Denso, České dráhy, PKP Intercity, Raben, DPP, Amazon, Arcturus, Havi, Tallink, Wielton, Plichta, Waberer’s groups. High labour costs encourage businesses to be more open to automatization, robotization and higher productivity levels that come with this, Coface said

November 25, 2024 | 11:34am CETflash
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Changes

Louwman plans sales growth of Toyota cars by 25% in Czech Rep in 2009

September 24, 2009 | 01:07am CEToriginal
The company has opened its second Toyota showroom in the Czech Republic - in Usti nad Labem this year. In 2009, Louwman Motor Praha plans to sell...
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Chinese carmaker Geely offered help in Opel share purchase to Magna

September 24, 2009 | 12:58am CEToriginal
Magna and Geely have reportedly started negotiations, but the Canadian automotive supplier...
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Volkswagen might agree on share purchase in Suzuki this year already

September 24, 2009 | 12:48am CEToriginal
This is a condition for the cooperation establishment. Suzuki would get access to various Volkswagen’s technologies, while Volkswagen...
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Mazda has new financial and marketing directors in Czech Rep and Slovakia

September 22, 2009 | 11:44pm CEToriginal
Thomas Egan and Martin Bucek left the Prague-based office, being at Mazda since the establishment of direct importer representation. Their posts have been taken by...
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AAA Auto continues to sell real estates, now in Brno, Kladno and Tabor

September 22, 2009 | 08:57pm CEToriginal
For sale are useless land and showrooms as well as the used car centres’ business premises, which the company intends to re-hire...
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Robert Bosch to call off 10,000 jobs in 2009, part-time job waiting for 100,000 employees

September 22, 2009 | 06:20pm CEToriginal
The company expects revenues’ drop by 15% in 2009. Bosch sees the first signs of recovery, but the return to pre-crisis levels might occur in...
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FRANKFURT: Lotus prepares to enter Czech market, having no interest in Slovakia now

September 21, 2009 | 10:35pm CEToriginal
British manufacturer of sports cars negotiates the representation with two partners in the Czech Republic. Decision on a new dealership in Prague will be made...
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Louwman to begin sale of Ford cars, buying dealership in Czech Rep

September 21, 2009 | 09:41pm CEToriginal
This is the company’s first activity regarding the Ford brand in Europe. Apart from brands Toyota and Lexus, Louwman intends to expand in the Czech Republic concerning the sales of Ford cars...
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Skoda dealer network in Czech Rep gets into troubles; sales falling faster than number of showrooms

September 21, 2009 | 08:41pm CEToriginal
Dealers are competing more than in the past; however the number of Skoda sales outlets in the Czech Republic fell in more than a year and half to...
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Car sales in Europe rose by 3% in August

September 21, 2009 | 06:09pm CEToriginal
It kept growing after 2.8% in July. It has been mainly caused by the scrap bonus, however, the situation is different in each country...
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IIR holding special conference Auto 2009 in Prague in early October

September 20, 2009 | 09:19pm CEToriginal
The eighth year of this event subtitled "The prosperity of the Automotive Industry at Risk?“. The conference will be attended by...
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Magna may excess up to 10,500 jobs at Opel plants in Europe, including 4,500 in Germany

September 20, 2009 | 04:47pm CEToriginal
Opel is then planning to invest EUR 170 million in Russia. However, it has been previously talked about a sum...
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New decree provides series of changes for motorists since mid-September, another in 2011

September 20, 2009 | 01:46pm CEToriginal
Vehicles under 3.5 tonnes may now have only a tire repair kit instead of a spare wheel. Passenger cars converted to light commercial vehicles...
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Louwman opened new Toyota showroom in Prague 13 - Zlicin

September 18, 2009 | 07:37pm CEToriginal
It is a second Toyota showroom of the company Louwman in the Czech Republic, the other one is in Usti nad Labem. Part of the new showroom is also a used car centre and...
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State holding Russian Technologies might include Opel share of Sberbank

September 18, 2009 | 07:16pm CEToriginal
Furthermore, there should be state-owned shares in the Russian carmakers AvoVAZ and Kamaz. AvtoVAZ will release 5% of employees, from mid-December, however...
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Volkswagen plans to invest EUR 4 billion in China by 2011, mainly to production capacities’ increase

September 18, 2009 | 01:47pm CEToriginal
It is therefore trying to keep up with the rapid growth of the local market. Volkswagen will be probably able to double sales in China earlier than in...
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FRANKFURT: Plug-in hybrid manufacturer Fisker to enter Czech Rep in autumn, and Slovakia soon

September 17, 2009 | 11:51pm CEToriginal
The official representation will be announced in the second half of October. Czech partner of the new American carmaker will be...
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Avia plans to enter light commercial vehicles’ segment weighing from 1.5 to 6 tons

September 17, 2009 | 11:15pm CEToriginal
It is now manufacturing trucks from 6 to 12 tons. Although the economic crisis is now putting the intention off, Avia seeks a partner for this project...
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Srba Servis became authorized Seat dealer

September 17, 2009 | 10:47pm CEToriginal
The company has extended its portfolio of offered brands including Saab, Opel, Chevrolet, Fiat, Alfa Romeo and Volvo. New Seat showroom has been opened by Srba Servis in...
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SAP: Revenues of carmakers and suppliers to decrease by 5% to 10% in Czech Rep in 2009

September 17, 2009 | 05:36pm CEToriginal
Companies in the automotive industry have released 15% of employees for the last year’s time. They are now calling for the scrap bonus introduction, which might be even on commercial vehicles…
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Hyundai/Kia to enrol more staff than originally planned in Korea in H2

September 17, 2009 | 04:03pm CEToriginal
It will be 3,300 people, which is compared to the original plans by one-third more. Most of the new employees should work on research and development...
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Chrysler ended alliance with Hyundai and Mitsubishi for engines’ production in USA

September 17, 2009 | 02:43pm CEToriginal
US carmaker has therefore cancelled another partnership after the Italian carmaker Fiat has acquired its 20% stake. Carmakers Hyundai and Mitsubishi sold their shares...
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Sales of passenger cars and light commercial vehicles in Slovakia rose by 5% in August

September 17, 2009 | 12:29pm CEToriginal
For the first eight months, sales rose by 3.5% y/y. Brands performing the best were...
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Cooperation of Credium and Fiat Group in car financing field spread to Slovakia

September 16, 2009 | 10:33pm CEToriginal
The exclusive cooperation has been running in the Czech Republic since 2007. Financing of vehicles Fiat, Alfa Romeo and Lancia is successful on the Czech market; penetration reaches...
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AuTec gradually transforming to Invelt, Pavel Bastar took leading in August

September 14, 2009 | 10:18pm CEToriginal
The company has already ceased the sale of Nissan cars and closed a BMW showroom in Letna, Prague 7. Rebranding will be completed in...
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