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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

LMC Automotive, Ford, AutoNation: US car market reached its peak

August 4, 2016 | 11:25pm CEToriginal
According to estimates, it should stagnate or fall slightly in the years 2016-2017. Call on automakers to reduce production, sales in July...
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FCA allegedly considering selling Magneti Marelli or its part

August 3, 2016 | 11:55pm CEToriginal
The reason is interest of investors, industrial and technology companies. Affected entities and their reactions, possible price, activities in Central Europe...
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Mercedes-Benz Vans made changes in fleet department in Czech Rep

August 3, 2016 | 11:40pm CEToriginal
One manager is going to retire, causing rotation within the company and changes in the division of responsibilities. Details, van sales in H1...
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Long-time manager left Czech representation of Ford

August 2, 2016 | 11:33pm CEToriginal
That has implied a rotation within the company and changes in the organizational structure, including the creation of a new position in management. Details…
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Auto Esa to open first pure buy-back branch

August 2, 2016 | 12:01am CEToriginal
Location, size of the facility, services, HR, business plan...
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Czech transport organizations to renew car fleets

August 1, 2016 | 11:44pm CEToriginal
Details of the tender, the number of vehicles, the estimated value of the contract, including service contracts, the timing, the option, the entities concerned...
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Daimler to build second plant in Hungary

July 31, 2016 | 11:25pm CEToriginal
Location, amount of investment, HR, products, capacity, timing, incentives, plan for increasing the portfolio to more than 40 models...
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Czech Rep announced tender for new operator of vehicle register

July 28, 2016 | 02:33am CEToriginal
The parameters of the contract, taking into consideration of the objections of the antimonopoly office in the specifications of the new tender, timing, fine for the Ministry of Transport for past mistakes...
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BMW Group recorded series of personnel changes in Czech Rep

July 27, 2016 | 12:01am CEToriginal
These relate to several brands and departments. The company solved some of the personnel changes through rotation. Affected managers and their careers, timing...
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One manager left Czech branch of Volkswagen Financial Services

July 26, 2016 | 11:44pm CEToriginal
His responsibilities have been taken over by a longtime manager of this leasing company. Details…
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Tesla wants to expand into commercial vehicles, car sharing and solar systems

July 26, 2016 | 12:01am CEToriginal
Planned models of cars, trucks and buses, car sharing of self-driving cars of clients, own carsharing service, solar roofs with an integrated battery...
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Raiffeisen-Leasing expanded sales network in Czech Rep

July 25, 2016 | 11:42pm CEToriginal
The leasing company started cooperation with a new partner. Its profile and focus, Raiffeisen-Leasing goal until 2018...
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Hyundai hired former Allianz manager to strengthen marketing in Europe

July 22, 2016 | 03:15am CEToriginal
He will be answerable to Jochen Sengpiehl, Marketing Head of Hyundai Motor Europe. The manager and his career...
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Samsung leads talks on BYD Auto share purchase

July 21, 2016 | 04:59pm CEToriginal
Alleged amount of share, the issue of new shares of the Chinese EV maker, the Samsung expansion in the automotive industry since 2015...
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Czech insurance organizations uniting structure and management

July 20, 2016 | 11:57pm CEToriginal
Several managers and specialists will hold offices in the Czech Insurance Association and the Czech Insurers' Bureau. Details of changes, the model application from abroad...
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Carzada gained confidence of Czech investors as well

July 20, 2016 | 12:01am CEToriginal
The profile of this platform for online sales of quality used cars, business results in the first country – Germany, partners...
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Indian court: Only diesel cars younger than 10 years may be operated in capital city

July 18, 2016 | 11:49pm CEToriginal
Delhi transport authorities will cancel the registration to older diesel vehicles immediately. Ongoing state campaign against diesel in the most polluted city in the world...
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Czech Automotive Industry Association appointed new PR manager

July 15, 2016 | 02:59am CEToriginal
He came from a partner PR agency, but his main experience is from the state and public institutions. The moving of AutoSAP headquarters, launch of profiles on YouTube and Twitter...
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Employees of Czech plant of Toyota and PSA voted for strike

July 14, 2016 | 09:47pm CEToriginal
In wage tariffs and shift surcharge, unions have higher requirements than proposed by an intermediary. Details, further negotiations...
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Gestamp to build another plant in Central Europe

July 12, 2016 | 11:57pm CEToriginal
Location, number of halls and lines, technology, investment amount, HR, products, clients, timing, Gestamp, Gonvarri and Edscha factories in the region...
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Carmudi: German company expands worldwide, passing Europe

July 12, 2016 | 11:45pm CEToriginal
The car advertising portal specializes in emerging markets. Activities in 20 countries, website profile, finances from investors...
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Borc: Romania leads talks with two automakers on plant construction

July 11, 2016 | 11:56pm CEToriginal
Currently, there are two carmakers active in this Eastern European country – Ford and Renault. The government is negotiating with one European and one non-European company...
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Porsche expanded Leipzig plant, also because of new Panamera

July 11, 2016 | 11:44pm CEToriginal
Body shop construction, environmental technologies, complete production of the Panamera II in Leipzig, HR, daily production, consultancy by Porsche Consulting, prices of second generation, Porsche InnoDrive…
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Valeo and Siemens to form JV for EV and HEV drives

July 11, 2016 | 12:31am CEToriginal
The two companies will put relevant activities in it, including those in Central Europe. Shares, headquarters, HR, timing, market outlook by 2020...
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iCar Asia appointed new CEO

July 11, 2016 | 12:01am CEToriginal
This group of car advertising portals in the ASEAN region also appointed other new managers. Details, timing, company profile...
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King Long expands in Europe, established partner for Czech Rep and Slovakia
Toyoda Gosei to increase production in Europe
Kirchhoff Automotive looking for new suppliers
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