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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

Carmakers to be further able to sell cars exclusively at specialized dealers

July 22, 2009 | 10:39pm CEToriginal
The European Commission has proposed the exemption extension for another three years, namely until 2013. In the Czech Republic, the block exemption caused...
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Vehicle production dropped by 11.3% in Czech Rep in H1

July 22, 2009 | 09:53pm CEToriginal
Skoda Auto reduced production by a third, in H2 the fall should be due to the scrap bonus lower. In addition, Hyundai will launch production of its next model, therefore the domestic production will increase by...
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Tiberina bought from bankrupt automotive supplier Wagon its Czech plant in Bela

July 22, 2009 | 09:01pm CEToriginal
The plant in Bela, supplying the Czech and European carmakers, has at the same time changed its name to Tiberina Automotive Bela. The transaction value reached...
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Eurocar plant in Ukraine stopped Skoda cars assembly due to company holiday in carmaker in Czech Rep

July 22, 2009 | 06:23pm CEToriginal
Skoda Auto is, however, considering the production shutdown extension for Ukraine in the plant in Vrchlabi after the holiday as well. The reason is...
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CSOB Leasing began offering short financial leasing for vehicles - for 2 years already

July 22, 2009 | 05:36pm CEToriginal
By this offer, the company responds to the amendment of the Income Tax Act. The customer has the option to manage the time for which the new investments reflect in...
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Dismissals in carmakers and suppliers brings extreme forms of protests too

July 21, 2009 | 06:10pm CEToriginal
Hundreds of fired employees of the South Korean carmaker SsangYong have occupied a part of the plant today and are attacking interfering policemen with slingshots...
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Automotive supplier Continental returned to profit in Q2

July 21, 2009 | 04:43pm CEToriginal
The company reported an operating profit of EUR 38.8 million after a loss of EUR 165 million in Q1. The results were supported by...
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Employees from French auto parts plant not threatening with its demolishing anymore

July 21, 2009 | 01:31pm CEToriginal
France's industry minister has promised to meet labour unions in the plant on Wednesday. Attitude of the main customers Renault and PSA has not changed...
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Eurocar plant in Ukraine suspended Skoda car assembly

July 21, 2009 | 12:24pm CEToriginal
The reason is a downturn of the local market. The drop in Ukraine is being successfully compensated by deliveries to Russia. Lower demand troubles also an assembly plant in…
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General Motors has three final bids for Opel's purchase, to be reviewed now

July 21, 2009 | 11:19am CEToriginal
The bids have been proposed by Magna/Sberbank, RHJ and BAIC. Magna and Sberbank newly require Opel's intangible rights and have also increased the bid...
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EC approved state help for new plant of Daimler in Hungary

July 20, 2009 | 07:48pm CEToriginal
Daimler intends to invest EUR 800 million in a new production capacity and to create 2,500 jobs. The state help will have the form of...
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LeasePlan: Companies approaching operating leasing due to tax laws changes

July 20, 2009 | 03:48pm CEToriginal
The share of the total operating leasing rose in the movable assets financing to 28% in Q1. Fleet has been transferred from the ownership to the operating leasing also by Adidas...
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France plans for extending scrappage scheme until next year, the bonus should go down gradually

July 20, 2009 | 02:34pm CEToriginal
That should prevent a big shock on market. According to the French government, the system of scrap bonuses should proceed at all-European level...
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CKP: Share of cars without damage liability fell to 8.7% in June

July 20, 2009 | 02:01pm CEToriginal
It is a y/y decrease of 3.5 of the percentage point. The reason of this development is the introduction of a penalty contribution of uninsured, on which it has been collected...
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Hyundai to invest EUR 130 million in Czech Rep during two years

July 20, 2009 | 10:17am CEToriginal
The investment will go to construction of another hall at a transmission plant and new technologies. Capacity of transmission production will thus move up to...
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Volkswagen is close to agreement on Porsche carmaker control

July 19, 2009 | 11:00pm CEToriginal
The shareholders of the new VW-Porsche group would be families Piech and Porsche, Lower Saxony and Qatar. Porsche employees do not like it and threaten...
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RHJ International offers EUR 275 million for Opel’s half

July 19, 2009 | 10:22pm CEToriginal
RHJ’s offer assumes that Opel will produce less, so that the number of employees will fall. It should leave the company up to...
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Jaguar to cease X-Type model’s production after eight years

July 17, 2009 | 04:21pm CEToriginal
Due to this fact, there will be 300 jobs terminated in the UK plant in Halewood. Because of the weak demand for luxury cars the factory will also interrupt its operation...
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Porsche head Wendelin Wiedeking supposedly leaving the company, carmaker denies it

July 17, 2009 | 04:07pm CEToriginal
According to the German press his successor should be decided in the near future. For the present, he might be replaced by...
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Nissan and Honda to increase production capacities by 20% in China

July 17, 2009 | 12:21pm CEToriginal
The reason is strong demand on the local market. The increase of the carmaker’s production will be reached by adjusting shift operation and by signing up new employees…
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EU car production down by 35% in Q1, scrap bonus only reduced the drop

July 17, 2009 | 09:39am CEToriginal
Production of passenger cars declined by 31% whereas production of commercial vehicles by 57%. Over the whole year 2009 ACEA estimates a downturn by...
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Ford and Mazda opened joint car plant in Thailand

July 16, 2009 | 09:10pm CEToriginal
The investment amounted to USD 500 million. The plant with annual production capacity of 100,000 cars will be producing...
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Employees of French auto parts plant threaten with blasting it away

July 16, 2009 | 05:31pm CEToriginal
Trade unions ask for compensation money amounting to EUR 30,000 for each of the 366 employees. The company is a supplier of the carmakers Renault and PSA, which...
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Skoda car sales in China up by 46.2%, sales of concern Volkswagen by 22.7%

July 16, 2009 | 05:03pm CEToriginal
Chinese market is now growing thanks to state incentives, and should increase by 20% this year and by 15% next year. Volkswagen and Skoda Auto have further plans there...
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Hyundai - another carmaker refused to wait for scrap bonus introduction in Czech Rep

July 15, 2009 | 08:43pm CEToriginal
Citroen and the used car dealers AAA Auto and Auto Esa already offer their own version of scrappage scheme in the Czech Republic. However, Hyundai’s special offer only applies to…
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