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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

Bain Capital to sell FTE Automotive

July 8, 2016 | 12:41am CEToriginal
The buyer, price, timing, transaction advisors, profile of the German manufacturer of automotive components with operations around the world, including the Czech Republic and Slovakia...
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Volkswagen factories in Slovakia to have company-wide holiday

July 7, 2016 | 11:29pm CEToriginal
However, this relates to two of the four plants only. Locations, dates of summer shutdown, the affected employees, technological and structural adjustment of facilities...
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Car sales in Germany up by 8.3% in June

July 6, 2016 | 11:17pm CEToriginal
The slowdown in growth, registrations of individual brands, results in H1, production and export, VDA’s outlook for 2016...
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Company-wide holiday at Czech Hyundai plant to begin soon

July 3, 2016 | 10:39pm CEToriginal
The term of a two-week summer shutdown of production, which the company uses for repairs, adjustments and cleaning of production lines…
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Brexit: GM could increase production in UK

July 1, 2016 | 12:23am CEToriginal
The carmaker would consider this option if sterling remained at a low level for a longer time. Profile of the plants in England...
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Company-wide holiday to begin at Czech Skoda Auto’s plants

July 1, 2016 | 12:04am CEToriginal
It will, however, be several weeks earlier than in 2015. A summer production shutdown at the Czech plant of Toyota and PSA will be later though. Installing of new robots...
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CSOB Pojistovna made several personnel changes in management in Czech Rep

June 30, 2016 | 11:52pm CEToriginal
These relate to three posts. Affected managers and their careers, growth plan of the insurer by 2018...
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Sport-Press changed owner

June 30, 2016 | 12:21am CEToriginal
It is an agency that organizes failing competition Car of the Year in the Czech Republic. The new owner with extensive activities not only in the automotive industry…
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Hallmark (Jaguar Land Rover): Brexit not to affect plans for Slovak factory

June 30, 2016 | 12:01am CEToriginal
According to unofficial information, the automaker suspended this investment in continental Europe ahead of the referendum on the EU...
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Louda Auto to close one branch in Czech Rep

June 29, 2016 | 11:48pm CEToriginal
Location, brands concerned, timing, reasons...
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LMC Automotive: Car sales in UK to fall by 15% by 2018

June 27, 2016 | 11:57pm CEToriginal
Revision of the forecast, the consequences of the Brexit referendum, the biggest impact on production in Germany, Spain, United Kingdom, France, Czech Republic and Poland...
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Nissan appointed fleet manager for Slovakia

June 27, 2016 | 11:47pm CEToriginal
However, Veronika Svobova is still in charge of the Czech and Slovak markets. An executive with extensive experience in car financing will take care of Slovak corporate customers...
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UniCredit Leasing recorded several personnel changes in Czech Rep and Slovakia

June 27, 2016 | 12:11am CEToriginal
The division concerned, managers and their careers, positions, promotion of one manager, timing...
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Czech Rep to record charging stations for EVs

June 26, 2016 | 11:47pm CEToriginal
It is thus responding to the EU directive. The institution concerned, amendment to the Act on Fuels, classification of charging stations, changes for the classic petrol stations...
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Brexit: Jaguar Land Rover expects profit decline, Ford suggested layoffs

June 26, 2016 | 11:30pm CEToriginal
VDA highlighted the danger of moving production of cars and parts from the United Kingdom. However, the outcome of the referendum is not binding for the British government...
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Czech Rep withdrew from environmental tax for Euro 3 vehicles

June 23, 2016 | 09:10pm CEToriginal
The Ministry of the Environment also backed away from fee increases for the transfer of used Euro 2 vehicles and older. Declared reasons...
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Arval Mid Term Rental: Arval expands its car rental fleet in Czech Rep

June 22, 2016 | 11:42pm CEToriginal
Reasons for the service creation, utilization, brands and models for medium-term lease, limiting the cooperation with car rental companies...
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Strategy 2025: Skoda Auto to invest billions of crowns in digitization

June 21, 2016 | 11:55pm CEToriginal
This applies to both company and their products and services. Virtual reality, 3D technology, Industry 4.0, BEVs, dashboard personalization, voice and gesture control, HR...
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SMMT: UK' exit of EU to increase production costs and threaten jobs

June 21, 2016 | 11:18pm CEToriginal
The country’s remaining in the EU is supported by Jaguar Land Rover, Vauxhall, Toyota, BMW, GKN or Magal Engineering. Arguments of Brexit supporters...
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Volkswagen to make rotation of CFOs of two brands

June 20, 2016 | 11:57pm CEToriginal
Both have been in their current positions for over five years. The brands concerned, managers and their careers, timing...
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Czech dealer of Ferrari and Maserati moved sales of new cars

June 20, 2016 | 11:48pm CEToriginal
The original and the new location of the showrooms, the author of the new premises, a new car service centre, HR...
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Unions in Czech plant of Toyota and PSA not adopted mediator's proposal

June 19, 2016 | 11:56pm CEToriginal
However, TPCA is going to apply it. Content of the recommendation, timing, announcement of a strike alert, further extension of the current collective bargaining agreement...
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Together – Strategy 2025: Volkswagen to invest tens of billions of euros in transformation and development

June 19, 2016 | 11:13pm CEToriginal
Details of the new strategy, plans with battery electric vehicles, financial objectives, changes in product portfolio and manufacturing of components...
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Daimler considers building factory in Russia

June 15, 2016 | 11:28pm CEToriginal
Reasons, the first car plant in the country, talks with the Russian government, the alleged investment amount, mode of production/assembly, capacity, models...
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FCA to reduce production in Serbia

June 15, 2016 | 10:51pm CEToriginal
Reduction of the number of shifts, layoffs, affected models, production in 2015...
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SELECTED FLASH NEWS
Trešl: Hyundai considered deploying Xcient hydrogen trucks/tractors (FCEVs) to transport...
Auto UH Group (Fiat, Fiat Professional, Ford, Hyundai, Volkswagen, VW Commercial Vehicles...
AR Servis (Tibiq Automotive Holding; Škoda, Hyundai dealer in Jindřichův Hradec, Czechia)...
Car Importers Association (SDA), Statistics Austria (Bundesanstalt Statistik Österreich):...
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Decotek Automotive (manufacturer of decorative car exterior trim components with 320...
e-Salon 2023: Police of Czech Republic shelved case when visitor (16 years old) of clean...
New brands (mainly Chinese) entering Czech market (2023: MG 150 g/km, +1 g/km y/y; Alpine...
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SDA: Vehicle fleet in Czechia up by 234,280 units (+2.68%) to 8.98 million in 2023...
Capgemini Engineering (formerly Altran Technologies) sold Czech branch (Altran CZ...
Porsche Classic: After relocation of Bentley and Lamborghini dealerships in Prague...
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SELECTED ARTICLES
Czech antitrust authority imposed fine on two car dealers for cartel
Shandong Linglong Tire wants to build two more plants, one in Europe
Chassix wants to build plant in Eastern Europe
SaarGummi plans further investment in Czech Rep
Samsung looking for suppliers on new type of EV batteries
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
Hyundai expands operations in Central Europe
Uni Gasket to expand production in Europe
Vision & Strategy 2025: Brose to make global competence centre from Ostrava
Brano aims to develop its own electric vehicle, later might start producing it
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