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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

Porsche negotiate carmaker's quarter share sale to Qatar

June 10, 2009 | 02:24pm CEToriginal
The negotiations are according to Porsche under way exclusively with Qatar and in an advanced stage. The agreement of sale might be announced...
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BRNO: Car production in Czech Rep to increase by 10% this year and exceed 1 million for first time

June 9, 2009 | 06:38pm CEToriginal
The growth will be caused by Hyundai mainly, but also by TPCA. The Kolin-based carmaker plans weekend shifts similarly to Skoda Auto...
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WMS Flocktechnik leavïng Czech Rep due to crisis, over 50 people lost their jobs

June 9, 2009 | 03:20pm CEToriginal
The company has already ceased production in Humpolec and asked the court for declaration of insolvency. The reason is a decline of orders...
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Opel's dealers want to help their own carmaker

June 9, 2009 | 02:17pm CEToriginal
They offer a bail out amounting to EUR 500 million in exchange for a share in Opel. The proposition is supported by dealers from 24 European countries including the Czech Republic and Slovakia...
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Qatar supposedly thinks of share purchasing in Volkswagen besides Porsche

June 8, 2009 | 08:03pm CEToriginal
Volkswagen would support such a step, because it might accelerate the process of integrated group formation consisting of Volkswagen and Porsche...
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BRNO: Auto-Exner gained full dealer license of Bentley

June 8, 2009 | 07:09pm CEToriginal
It happened after five years of service and sales through the German dealership. A new showroom (sized 400 m2) will be opened by Auto-Exner in...
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Skoda Superb Combi: Introduction in Frankfurt, production from mid-November

June 8, 2009 | 03:46pm CEToriginal
Facelift of the model Fabia will follow in March next year. Considering the Superb the carmaker expects annual production...
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BRNO: Carmakers and government want to initiate scrappage scheme in Czech Rep at turn of year, suppliers as soon as possible

June 8, 2009 | 01:44pm CEToriginal
For the Czech automotive suppliers lose orders from abroad. Automotive industry though calls for the scrap bonus only, not asking for any direct financial help...
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BRNO: Revenues of Czech carmakers and automotive suppliers down by 3.8% to CZK 707 billion in 2008

June 8, 2009 | 09:42am CEToriginal
That is the first fall of automotive industry in the Czech Republic’s history. The companies are trying to retain employment though. They dismiss…
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Fewer used cars imported into Czech Rep this year, import down by 40% in period January till May

June 8, 2009 | 08:16am CEToriginal
The used cars Ford, Skoda and Volkswagen are imported into the Czech Republic mainly. Luxury brands are though imported as well...
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Car dealers network Penske Automotive to buy GM’s brand Saturn

June 7, 2009 | 07:50pm CEToriginal
Penske will preserve all jobs and dealer licenses. The company is already negotiating with other world carmakers of involvement in the Saturn production...
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Cebia: Autotracer is already used by 30 dealers in Skoda Plus program, about 50 bodies overall

June 7, 2009 | 02:58pm CEToriginal
In the Autotracer system there are already about 100 million records, Cebia aim to get the service data of most of the carmakers by the end of year, including brands...
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Continental to cancel 2,600 jobs in car parts division due to crisis

June 7, 2009 | 02:12pm CEToriginal
More than 600 Continental employees will lose job only in the south German city Regensburg. By 2010, Continental will cancel in this division...
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Sberbank to buy General Motors factory in St. Petersburg

June 6, 2009 | 07:56pm CEToriginal
The bank will, together with Magna, provide Opel a loan of EUR 500 million under the restructuring. They intend to get the German carmaker into profit by...
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Qatar still interested in holding a share not only in Porsche but also in another German carmaker

June 6, 2009 | 03:01pm CEToriginal
The competing German carmaker Daimler is going to sell over 9% of its stocks to a company from the United Arab Emirates for…
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Scrap bonus helped car sales in Slovakia in May

June 6, 2009 | 01:59pm CEToriginal
Sales of new passenger cars and light utility vehicles went up by 17.4% y/y in May. For over five months of this year...
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Kia Motors ask Slovakia for investment aid for new engine plant construction near Zilina

June 5, 2009 | 11:15pm CEToriginal
The carmaker would like to gain the support of 13.5% of the estimated engine plant costs. The investment decision should be made...
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BRNO: Skoda Yeti to be sold in Czech Rep from CZK 359,800, AWD version from CZK 459,800

June 5, 2009 | 06:08pm CEToriginal
The carmaker plans to produce 20,000 cars this year. It aims to launch the full capacity of 200 cars daily...
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Car sales continue to fall in Great Britain, scrap bonus to take effect during following months

June 5, 2009 | 03:00pm CEToriginal
The number of new car registrations went down by 24.8% to 134,858 units in May. For over five months of this year the sales declined by…
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Hajek: SOR Libchavy to produce more than 420 buses in 2009

June 4, 2009 | 05:23pm CEToriginal
The growth of production owes to a giant order for Prague transport undertaking mainly. The beginning of the trolley-bus production is...
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Automotive Lighting to reinforce development in Jihlava

June 4, 2009 | 11:30am CEToriginal
That goes along with the planned extension of production capacity. Number of the current 60 developers should be increased by 2011…
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Sales of new cars up by 20.5% in Czech Rep in May

June 3, 2009 | 09:02pm CEToriginal
The reason of the growth was though a shift of interest from the category of light utility vehicles due to a possibility of VAT deduction. In total the sales declined by...
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Car sales up by 40% in May compared to April’s growth of 19.4% in Germany

June 3, 2009 | 08:10pm CEToriginal
Skoda increased its sales by 71.5% to 18,667 cars on the German market in May. For over five months the Czech carmaker has thus sold…
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AAA Auto sold about 17,000 cars from January to May

June 3, 2009 | 08:03pm CEToriginal
After the scrap bonus action termination at the end of May the company expects a reduction in monthly sales of...
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A. Charouz opened new Suzuki showroom in Prague

June 3, 2009 | 07:38pm CEToriginal
Automotive Group of Antonin Charouz has therefore expanded its portfolio for a new brand. The new Suzuki showroom arose in...
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