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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 CETflashread more
ACEA: New car registrations in EU up by 1.1% in October (Volkswagen +12.6%; Stellantis -16.7%; Renault -0.4%; Hyundai -7.5%; Toyota +13.7%; BMW +0.8%; Mercedes-Benz +2.6%; Ford -13.6%; Volvo Cars +22.5%; Nissan -8%; Tesla -23.1%; SAIC -10%; Suzuki -10.5%; Mazda -12.8%; Jaguar Land Rover -22.1%; Honda -10.4%; Mitsubishi +8.6%), individual fuel/power types successful differently (BEV -4.9%, PHEV -7.9%, HEV+MHEV +19.8%, FCEV+NGV/CNG+LPG+biofuel/ethanol +2.5%, petrol -4.7%, diesel -10.8%)
November 25, 2024 | 11:25am CETflashread more
JATO Dynamics: Electric (rechargeable) vehicle sales in Europe (28 countries) up by 1.9% to 251,442 units (168,618 BEVs, +7%; 82,824 PHEVs, -7%) in October, representing 24.2% share in total registrations (penetration, +0.5pp). Škoda Enyaq (9,977 cars, +44%) was best-selling battery electric vehicle (BEV), followed by Tesla Model Y (8,795, -18%), Volkswagen ID.4 (6,894, +24%), Volvo EX30 (5,360, new) and VW ID.7 (5,330, new). Volvo XC60 (5,881, +57%) was best-selling plug-in hybrid (PHEV), followed by BMW X1 (4,619, +68%), VW Tiguan (4,181, +113%), Ford Kuga (3,298, -29%) and BMW X5 (2,377, +50%)
November 22, 2024 | 11:59am CETflashread more
Industry 4.0 in Practice 2024: National Industry Center 4.0 (NCP 4.0) to hold conference on cutting-edge projects for implementation of Industry 4.0 in Prague, Czechia on December 5 with tour of RICAIP Testbed Prague. Representatives of Škoda Auto, Forvia Hella, Maxion Wheels Czech, Vítkovice Cylinders, Partory Group, Spinbotics, Kinalisoft, SP ČR (Confederation of Industry and Transport of Czech Republic), ČSPÚ (Czech Maintenance Society), VŠB-TU to speak at event
November 22, 2024 | 11:47am CETflashread more
Volkswagen to close Audi plant in Brussels, Belgium (Q8 e-Tron, Q8 Sportback e-Tron; 596,570 sqm; 3,000 employees; 2023: 53,555 BEVs produced) by February 28, 2025, moving production to Mexico (San José Chiapa, Puebla; Q5; 460 hectares; 5,350 employees; 2023: 175,626 SUVs produced). Carmaker offered factory for sale, but none of 26 potential investors (Chinese automakers, commercial vehicle manufacturer) made decision. In June, Audi and Puebla state government said that carmaker to invest EUR 1 billion in electric vehicle projects in Puebla, creating 500 new jobs
November 22, 2024 | 11:41am CETflashread more
JATO Dynamics: Dacia Sandero (21,740 registered vehicles, -3%) was best-selling car in Europe (28 countries) in October, followed by Peugeot 208 (20,389, +40%), Volkswagen Tiguan (17,368, +72%), Renault Clio (16,987, +10%), Toyota Yaris Cross (16,542, +7%), VW Golf (16,455, +34%), Toyota Yaris (15,977, +46%), Kia Sportage (14,677, +8%), VW T-Roc (14,385, +8%) and Škoda Octavia (14,372, +16%). Overall market down by 0.1% to 1.04 million, led by Volkswagen, Toyota, Škoda, BMW, Mercedes, Peugeot, Renault, Audi, Dacia and Kia
November 21, 2024 | 03:47pm CETflashread more
European Hydrogen Week 2024: Representatives of Accelera by Cummins, ACEA, Air Liquide, Battolyser Systems, BloombergNEF, Clean Hydrogen Partnership, Dekra, Deloitte, DG MOVE, EBRD, Engie, EC (European Commission), EP (European Parliament), Greenlyte Carbon Technologies, Hydrogen Europe, Hypermotive, Hyvia, Iveco Bus, Linde, Orlen, Robert Bosch, ThyssenKrupp Nucera, Toyota Motor Europe, TÜV Nord, Uniper to speak at conference on hydrogen trends, technologies, projects in Brussels, Belgium (November 18-22)
November 21, 2024 | 03:36pm CETflashread more
Zebra Group (manufacturer of diesel, electric municipal vehicles with 25 employees in Prague and Hradec Králové, Czechia; over 850 vehicles produced for more than 330 customers since 2014; turnover of CZK 49 million/EUR 1.9 million in FY 2023) started to use financing from Venture Club (280-member investor club based in Prague, which in acquired 18% stake in Zebra Group for CZK 30 million/EUR 1.2 million in 2021-2022) in form of factoring of Zebra vehicle orders. From February to September, 25 vehicles financed through it, bringing total investment to almost CZK 50 million (EUR 2 million). Amounts for first 6 vehicles produced have also been successfully paid back to investors with fixed interest rate of 12-15%
November 20, 2024 | 01:58pm CETflashread more
VVA 2024: Tiyo to hold 16th seminar with subtitle 'DIY or golden Czech hands' to inspire current, future automotive developers in Lázně Bělohrad, Czechia on November 21. Representatives of Merkur Toys, Škoda Auto, Stavební geologie – Geosan (SG Geosan), CEITEC, CULS Prague Formula Racing, Faurecia Automotive Slovakia, Kostal Connectors, Sattelo, ÚJV Řež to speak at event
November 20, 2024 | 01:51pm CETflashread more
European Hydrogen Week 2024: European Commission (EC), Hydrogen Europe, Clean Hydrogen Partnership to hold conferences, exhibition, B2B forum, number of networking events on hydrogen trends, technologies, projects in Brussels, Belgium on November 18-22. Accelera by Cummins, AeroDelft, AGC Chemicals, Agfa-Gevaert, Air Products, Arthur Bus, Asahi Kasei, Ballard, Battolyser Systems, BMW, Bosch, Dynelectro, e-Mobil BW, FEV, Greenlyte Carbon Technologies, Hexagon Purus, Horizon Fuel Cell Europe, Hypermotive, Hyvia, Iveco Bus, Linde, Mitsubishi Corporation, Nippon, OPMobility, Orlen, RWE Generation, SSAB, ThyssenKrupp Nucera, Toyota Motor Europe, Uniper Hydrogen, Worthington Cylinders to join exhibition
November 20, 2024 | 01:45pm CETflashread more
Aleš Novák decided to leave Porsche Czech Republic (Porsche Holding Salzburg), devoting himself to his own business activities. Tomáš Navrátil, current SEAT's regional manager for Africa, Middle East and Turkey, to become new Head of SEAT and Cupra brands in Czechia on January 1, 2025
November 19, 2024 | 02:42pm CETflashread more
ČSÚ: Car prices in Czechia stagnated m/m in October, down by 1.2% y/y (new: -0.1%, +1.6%; used: +0.1%, -3%). Inflation (consumer price index/CPI) in related areas developed differently – motorcycles (-2.2%, -1.1%), spare parts and accessories (+1.1%, +7.5%), fuels and oils (-0.4%, -11.4%), maintenance and repairs / service works (+0.4%, +8.7%)
November 19, 2024 | 02:35pm CETflashread more
Warehouse of Antolin (manufacturer of components for vehicle interiors with 22,000 employees in 120 plants, 28 R&D and commercial centers in 25 countries; sales revenues of EUR 4.6 billion in 2023) factory in Chrastava, Czechia (polyurethane foam production within Grupo Antolin Bohemia – supplier of ceiling panels for Maserati, Land Rover, Jaguar, Volvo, BMW, Audi, Volkswagen, Škoda with approximately 300 employees in Liberec-Stráž nad Nisou, Chrastava and Hanover, Germany) hit by fire on November 15, causing damage estimated at CZK 30 million (EUR 1.2 million). No one injured
November 18, 2024 | 12:55pm CETflashread more
Changes
Poland aims to get rid of old cars by environmental tax introducing, scrap bonus probably not to take effect
May 27, 2009 | 08:28pm CEToriginalEnvironmental tax is intended to cover all the cars up to 3.5 tonnes. The fee for 15-year-old car may amount to...
read moreChinese company Beijing Automotive Industry additionally submitted bid for entrance to Opel
May 26, 2009 | 09:32pm CEToriginalThe Chinese company would keep the branches in Germany and would not dismiss its employees. The Government will publish a preliminary decision on the best offer on...
read moreDelegation of Turkish automotive suppliers to visit Czech Rep early in June
May 26, 2009 | 08:02pm CEToriginalFirst there will be series of negotiations with Czech companies in Prague, then the delegation will arrive at the Brno Motor Show, where...
read moreLondon to start testing intelligent speed limiter in cars
May 26, 2009 | 12:43pm CEToriginalDuring a six-month testing a bus and a cab will also be tested. The system was developed by the Danish company...
read moreDecision on Opel to be made by mid-week, interested subjects still improving offers
May 25, 2009 | 09:57pm CEToriginalIn case of inconvenient offers Germany's Economy Minister Guttenberg would be in favour of...
read moreThe only Toyota car dealer in West Bohemia Dajbych ceased cooperation with importer
May 25, 2009 | 09:23pm CEToriginalPilsen-based dealer, specialized in 4x4 cars, is now negotiating with potential partners. Pilsen might be entered by the company...
read moreKalousek: Scrap bonus initiation is asocial and immoral
May 25, 2009 | 10:45am CEToriginalFinance Minister Eduard Janota agrees with Kalousek but makes reference to...
read moreFinance Minister Janota: Scrap bonus money volume to be CZK 2.5 billion at most
May 24, 2009 | 08:16pm CEToriginalThe scrap bonus launching is now depending on the government. The mentioned amount would according to the selected drive satisfy...
read moreGeneral Motors might get a fourth bid for Opel sale
May 24, 2009 | 12:00am CEToriginalInterest is apparently shown by one Chinese carmaker, which has sent GM executives so-called expression of interest on Thursday...
read moreMagna becomes the favourite for Opel takeover, decision to be made next week
May 23, 2009 | 11:34pm CEToriginalMagna is preferred by the German political representation, Opel and GM too. Magna requires only a minority share...
read moreTatra negotiating with Skoda Auto on lending it its unused employees
May 22, 2009 | 11:34pm CEToriginalSkoda Auto is looking for workers for production of the model Yeti in Mlada Boleslav and Kvasiny too. The company needs there...
read moreEuWe Eugen Wexler opened next production hall in Rokycany
May 22, 2009 | 07:24pm CEToriginalA production for new Opel Astra model will be placed there and other orders will be added up from six carmakers…
read moreTPCA restored recruitment campaign due to increase of production
May 22, 2009 | 01:54pm CEToriginalThe reason is growing production and the need for covering summer vacations as well. In June the carmaker will engage…
read moreCSOB Leasing started offering operating lease for individuals in Czech Rep
May 22, 2009 | 12:50pm CEToriginalA lease contract can be extended or shortened during its validity as well as a stipulated yearly number can be...
read morePorsche denied reports about application for state help which was disapproved
May 21, 2009 | 08:06pm CEToriginalGerman journal Handelsblatt wrote earlier the carmaker had unsuccessfully tried to obtain a help...
read moreThree year-old Czech plant of Dutch automotive supplier Priema being insolvent
May 21, 2009 | 07:30pm CEToriginalThe company has submitted the proposal for insolvency itself. Because of the econimic crisis and the subsequent significant drop in production Priema CZ owes...
read moreAnother interested subject in Opel is investment company Ripplewood Holdings
May 21, 2009 | 10:46am CEToriginalThe company submitted an offer yesterday similarly as did the carmaker Fiat and the automotive supplier Magna...
read moreCable harness division of concern Alcoa bought by investment fund Platinum
May 21, 2009 | 12:16am CEToriginalPart of the purchase was also the Czech plant Alcoa Fujikura Czech in Stribro. The change of owner will not affect the production, but...
read moreDenso postponed decision to invest CZK 1.2 billion in plant extension in Liberec
May 20, 2009 | 09:51pm CEToriginalIn the case of Denso headquarters agreeing, the factory’s extension can be done in two years. The reason is mainly new contracts...
read moreJung: Skoda Auto to have production decrease lower than 10% this year
May 20, 2009 | 09:00pm CEToriginalThe carmaker expects a similar tendency even at sales. The market should decrease more; Skoda is therefore expecting a market share growth...
read moreCoop to build about 100 filling stations by its stores within 3 years
May 20, 2009 | 08:16pm CEToriginalThe filling stations will be self-service completely. There should be two filling automatic machines at every store. This year…
read moreIndebted Schaeffler abandoning plan of larger competitor takeover similarly as Porsche
May 20, 2009 | 07:38pm CEToriginalOn the contrary, the company now allows for a possibility of the takeover by Continental. Despite the crisis Continental invests in the Czech Republic...
read moreFrank Farsky leaves Renault Trucks
May 20, 2009 | 04:11pm CEToriginalHe led the representation in the Czech Republic and Slovakia for five years. New Renault Trucks CEO for the Czech Republic and Slovakia will be...
read moreSkoda Auto to invest EUR 2 billion in products until 2013
May 20, 2009 | 03:42pm CEToriginalOne part will go to the Group’s new mini car which will be produced in Bratislava, Slovakia. From the Czech Republic there will be besides transmissions...
read moreDaimler bought 10% share in electric car manufacturer Tesla Motors
May 19, 2009 | 10:47pm CEToriginalThis will enable an extension of carmakers’ cooperation: Electric Smart with Tesla batteries by the end of this year, Tesla model S...
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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)...
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Czech antitrust authority imposed fine on two car dealers for cartel
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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
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