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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
ITT Corporation started to produce car brake pads in Ostrava
May 19, 2009 | 10:15pm CEToriginalThe company will employ over 300 people here by the end of 2009. The production will be directed to...
read moreAAA Auto prolonged scrap bonus in Czech Rep and Slovakia till end of May
May 19, 2009 | 09:41pm CEToriginalIt has been utilized by more than 1,300 motorists in both countries so far. The action’s restoring is in the company considered...
read moreGerman carmaker Porsche negotiates with potential investor, maybe from Kuwait
May 19, 2009 | 05:44pm CET, updatedoriginalTalks look reputedly promising. Porsche and VW representatives however stated today that they will...
read moreSkoda Auto to produce transmissions into small concern car Up!
May 19, 2009 | 05:34pm CEToriginalThe company will invest over CZK 1.5 billion to the increased production of transmissions. Their production in Mlada Boleslav will then rise to...
read moreGerman company Edscha as well as its Czech plant in insolvency
May 18, 2009 | 11:10pm CEToriginalEdscha Bohemia owes to the revenue authority CZK 21 million. The next four creditors...
read moreSkoda and Seat have a new importer in Taiwan
May 18, 2009 | 09:43pm CEToriginalVolkswagen’s car brands Skoda and Seat will be imported to Taiwan by Liberty Motors. By the end of the year, the new agent plans to set up a dealer network of...
read moreScrap bonus of GBP 2,000 took effect in UK, available for 300,000 motorists
May 18, 2009 | 07:24pm CEToriginalThe British scrap bonus will help to the Czech automotive industry as well. Skoda Auto, TPCA and Hyundai in Nosovice...
read moreVolkswagen suspended merger talks with Porsche
May 17, 2009 | 10:33pm CEToriginalVolkswagen appealed Monday's meeting, Porsche has reputedly no clear concept. However, there are other terms negotiated according to Porsche...
read moreOpel still threatened by bankruptcy if intentions of Fiat and Magna are not satisfactory
May 17, 2009 | 09:56pm CEToriginalMagna aims to produce also cars of other brands in Opel’s factories in the case of entering it. The interest has been already voiced by carmakers…
read moreTrailer and semi-trailer manufacturer Panav suffered due to crisis revenue’s fall by 3.5% last year
May 15, 2009 | 08:08pm CEToriginalThe profit fell almost to zero. The firm got rid of agency staff last year, this year…
read moreHouse of Commons approved scrap bonus, double contribution for eco-cars
May 15, 2009 | 04:45pm CEToriginalThe scrap bonus of CZK 30,000 will be paid when buying a vehicle with petrol or diesel engine. Cars with the alternative drive...
read moreGerman company Fasa to close plant in Radomysl in Strakonice region
May 14, 2009 | 11:23pm CEToriginalOn the ground of having not come to terms with the supplier of automotive components, the plant will be shut down. The second plant of Fasa in the Czech Republic…
read moreBMW to restore full production in its plant in Leipzig
May 14, 2009 | 10:28pm CEToriginalAccording to the carmaker, the reason of the return to two-shift operation in the Leipzig-based plant is a strong demand for the BMW 1 and production plans…
read moreNosovice-based plant of Hyundai started manufacturing model i30 Blue with start-stop system
May 14, 2009 | 10:09pm CEToriginalThe plant is going to initiate a two-shift operation soon for which it has already signed up the necessary number of employees. By the beginning of 2010 Hyundai would like to have...
read moreSales of new passenger cars in Europe fell by 12.3% in April
May 14, 2009 | 09:46pm CEToriginalThe region of Western Europe showed out a decline by 11.6%. In the new EU member countries…
read moreSuzuki restructuring its dealer network in Czech Rep, seeking new partners for three regions
May 14, 2009 | 09:31pm CEToriginalThe importer has recently terminated co-operation with two dealers in Prague and Ostrava. A new dealer acceded at the beginning of May...
read moreThird model produced in Nosovice will be all-new car
May 14, 2009 | 09:15pm CEToriginalIt will be an affiliated model of the model Kia No 3 - a car of the B-MPV segment. Production of the new MPV Hyundai will begin in...
read moreGerman automotive supplier Schaeffler might cancel 4,500 jobs
May 14, 2009 | 11:22am CEToriginalSchaeffler, which obtained nearly 50% share in the larger German competitor Continental this year, is considered to be a candidate for...
read moreFiat will possibly close one plant in Italy and reduce production in another
May 14, 2009 | 10:39am CEToriginalAccording to trade unions, production of the plant in Pomigliano will probably be reduced and another plant is awaiting closure...
read moreCzech car dealer Auto-Exner to expand abroad
May 13, 2009 | 11:02pm CEToriginalThe company with several showrooms in Prague is interested in Poland and Slovakia and might enter these markets with the brands...
read moreContinental ceasing production in France at expense of Czech Rep, Slovakia and other CEE states
May 13, 2009 | 09:50pm CEToriginalThe planned closure of a French plant in Clairoix is supposed to increase share of production in CEE countries in a division of tire production...
read moreAAA Auto and Sixt New Kopel extend their Romanian car centres network
May 13, 2009 | 08:04pm CEToriginalOperating leasing, car lease and used car sales will be offered by a Romanian company AAA New Kopel in co-operation with...
read moreKladno-based hauler CSAD MHD Kladno put up tender for delivery of 5 buses
May 13, 2009 | 07:13pm CEToriginalThe company requires short low-floor buses. The last hauler's tenders registered...
read moreAuto-Exner to open new Bentley showroom in Prague in H2 2009
May 13, 2009 | 04:27pm CEToriginalThe firm has become besides the authorized service, also the official dealer of Bentley cars in autumn 2008. Showroom will grow in...
read moreAvia returns to five-day working week
May 12, 2009 | 09:57pm CEToriginalThe trucks manufacturer has currently sufficient contracts. Avia has been helped by...
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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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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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