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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
Biggest CNG station in the Czech Rep to be opened in Prague on Wednesday
May 12, 2009 | 09:42pm CEToriginalIt is already the third filling station in Prague and till the end of the year there is a plan to open another...
read moreHyundai mulls shifting production of i20 model from India to Europe
May 12, 2009 | 09:18pm CEToriginalThe Korean carmaker Hyundai might move production of the i20 hatchback from India to Europe and the Czech Republic is in play. A decision will be taken in...
read moreGoodyear Dunlop Tires to unify management for Czech Rep, Slovakia and Hungary
May 12, 2009 | 04:35pm CEToriginalThere has only been the corporate management for Czech and Slovak markets so far. The restructuring is coming in context of changing the general manager's position...
read moreTrnava-based plant of PSA Peugeot Citroen does not catch up with demand, extends working time
May 12, 2009 | 03:47pm CEToriginalThe reason is increased demand for the model Peugeot 207. The precaution will be initiated on June 1 and will last...
read moreUnipetrol to unify car fleet under the brand of Skoda
May 11, 2009 | 11:12pm CEToriginalUnipetrol’s fleet, including nearly 400 cars, will completely change within...
read moreVolkswagen further expanding in Asia, with local partner to assemble cars in Indonesia
May 11, 2009 | 07:29pm CEToriginalOperation of the new plant should be launched later this year. The plant will initially produce Volkswagen Touran cars, and later...
read moreHead of Daimler to deepen co-operation with BMW
May 10, 2009 | 07:02pm CEToriginalDaimler does not plan to delay or lower its investment in Hungary. Considering other plants...
read moreAuto-Exner to sell 100 Aston Martin cars during four years
May 7, 2009 | 07:32pm CEToriginalAlong with 50 cars driving on the Czech roads the company wishes to have 150 cars in its portfolio by 2012. Investment into a new dealership ranged to...
read moreEC approved takeover of Czech company Cadence Innovation by Canadian Magna
May 7, 2009 | 06:34pm CEToriginalThis transaction will reputedly not seriously interfere with the economic competition. Only on the plastic bumpers market…
read moreEC: Carmakers to be obliged to issue certificates of conformity to buyers
May 7, 2009 | 05:18pm CEToriginalPurchasing a car abroad should be simplified within the EU. Until now...
read morePorsche Inter Auto expands to other cities in Czech Rep
May 7, 2009 | 04:54pm CEToriginalBesides Prague, Brno, Plzen, Olomouc and Ceske Budejovice the company will also sell cars in...
read moreGeneral Motors reputedly looking for share in Fiat
May 7, 2009 | 03:53pm CEToriginalIt would offer its activities in Europe and Latin America as a form of exchange. GM aims to get at least 30% of its division…
read moreEU’s petrol stations to be obliged to have escape steam extractions when tanking up
May 7, 2009 | 03:34pm CEToriginalThis will, among other things, lead to fuel savings. The petrol stations in the Czech Republic will not have any problems with it, because...
read moreCzech dealer network of Daimler carmaker comes through development
May 7, 2009 | 02:54pm CEToriginalSales of Daimler in the Czech Republic (excl. buses) should rise this year. The carrier model will be a new generation of the Mercedes E-class with planned sale...
read morePorsche does not want to take over Volkswagen any more, carmakers to establish a joint group
May 6, 2009 | 10:24pm CEToriginalBoth companies should make a joint venture, which will include ten brands. These will be still operating…
read moreBritish government to rescue LDV van manufacturer from bankruptcy
May 6, 2009 | 09:57pm CEToriginalThe British government has promised the company a bridging loan today, which will enable the company to survive until it will be taken over by...
read moreFiat denies information about the alleged plan to cancel 18,000 jobs
May 6, 2009 | 09:23pm CEToriginalIf Fiat takes Opel over, then there will be a threat of total or partial shutdown of the engines’ production in...
read moreDolnorakouska pojistovna leaving Czech Rep, currently negotiating the contract’s transfer
May 6, 2009 | 08:44pm CEToriginalThe insurance company, which offered damage liability as well, negotiates the transfer of clients with...
read moreSales of new cars in Czech Rep increased by 19% in April
May 6, 2009 | 07:55pm CEToriginalTherefore a deficiency from Q1 has been balanced, during which the demand for new cars dropped by almost 6%. In four months the registrations…
read moreJapanese carmaker Daihatsu reportedly considering opening representation for Central Europe
May 6, 2009 | 07:17pm CEToriginalThe cars Daihatsu were imported to the Czech Republic during the years 1991-1998. Several dealers sell in the Czech Republic…
read moreJung: Vrchlabi-based plant probably not to help with Fabia cars’ production, working Saturdays still possible
May 6, 2009 | 03:35pm CEToriginalThe scrap bonus introduction in the Czech Republic would be for Skoda Auto the best during the holidays. Production of Yeti model will start earlier...
read moreFinancial company GE Money to leave Slovakia
May 6, 2009 | 11:09am CEToriginalA Slovakian branch has stopped to accept new customers and has dismissed its employees. Asset in Slovakia...
read moreOpel: Fiat plans to supposedly result in disappearance of up to 10,000 jobs in Europe
May 5, 2009 | 07:44pm CEToriginalThe German government still expects the submission of detailed plans for the Opel’s takeover from the Austrian-Canadian automotive supplier Magna...
read moreSaab has currently 10 serious candidates for its takeover, Fiat is not among them
May 5, 2009 | 06:28pm CEToriginalThe Swedish government negotiated Saab with Fiat a few weeks ago. Saab assumes the agreement conclusion in...
read moreMercedes-Benz opened new sale and service complex in Stodulky, Prague
May 5, 2009 | 04:14pm CEToriginalThe company has invested CZK 530 million in the complex. Mercedes took into account a possible expansion in the future during the construction already...
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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
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
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