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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 vs. Volkswagen: Shareholders and management discuss all options

May 5, 2009 | 11:52am CEToriginal
Ferdinand Piech proposes selling Porsche to Volkswagen for EUR 11 billion. Wendelin Wiedeking, head of Porsche, pushes on…
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Pecina, head of UOHS: Lesy CR violated law when purchased Audi limousines

May 5, 2009 | 11:07am CEToriginal
According to Pecina, it is not possible for the enterprise to buy company cars from the importer only because they were offered a discount. The enterprise is now at risk from a fine...
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Sales of new passenger cars in France, Italy and Spain fell in April

May 4, 2009 | 10:53pm CEToriginal
The decline has been around 7% in France and Italy, however, in Spain...
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Fiat promised to keep Opel brand and its German plants

May 4, 2009 | 08:39pm CEToriginal
Fiat estimates Opel's stabilisation costs to EUR 5 to 7 billion. However, a Canadian car part manufacturer Magna is at stake as well...
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Law might unburden selected motorists from fees for used cars‘ registration

May 4, 2009 | 06:40pm CEToriginal
This might be enabled by a modifying proposal of the government amendment to the Waste Act. Fee exemption might be newly valid for...
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Czech Chamber of Commerce: Czech companies against scrap bonus

May 4, 2009 | 12:58pm CEToriginal
The scrap bonus initiation would not contribute to Czech economy presently. Local companies stand against initiation of such grants...
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Aston Martin aims to have 150 dealerships worldwide by 2011

May 4, 2009 | 12:44pm CEToriginal
Aston Martin has currently 125 dealers in 40 countries; the last one was opened in Prague. The opening of dealership in Slovakia, Poland and Hungary...
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Martin Jahn resigned his membership in government advisory body NERV

May 3, 2009 | 10:11pm CEToriginal
The NERV will thus be nine-member only. Jahn, who supported the scrap bonus initiation during his membership in the NERV, has resigned...
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Fiat confirmed interest in German carmaker Opel

May 3, 2009 | 08:53pm CET, updatedoriginal
The interest in Opel has been also expressed by Canadian car parts manufacturer Magna International, which already...
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Louwman to sell Lexus cars in the Czech Rep, showroom in Prague to open in September

May 3, 2009 | 07:39pm CEToriginal
In connection with this event, there will be changes for Louwman in the sale of Toyota cars and also in the Lexus Lounge project…
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Chrysler proclaimed bankruptcy and will form alliance with Fiat

May 1, 2009 | 08:00pm CEToriginal
Fiat will assume 20% share at the beginning. When Fiat redeems Chrysler's loans provided by the US government, it will become...
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UOHS investigates state enterprise Lesy CR in terms of purchase of 7 Audi limousines

May 1, 2009 | 12:51pm CEToriginal
The antitrust office suspects the company of Public Order Act offence during car purchase worth millions of korunas...
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Volkswagen to discontinue production in Bratislava in mid-May

May 1, 2009 | 11:22am CEToriginal
The company is going to make use of the production cut even within advance working for productin of the car line New Small Family. The outage will last from...
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Chrysler reportedly to announce bankruptcy, agreement on alliance with Fiat completed

April 30, 2009 | 07:57pm CEToriginal
Negotiations with creditors have failed even though the Ministry of Finance has increased its offer considering the exchange of remitted debt for...
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GM’s creditors seek to obtain majority in the company

April 30, 2009 | 05:31pm CEToriginal
Only 1% of the enterprise should remain to the existing shareholders, while the US government should...
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GE Money to reduce staff this year, 40 people fired already

April 30, 2009 | 04:15pm CEToriginal
The forced departures are linked besides the flagging mortgage market and the instalment financing, even with...
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Scrap bonus in Czech Rep might be applied to showroom cars too

April 30, 2009 | 10:54am CEToriginal
The bonus will thus be obtainable for luxury cars, such as some BMW models or Skoda Superb. The price must be lower than…
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Russian Phaeton apparently not to buy Pap Oil, Czech filling station network

April 30, 2009 | 10:09am CEToriginal
Phaeton has not succeeded in acquiring a loan through which the company would finance part of solicitation of 140 Pap Oil stations. Russian holding has though...
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Aston Martin officially opened its 125th dealership in Prague today

April 29, 2009 | 10:27pm CEToriginal
The dealership has been acquired by Auto-Exner company which added the brand to its portfolio along with Bentley and Lamborghini. Aston Martin has been negotiating the dealership with...
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EC approved help for Fiat to develop Lancia Ypsilon's successor

April 29, 2009 | 07:54pm CEToriginal
Italian government will then grant EUR 46 million to Fiat as a regional help which is part of an investment project for...
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Bendl: Friday unenforced truck drives‘ ban might be offset by higher toll

April 29, 2009 | 07:14pm CEToriginal
The toll increase in some time zones might according to the minister encourage carriers to...
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Skoda Auto net profit decreased by 91.4% at revenues fall of 29.6% in Q1

April 29, 2009 | 06:18pm CEToriginal
The biggest Czech carmaker´s sales declined due to the recession by 17.5% to 143,079 cars. The production...
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Lesy CR purchased anti radars to new Audi limousines

April 29, 2009 | 05:00pm CEToriginal
The company paid CZK 135.000 for them. Price of seven company-owned cars amounted CZK 8.3 million, thus more than...
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Qatar interested in purchasing share in Porsche carmaker

April 29, 2009 | 04:17pm CEToriginal
Both sides have already negotiated on the subject, according to Qatar prime minister. Share sale to Qatar might...
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GM's creditors disagree with restructuring plan, and predict bankruptcy

April 28, 2009 | 09:56pm CEToriginal
Creditors require to be treated equally with trade unions; this means that they should get shares in the same ratio as...
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