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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
SAP: 30% of passenger cars still without catalyst in Czech Rep
April 22, 2009 | 11:21pm CEToriginalBesides 1.32 million cars without catalyst older than 15 years, there are other 600,000 cars driving on the Czech roads which only meet the standard...
read moreGlobus to offer insurance, including car insurance in its hypermarkets
April 22, 2009 | 11:08pm CEToriginalGlobus will be offering household insurance, car insurance and travel insurance in special booths in its stores. The partner will be...
read moreUK to provide motorists with scrap bonus of GBP 2,000
April 22, 2009 | 10:27pm CEToriginalTo get the scrap bonus, motorists will have to scrap a car older than 10 years. The British Government has allocated for the scrap bonus...
read moreVolkswagen decreased net profit by 73.8% at revenues fall by 11% in Q1
April 22, 2009 | 09:24pm CEToriginalThe company was in the black mainly due to the sale of Brazilian division of MAN, which contributed to the overall outcome by a sum...
read moreVolvo AB dismissing over 1,500 employees and other 100 co-workers in Sweden
April 22, 2009 | 07:58pm CEToriginalThe wave of dismissal in Volvo AB concern, which does not involve division of passenger cars, will hit mostly the division...
read moreVolkswagen: Small car on a VW Up! basis to be produced in Bratislava
April 22, 2009 | 03:35pm CEToriginalThe Group will invest EUR 308 million. Small car will be produced in 3 and 5-door versions, under brands…
read moreAudi to produce new model Q3 in Spanish plant of Seat
April 22, 2009 | 02:20pm CEToriginalAudi will invest around EUR 300 million in the Seat’s factory in Barcelona. The production will start there...
read moreChrysler's creditors reputedly propose change of debt part for stocks
April 22, 2009 | 12:52pm CEToriginalCreditors have suggested Chrysler and the US Ministry of Finance an offer in which they propose to exchange the debt of USD 2.5 billion for a share...
read moreSlovak Kia Motors's plant increased revenues by 24% to EUR 2.23 billion
April 21, 2009 | 07:26pm CEToriginalThe car production in Zilina-based factory increased by 38% to 201,000 cars. This year...
read moreLouwman opened its second Toyota car centre in the Czech Rep in Usti nad Labem
April 21, 2009 | 07:08pm CEToriginalLouwman has had only one car centre in the Czech Republic, in Prague so far. The company entered Usti nad Labem…
read moreUOHS: Erste Bank can be taken over by Weinviertler Sparkasse in Czech Rep too
April 21, 2009 | 06:27pm CEToriginalThe junction does not raise any serious misgivings about disturbance of economic competition because...
read moreTatra to supply cars for Czech army 4 months earlier due to crisis
April 21, 2009 | 04:56pm CEToriginalA supply of 556 cars for CZK 2.6 billion should be originally completed in October this ear. To accelerate the supply, the company will make use of…
read moreFour financial and two strategic investors to be interested in Opel share
April 21, 2009 | 10:31am CEToriginalIt might be a direct investment of at least half a billion Euros, the investor would then take a share of…
read moreUnified plug in Europe to enable large lot production of electric cars
April 20, 2009 | 09:50pm CEToriginalAbout 20 largest energy companies and car manufacturers have agreed on the basic parameters of connectors and plugs, which will be...
read moreCourt in Usti initialized insolvency proceedings in automotive supplier BTV plast
April 20, 2009 | 08:59pm CEToriginalA proposal for the proceedings initiation has been filed by Eurostav company which claims the arrears this way…
read moreBrano Group fell on CZK 70 million loss in 2008 along with revenues decline by 17%
April 20, 2009 | 06:57pm CEToriginalThe company was losing a lot due to the securing operations. The revenues declined to CZK 3.5 billion. In 2009 Brano Group expects…
read moreBMW and Brilliance plan to build their second factory in China
April 20, 2009 | 04:04pm CEToriginalBoth carmakers are now producing 30,000 cars a year in China. They plan to increase their production capacity by mid-next year to…
read moreGeneral Motors might leave share in Opel in exchange for investment
April 20, 2009 | 02:34pm CEToriginalThe new share owner would have to invest in the new company created from GM’s European activities a minimum of…
read moreNippon Kayaku plans triple production increase in Jablunka
April 20, 2009 | 12:47pm CEToriginalAnnual production of around 200 tons of gas generator unit for car airbags has been directed exclusively to Japan so far. In the future…
read moreFiat might supposedly form alliance with European part of General Motors
April 19, 2009 | 07:49pm CEToriginalFiat is already working on a partnership formation with American carmaker Chrysler. The condition is…
read moreVolkswagen to initiate production in Bratislava on Monday again
April 19, 2009 | 06:37pm CEToriginalVolkswagen discontinued the production in Bratislava-based plant twice this year. The plant’s employees could draw the leave or…
read moreFormer VW head Pischetsrieder might become head of Opel carmaker
April 18, 2009 | 06:51pm CEToriginalBernd Pischetsrieder might be nominated to the post, according to the dealers association AVAG, but only in case…
read moreGM’s bankruptcy probability increased according to company’s new CEO
April 18, 2009 | 01:46pm CEToriginalFor the German carmaker Opel, General Motors has found more than…
read moreSkoda Auto disputes with labor unions about prospective working Saturdays
April 17, 2009 | 11:05pm CEToriginalThe company would like to initiate the so-called time accounts because of the working Saturdays, but the unionists…
read moreCzech Rep does not want to contribute to scrapyards, carmakers should pay them instead
April 17, 2009 | 10:02pm CEToriginalThe State will only cover scrapyards liquidation of lapsed brands from the first registration fees of vehicles not meeting the emission standards…
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