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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
Labor inspectorate to verify compliance of labour-law regulations in Brano
April 17, 2009 | 06:13pm CEToriginalThe information published in the local paper which have been contested by Brano Group head Pavel Juricek state about the alleged bullying, irregular...
read moreEuWe Eugen Wexler to start production in Rokycany in next hall at the beginning of May
April 17, 2009 | 05:02pm CEToriginalThe new hall cost CZK 200 million. EuWe will produce there parts for the all-new…
read moreReinhard Fleger to be new member of Skoda Auto Board as of June
April 17, 2009 | 03:54pm CEToriginalReinhard Fleger is now working as a Board member for finance and sale of the Volkswagen de Mexico company. He will take charge of the field...
read moreDeputy of MF Janota and senator Janackova disagree with scrap bonus in Czech Rep
April 17, 2009 | 02:10pm CEToriginalThe scrap bonus in the Czech Republic will not earn much. Advantage is that even the scrap bonus introduced in other countries has positive effects on the Czech Republic…
read moreAvia to produce small bus together with Czech firm Kars
April 17, 2009 | 11:05am CEToriginalIt is not clear yet whose logo the buses will carry. Avia will be responsible for sales in the Czech Republic. Kars has unfinished deliveries to…
read moreSwiss insurance company Zurich to buy car insurance division from AIG
April 16, 2009 | 11:34pm CEToriginalThe agreement is the biggest sale of AIG assets since September, when the company received government’s financial assistance for its rescue. Zurich will pay for the division…
read moreOpel might continue operations even in case of General Motors bankruptcy
April 16, 2009 | 11:19pm CEToriginalThe German carmaker Opel has reputedly agreed with GM on returning…
read moreSkoda Auto unions: New factory building in India is expensive mistake
April 16, 2009 | 10:49pm CEToriginalPlanned production of the Fabia model in new Indian plant of VW Group, based in Pune will be unprofitable. Cars from current Indian plant in Aurangabad…
read moreUK plans to provide grants for electric and hybrid cars purchasing by 2011
April 16, 2009 | 10:15pm CEToriginalBritish motorists who buy electric vehicles might receive from the Government as of 2011 up to...
read moreHorst Muhl left the post of Skoda Auto Board member for production and logistics
April 16, 2009 | 09:23pm CEToriginalThe carmaker is now looking for his successor. Muhl left at the end of March, because of...
read moreGeneral Motors reputedly considering sale of Pontiac and GMC brands
April 16, 2009 | 06:53pm CEToriginalGM plans to sell or close the Hummer, Saab and Saturn brands. On the other hand, particular brands should probably be secure…
read moreLossmaker Saab in interest of 27 investors
April 16, 2009 | 04:57pm CEToriginalUnprofitable Swedish carmaker Saab, which belongs to the US concern General Motors, has signed with 27 eventual buyers…
read moreCarmakers were not saved by scrap bonus, new passenger car sales in Europe fell by 9% in March
April 16, 2009 | 04:36pm CEToriginalDespite, sales in March increased by almost 40% in Germany, the biggest economy of Europe, in other EU member states…
read moreConcept of scrap bonus initiation in Czech Rep plans for CZK 1,000 bail
April 16, 2009 | 12:45pm CEToriginalAccording to HN, there would be about CZK 2.5 billion in the Czech system, the money would amount…
read moreGroup of investors headed by Black Oak Partners interested in GM´s brand Saturn
April 16, 2009 | 12:02pm CEToriginalA new distribution company of Saturn cars to be established would first take the cars from General Motors, later on also…
read moreSlovakia does not negate the third round of scrap bonus this autumn
April 15, 2009 | 10:24pm CEToriginalThe scrap bonus self-financing has been confirmed in the first two rounds in Slovakia. Collected VAT exceeded the paid subsidies by...
read moreLesy CR bought cars without opened tender for the first time
April 15, 2009 | 09:09pm CEToriginalIn February, the company bought seven Audi cars from Import Volkswagen Group with a discount of 30%. Car purchase will be verified by…
read moreSkoda sold 19,248 cars in China in Q1, up 18.7% y/y
April 15, 2009 | 08:56pm CEToriginalVolkswagen Group China has revised its production plan for this year by 50,000 units more after the carmaker registered in Q1 a growth in sales of...
read moreToyota opened new headquarters for Czech Rep and Slovakia in Prague
April 15, 2009 | 05:25pm CEToriginalA new administration building for more than CZK 300 million has been occupied by…
read moreCeska rafinerska began planned refinery lay-off in Kralupy
April 15, 2009 | 03:12pm CEToriginalMaintenance and repair checks will be carried out during the lay-off. Simultaneously, there are 31 investment operations under way in Kralupy...
read morePlanned Fiat-Chrysler partnership is at risk because of US trade unions approach
April 15, 2009 | 01:50pm CEToriginalFiat CEO Sergio Marchionne sees the chances of a partnership of the two carmakers…
read moreHalf of 5,100 workers of Jihlava-based plant of Bosch to stay at home this week
April 15, 2009 | 08:45am CEToriginalThe reason is a shortage of commissions of the company manufacturing the injection system components for diesel engines. The remaining production sections…
read moreThe second round of scrap bonus ended in Slovakia on Tuesday evening
April 15, 2009 | 01:32am CEToriginalIn the second round of scrap bonus in Slovakia, motorists delivered the same amount of jalopies for half time as in the first round. Next round...
read moreSaab to dismiss 700 employees instead of 750 originally under consideration
April 14, 2009 | 06:04pm CEToriginalThere will be 646 employees in production and 55 clerical positions concerned. These employees will be dismissed as of…
read moreShell moves investments from Europe and Africa, and is together with Chinese partners interested in Iraq
April 14, 2009 | 05:46pm CEToriginalOil giant Royal Dutch Shell is also poised to strengthen its operation in the retail and refineries in...
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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)...
Car Importers Association (SDA), Statistics Austria (Bundesanstalt Statistik Österreich):...
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ZAP: Spain was top country in productivity per employee in Europe in 2023 (13.4 vehicles...
Decotek Automotive (manufacturer of decorative car exterior trim components with 320...
e-Salon 2023: Police of Czech Republic shelved case when visitor (16 years old) of clean...
New brands (mainly Chinese) entering Czech market (2023: MG 150 g/km, +1 g/km y/y; Alpine...
Jahn: Škoda Auto could have sold more vehicles in 2023 (866,800 cars delivered to...
SDA: Vehicle fleet in Czechia up by 234,280 units (+2.68%) to 8.98 million in 2023...
Capgemini Engineering (formerly Altran Technologies) sold Czech branch (Altran CZ...
Porsche Classic: After relocation of Bentley and Lamborghini dealerships in Prague...
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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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Source: ECB, December 24, 2024