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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
CSU: Motor vehicles production contributed to the y/y industrial production decline the most
April 14, 2009 | 04:37pm CEToriginalScrap bonus in Germany and Slovakia should according to analysts reflect in industrial production by...
read moreNY Times: Ministry of Finance ordered General Motors to prepare for bankruptcy
April 14, 2009 | 03:46pm CEToriginalA newly established company would then buy “good” property of General Motors according to the plan. Less desired property would…
read moreTopolanek not to initiate scrap bonus program this year, Paroubek insists on autumn term
April 14, 2009 | 01:25pm CEToriginalThe scrap bonus introduction in the Czech Republic as of September 1 or October 1 would be a new impulse for domestic carmakers which…
read moreSouth Korea to help the local automotive industry by USD 377 million
April 14, 2009 | 12:41pm CEToriginalThe government aims to encourage the field of research and development particularly. A part of the support should also be...
read moreSkoda cars produced from May to have repair set instead of spare wheel in equipment
April 14, 2009 | 12:15pm CEToriginalThis change will come with a model year 2010. Next year, Skoda Auto aims to extensively modernize its model...
read moreAAA Auto intends to make Auto Diskont more visible
April 9, 2009 | 04:27pm CEToriginalIn terms of economy measures, Auto Diskont has withdrawn from Slovakia. The company is currently operating in Prague and Brno only, where the monthly sales come up to…
read moreMcKinsey & Company: CO2 emissions from passenger vehicles could be reduced by a half in 2030
April 8, 2009 | 11:17pm CEToriginalMcKinsey & Company consultants estimate that greenhouse gas emissions could be cut by 47% in 2030 if...
read morePorsche Inter Auto: Car sales to rise about 6% in Czech Rep in 2009
April 8, 2009 | 06:50pm CEToriginalReason of the growth will be the new car centres that are to be opened this year. In 2010, Porsche Inter Auto expects the sales in the Czech Republic...
read morePwC: 2009 to mark lowest global car output since 2001
April 8, 2009 | 06:38pm CEToriginalPricewaterhouseCoopers analysts forecast the global car production in 2009 to drop to 54.9 million units and in the Czech Republic to...
read moreEIB approved further EUR 866 million loans to EU carmakers
April 8, 2009 | 12:34pm CEToriginalThe European Investment Bank has approved EUR 866 million for EU carmakers to help develop and build cleaner cars...
read morePorsche Inter Auto: Prague sales complex in Prosek to expand by Skoda and Porsche car centres
April 7, 2009 | 03:53pm CEToriginalRequirement of larger showroom and service facilities of Porsche grew along with rising offer of this Germany carmaker’s models. This year it will be...
read moreAuto-Exner began selling Aston Martin cars in the Czech Rep; showroom has been opened in Prague 9
April 6, 2009 | 08:09pm CEToriginalThe Auto-Exner company gained a dealership of Anton Martin cars, after luxury brands Bentley and Lamborghini; this year the company plans to sell…
read moreTesco to provide stores in bigger cities' centres by CNG vans
April 3, 2009 | 08:05pm CEToriginalFirst three Iveco Daily CNG vans began supplying stores in Prague, Brno to come later. Tesco aims to buy another…
read moreFiat Group changed its organization structure, vertical management to complete horizontal
April 3, 2009 | 04:38pm CEToriginalPosition of Fiat CR and Fiat SR general manager has been filled after two years again, it is going to be executed by a country manager of the brand Fiat passenger cars…
read moreBosch does not intend to reduce staff in Jihlava and Ceske Budejovice in 2009, implements other measures
April 3, 2009 | 12:36am CEToriginalBosch has lowered number of employees in the Czech facilities by 800 due to the crisis in 2008. In 2009, the company is moving on a different production model…
read moreZDB Group increased number of car wrecks intended for disposal by half to 1,600 units last year
April 2, 2009 | 08:13pm CEToriginalZDB Group is an authorized processor of Volkswagen Group vehicles in Moravia-Silesia region; the company has established a co-operation with…
read moreCzech Bosch plants’ turnover decreased by 0.6% in 2008, however, the Group’s sale increased by 1.5% in the Czech Rep
April 2, 2009 | 07:32pm CEToriginalThe most part of the turnover falls on car component plants in Jihlava and Ceske Budejovice, the volume of contracts decreased by...
read moreEuropean Parliament calls for energy labels for tyres
April 2, 2009 | 12:36am CEToriginalEuropean Union tyre labels will show fuel-efficiency, safety and noise performance...
read moreVokswagen opens new plant in Indian Pune, production of Skoda Fabia to start in May
March 31, 2009 | 05:49pm CEToriginalVolkswagen today opened a EUR 580 million new plant in Pune, India where it plans to produce Skoda Fabia and later...
read moreHyundai ix-onic: Tucson’s successor to start produce as Hyundai ix35 in Zilina in 2010
March 30, 2009 | 07:29pm CEToriginalThe car will be equipped with a start-stop system, double clutch transmission and all-new 4-cylinder petrol…
read moreSkoda Auto plans to build plant in Vietnam, but only with a local partner
March 30, 2009 | 07:02pm CEToriginalCzech carmaker Skoda Auto, part of Volkswagen Group, continues its negotiations regarding the entry into the Vietnamese market...
read moreAAA Auto: Our scrap bonus proved good in Slovakia, we will offer it in Czech Rep too
March 30, 2009 | 06:40pm CEToriginalUsed car dealer AAA Auto has started to buy the car wrecks back, a great interest in its own scrap bonus forces the company to…
read moreDenny: AAA Auto expansion to Russia put off for one year
March 28, 2009 | 10:04am CEToriginalAAA Auto has suspended cooperation with PricewaterCoopers concerning the entry on the Russian market. The car centre in Moscow will be opened not before…
read moreSkoda to embark on more African markets, to start car sales in Hong Kong too
March 27, 2009 | 07:30pm CEToriginalSkoda wishes to double the dealer network on its new market in Australia by the end of 2009. Over the first year of activity, the company sold there...
read moreAAA Auto closed five branches in Q1, to open ‘baby bazar’ in Liberec in May
March 27, 2009 | 07:09pm CEToriginalAAA Auto intends to enter the year 2010 with 30 branches. Opening of the new branches is realistic not before H2 2010 in the cities…
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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
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Chassix wants to build plant in Eastern Europe
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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
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