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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

German scrappage programme boosts car sales of also Czech car dealers

March 10, 2009 | 06:47pm CEToriginal
The introduction of the scrappage subsidy in Germany is leaving some car dealers out of stock...
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TUV Sud replaced two managers in Czech Rep, forerunners to stay within group

March 10, 2009 | 06:05pm CEToriginal
Testing and certifying company TUV Sud Auto CZ has replaced two of its managers. A new head of...
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Continental to produce new turbocharger for gasoline engines in Trutnov

March 9, 2009 | 09:09pm CEToriginal
German automotive supplier Continental has introduced a new turbocharger system for internal gasoline engines which the company will start producing in...
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GENEVA: TomTom targets sale of up to 220,000 units in Czech Rep and Slovakia in 2009, plans to enter new markets

March 9, 2009 | 08:28pm CEToriginal
Navigation device maker TomTom plans to expand to new markets this year and on the Czech and Slovak markets it expects to sell...
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KPMG: Automotive companies should not dismiss high-quality workers during crisis

March 7, 2009 | 08:19pm CEToriginal
The automotive sector in CEE will tighten its belt as a result of the global economic crisis, but it will survive. However, the companies should keep…
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GENEVA: Fisker to have 40 dealers in Europe, dealer network to be established by two distributors

March 7, 2009 | 05:50pm CEToriginal
New American carmaker Fisker Automotive set two distributors for Europe. The entrusted companies are…
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Fisker Karma: American hybrid sedan to order in Europe for EUR 78,780

March 7, 2009 | 05:26pm CEToriginal
New American carmaker Fisker has already got 1,300 orders for its first model, production and supplies to the customers will start…
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GENEVA: Brilliance aims to boost its European sales to 6,000 units in 2009 after it receives EU homologation

March 6, 2009 | 08:25pm CEToriginal
Chinese carmaker Brilliance expects to markedly increase its European market share after it receives single-type of the EU approval in...
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Strict European standards draw away ingoing of Chinese carmaker BYD to Europe

March 5, 2009 | 11:19pm CEToriginal
The Chinese carmaker BYD is experiencing troubles with entering its vehicles to the European market. The cars might come into Europe in…
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GENEVA: Declined prices of new cars due to economic crisis interfere with Brilliance coming into Czech and Slovak markets

March 5, 2009 | 07:37pm CEToriginal
Initiation of the Chinese cars Brilliance sales is drawing away. The situation has changed due to the economic crisis...
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GENEVA: DR Motor to launch sales in further EU countries including Czech Rep and Slovakia

March 5, 2009 | 06:36pm CEToriginal
DR Motor aims to increase its European market share by launching sales of Chery-based products in...
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GENEVA: Kia's Slovak facility to modify production plan for 2009 by May

March 4, 2009 | 02:34pm CEToriginal
Kia Motors Slovakia to review its 170,000 production plan for 2009 following the...
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GENEVA: Nosovice: Production of Hyundai i30 with start-stop system to begin in summer, compact MPV Kia No 3 in autumn

March 4, 2009 | 12:15pm CEToriginal
Kia introduced a concept of small MPV entitled No 3 which is an operational name. Production of the serial version will begin…
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The Chamber of Deputies allowed deduction for passenger cars, 2009 sales possibly up by 15,000 units

March 4, 2009 | 02:58am CEToriginal
On Tuesday the Chamber of Deputies approved an amending act of Value Added Tax (VAT), which allows businessmen…
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Volkswagen Group to double sales in China to 2 milion cars by 2018

February 27, 2009 | 07:42pm CEToriginal
Volkswagen Group China plans to double sales in China by 2018. Last year the group sold on the Chinese market...
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Fiat to offer up to 4 models with LPG in 2009, supply of Ducato with CNG to that

February 26, 2009 | 09:27pm CEToriginal
Fiat will widen its involvement in alternative drives in the Czech Rep and Slovakia. It will offer at least three models with LPG on both markets…
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Increased demand due to scrap bonus made Soda Auto produce on Fridays again

February 26, 2009 | 07:36pm CEToriginal
Skoda Auto motor works will return to 5-day work week within production of most models. Yeti will be produced…
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AAA Auto and Sixt New Kopel to jointly sell used cars in Romania

February 26, 2009 | 05:49pm CEToriginal
Used car dealer AAA Auto signed a joint venture agreement with Romania's Sixt New Kopel to sell used cars under a common brand in Romania...
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Audi to provide cars for the Karlovy Vary International Film Festival for the fourth time

February 25, 2009 | 08:57pm CEToriginal
Audi will bring to Karlovy Vary Film Festival besides A6 and A8 limousines…
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European carmakers call on EU to take crisis measures

February 25, 2009 | 08:42pm CEToriginal
European Automobile Manufacturers Association ACEA calls on EU to take steps to take measures to help the European automotive industry during the financial crisis...
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Volkswagen merged its plant and importer into one company in Russia

February 25, 2009 | 08:18pm CEToriginal
German carmaker Volkswagen made structural changes in the management of its activities in Russia. Shares of each unit…
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UniCredit Leasing replaced GMAC in financing of Opel and Chevrolet in the Czech Rep and Slovakia

February 23, 2009 | 08:50pm CEToriginal
Car and dealer financing of the Opel and Chevrolet brands in the Czech Republic and Slovakia has become the responsibility of an external company. The contract length...
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UniCredit Leasing dropped along with the market last year, interest shifted to non-lease financing

February 23, 2009 | 06:28pm CEToriginal
UniCredit Leasing signed 23,932 contracts in the Czech Rep last year in volume of CZK 14.51 billion which represents decline according to year-to-year statistics…
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Czech bus maker SOR Libchavy to invest CZK 40 million in 2009

February 23, 2009 | 05:24pm CEToriginal
Czech bus manufacturer SOR Libchavy expects to invest CZK 40 million this year, possibly hire further employees...
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CSOB Leasing to intensify cooperation with Hyundai, financed one third of sold cars in 2008

February 20, 2009 | 09:17pm CEToriginal
Leasing company CSOB Leasing wishes to offer the branded car and dealer financing to other carmakers…
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