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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
German scrappage programme boosts car sales of also Czech car dealers
March 10, 2009 | 06:47pm CEToriginalThe introduction of the scrappage subsidy in Germany is leaving some car dealers out of stock...
read moreTUV Sud replaced two managers in Czech Rep, forerunners to stay within group
March 10, 2009 | 06:05pm CEToriginalTesting and certifying company TUV Sud Auto CZ has replaced two of its managers. A new head of...
read moreContinental to produce new turbocharger for gasoline engines in Trutnov
March 9, 2009 | 09:09pm CEToriginalGerman automotive supplier Continental has introduced a new turbocharger system for internal gasoline engines which the company will start producing in...
read moreGENEVA: 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 CEToriginalNavigation device maker TomTom plans to expand to new markets this year and on the Czech and Slovak markets it expects to sell...
read moreKPMG: Automotive companies should not dismiss high-quality workers during crisis
March 7, 2009 | 08:19pm CEToriginalThe 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…
read moreGENEVA: Fisker to have 40 dealers in Europe, dealer network to be established by two distributors
March 7, 2009 | 05:50pm CEToriginalNew American carmaker Fisker Automotive set two distributors for Europe. The entrusted companies are…
read moreFisker Karma: American hybrid sedan to order in Europe for EUR 78,780
March 7, 2009 | 05:26pm CEToriginalNew American carmaker Fisker has already got 1,300 orders for its first model, production and supplies to the customers will start…
read moreGENEVA: Brilliance aims to boost its European sales to 6,000 units in 2009 after it receives EU homologation
March 6, 2009 | 08:25pm CEToriginalChinese carmaker Brilliance expects to markedly increase its European market share after it receives single-type of the EU approval in...
read moreStrict European standards draw away ingoing of Chinese carmaker BYD to Europe
March 5, 2009 | 11:19pm CEToriginalThe Chinese carmaker BYD is experiencing troubles with entering its vehicles to the European market. The cars might come into Europe in…
read moreGENEVA: Declined prices of new cars due to economic crisis interfere with Brilliance coming into Czech and Slovak markets
March 5, 2009 | 07:37pm CEToriginalInitiation of the Chinese cars Brilliance sales is drawing away. The situation has changed due to the economic crisis...
read moreGENEVA: DR Motor to launch sales in further EU countries including Czech Rep and Slovakia
March 5, 2009 | 06:36pm CEToriginalDR Motor aims to increase its European market share by launching sales of Chery-based products in...
read moreGENEVA: Kia's Slovak facility to modify production plan for 2009 by May
March 4, 2009 | 02:34pm CEToriginalKia Motors Slovakia to review its 170,000 production plan for 2009 following the...
read moreGENEVA: 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 CEToriginalKia introduced a concept of small MPV entitled No 3 which is an operational name. Production of the serial version will begin…
read moreThe Chamber of Deputies allowed deduction for passenger cars, 2009 sales possibly up by 15,000 units
March 4, 2009 | 02:58am CEToriginalOn Tuesday the Chamber of Deputies approved an amending act of Value Added Tax (VAT), which allows businessmen…
read moreVolkswagen Group to double sales in China to 2 milion cars by 2018
February 27, 2009 | 07:42pm CEToriginalVolkswagen Group China plans to double sales in China by 2018. Last year the group sold on the Chinese market...
read moreFiat to offer up to 4 models with LPG in 2009, supply of Ducato with CNG to that
February 26, 2009 | 09:27pm CEToriginalFiat 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…
read moreIncreased demand due to scrap bonus made Soda Auto produce on Fridays again
February 26, 2009 | 07:36pm CEToriginalSkoda Auto motor works will return to 5-day work week within production of most models. Yeti will be produced…
read moreAAA Auto and Sixt New Kopel to jointly sell used cars in Romania
February 26, 2009 | 05:49pm CEToriginalUsed 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...
read moreAudi to provide cars for the Karlovy Vary International Film Festival for the fourth time
February 25, 2009 | 08:57pm CEToriginalAudi will bring to Karlovy Vary Film Festival besides A6 and A8 limousines…
read moreEuropean carmakers call on EU to take crisis measures
February 25, 2009 | 08:42pm CEToriginalEuropean Automobile Manufacturers Association ACEA calls on EU to take steps to take measures to help the European automotive industry during the financial crisis...
read moreVolkswagen merged its plant and importer into one company in Russia
February 25, 2009 | 08:18pm CEToriginalGerman carmaker Volkswagen made structural changes in the management of its activities in Russia. Shares of each unit…
read moreUniCredit Leasing replaced GMAC in financing of Opel and Chevrolet in the Czech Rep and Slovakia
February 23, 2009 | 08:50pm CEToriginalCar 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...
read moreUniCredit Leasing dropped along with the market last year, interest shifted to non-lease financing
February 23, 2009 | 06:28pm CEToriginalUniCredit 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…
read moreCzech bus maker SOR Libchavy to invest CZK 40 million in 2009
February 23, 2009 | 05:24pm CEToriginalCzech bus manufacturer SOR Libchavy expects to invest CZK 40 million this year, possibly hire further employees...
read moreCSOB Leasing to intensify cooperation with Hyundai, financed one third of sold cars in 2008
February 20, 2009 | 09:17pm CEToriginalLeasing company CSOB Leasing wishes to offer the branded car and dealer financing to other carmakers…
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