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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

Daimler to invest hundreds of millions of euros in two locations in Europe

March 31, 2016 | 08:54pm CEToriginal
Countries and locations, the amount of investments, allocation to production and R&D, the models concerned, HR, an agreement with the unions, cost savings, timing, cooperation of factories...
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Jiri Kyncl left Automotive Industry Association

March 31, 2016 | 08:37pm CEToriginal
He worked in the Czech association of automakers, their suppliers and other entities for over 15 years. His next direction...
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Skoda Auto to enter joint venture of Volkswagen and SAIC in China

March 30, 2016 | 11:56pm CEToriginal
Possible relation to Dieselgate, the investment amount, timing, model expansion, the sales outlook for the Czech brand in the Middle Kingdom...
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Ford makes changes in production in Eastern Europe

March 30, 2016 | 11:43pm CEToriginal
They are related to two countries and two models. Related investments, the sales outlook of SUVs and AWD vehicles in Europe, analysis of IHS Automotive...
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A123 Systems to build factory in Europe, Czech Rep won

March 28, 2016 | 11:57pm CEToriginal
Location, reasons, capacity, products, timing, HR, cooperation with R&D centre in Germany, the assistance of CzechInvest, new orders for batteries, clients...
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Martin Jahn to lead Czech Automotive Industry Association for another two years

March 28, 2016 | 11:28pm CEToriginal
He was elected at the second attempt. The new director of the Secretariat became a lawyer. Changes in AutoSAP vice president posts...
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Skoda Auto further increased offer on wage growth

March 28, 2016 | 11:01pm CEToriginal
The automaker proposal, reaction of trade unions, an agreement in sub-paragraphs (a bonus for last year's results, contribution to the pension additional insurance), possible meeting with a mediator...
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Deloitte: Three quarters of automakers and suppliers in CEE to increase production by 2020

March 24, 2016 | 02:12am CEToriginal
The situation in the Czech Republic, the importance of Central Europe's 'Detroit', competitive advantages, threats, relocations of factories, country preferences for a new plant, HR, innovations, R&D, supplier-customer relations…
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Automotive Industry Association to enhance external communication

March 23, 2016 | 11:31pm CEToriginal
Czech association of vehicle manufacturers, their suppliers and other entities has chosen a PR agency. Its profile, the new Secretary of the AutoSAP...
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HE3DA found investor for production of li-ion batteries

March 22, 2016 | 11:57pm CEToriginal
Plant for production lines in the Czech Republic, licensed production of patented batteries worldwide, the investment amount, timing, HR, troubles of the co-owner with the law...
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Skoda Auto increased offer on wage growth

March 21, 2016 | 11:30pm CEToriginal
The reaction of the trade union, approaching an agreement only in specific points, the threat of strikes...
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Volkswagen gained more from LeasePlan sale than expected

March 21, 2016 | 11:16pm CEToriginal
Reasons, the completion of the transaction, the current profile of the largest lessor of cars in the world...
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Czech government approved guarantees for Nexen Tire factory

March 21, 2016 | 10:50pm CEToriginal
Now, the signing of a purchase agreement for the land will follow. Compensation to the Usti Region, timing, construction start...
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Skoda Auto reportedly planning first investment in China

March 21, 2016 | 03:08am CEToriginal
Reactions of the automaker, plans with partners, the volume and allocation of fund, the access to the joint venture, a plan of the Czech brand to increase sales in its biggest market...
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Prague transport company cancelled tender for dozens of buses

March 21, 2016 | 02:48am CEToriginal
Reasons, size of the contract, the complaint of one eliminated candidate at antitrust authority, the testing of electric buses and Metrobuses...
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Automakers in US agreed to introduce automatic braking

March 18, 2016 | 02:38am CEToriginal
The producers concerned, the timing for cars, vans and light trucks, accident statistics, criticism of the proponents of mandatory implementation of this technology...
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Skoda Auto operating profit in 2015 up by 12% with sales growth of 6.2%

March 17, 2016 | 11:55pm CEToriginal
Reasons, production, sales, profitability, investment, HR, the creation of reserves due to Dieselgate, partial application at Volkswagen...
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Kia made changes in marketing in Czech Rep

March 17, 2016 | 11:11pm CEToriginal
The importer merged two departments, promoted one manager, while another leaves. Declared reasons, timing...
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Kruger: BMW to slightly increase sales and profits in 2016

March 17, 2016 | 03:43am CEToriginal
Business and financial results in 2015, fleet emissions, M and i-models, financing, DriveNow, HR, market risks, the 100-year company anniversary, the strategy for 2020/2025...
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Renault-Nissan and Rostec appointed new head of AvtoVAZ

March 16, 2016 | 11:38pm CEToriginal
The manager and his current position, timing, optimism about the development of the Russian market...
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Mann+Hummel completed reorganization of top management

March 15, 2016 | 10:54pm CEToriginal
Seven-membered Board of Directors, Frank B. Jehle's departure, Manfred Wolf's move to a newly acquired business, new heads for Automotive OEM, Automotive Aftermarket and Industrial Filtration...
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Autobond grew at double-digit pace in 2015

March 15, 2016 | 10:38pm CEToriginal
Revenues, sales of new and used cars, the results of individual brands, Bond Auto+, extension of Bond Rent, changes in the dealer network, the plan for 2016, the 10th anniversary of the firm...
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Czech Rep bought dozens of Hyundai cars for road management and maintenance, some with all-wheel drive

March 15, 2016 | 10:26pm CEToriginal
Details of the contract, the number of cars, models and engines, the winning price including a service contract, widespread use...
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Dieselgate: Volkswagen's former employee in US accuses company of destroying scandal evidence

March 14, 2016 | 11:12pm CEToriginal
The automaker refused it. His name and former position, release date, circumstances...
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Smart Transport Robot: BMW began to use self-driving robots in logistics

March 14, 2016 | 03:38am CEToriginal
Location, supplier and its clients, characteristics and capabilities of autonomous robots, utilization of recycled BMW i3 batteries, expansion after pilot project, digitization of production...
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