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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

Dieselgate: Volkswagen to reduce annual capital expenditures by EUR 1 billion

November 22, 2015 | 11:24pm CEToriginal
Suspended investments in Europe and America, the delay of some new models, increased spending on alternative drives, development of the MEB platform...
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Getrag wants to expand production in Slovakia

November 19, 2015 | 11:43pm CEToriginal
An increase in the capacity of Kechnec plant, the amount of investment, HR, timing, state aid, cuts of hundreds of jobs in recent years...
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Analysts: Volkswagen to reduce annual capital expenditures by 10%

November 19, 2015 | 11:33pm CEToriginal
The first cuts in investment in plants, equipment and models since the financial crisis, timing, likely weakening of the influence of the works council...
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National Action Plan for Clean Mobility: Czech government to approve low-emission transport development strategy

November 18, 2015 | 11:01pm CEToriginal
Timing, promotion of alternative drives (BEV, PHEV, CNG, LNG, FCEV), infrastructure development, types of aid, budgets, NAP CM financing, goals for 2020, prediction of CPS and Roland Berger...
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Volkswagen wants to strengthen field of conversion, special adjustment of commercial vehicles in Czech Rep

November 18, 2015 | 12:29am CEToriginal
The newly created position at Porsche Czech Republic, certification of conversion firms, current partners, new unique product in the segment, sales...
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Toyota to invest USD 1 billion in Artificial Intelligence

November 18, 2015 | 12:13am CEToriginal
The establishment of a new company, site of the R&D centre, development of autonomous vehicles, a test car, the need for mobility for seniors and disabled people...
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Volkswagen changed Supervisory Board of Skoda Auto

November 15, 2015 | 10:19pm CEToriginal
The reason is the departure of Christian Klingler and Martin Winterkorn from the Group. Their successors...
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Swell to expand its R&D centre

November 13, 2015 | 02:39am CEToriginal
The scale of investment, the relevant sections, relocation of one facility, investment plan for the next three years, HR, tenders for a number of positions, the new ownership structure...
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Audi Sport: Audi introduced new concept of sports models sales

November 12, 2015 | 11:47pm CEToriginal
Certification of selected dealers, standards, current and future offer of RS models, situation in the Czech Rep, the new Audi R8...
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One3D: New company specializing in 3D printing of plastic and metal car parts established in Czech Rep

November 11, 2015 | 11:57pm CEToriginal
Investors, services in the field of additive manufacturing and rapid prototyping, clients and partners, website, entry into the Moravian-Silesian Automotive Cluster...
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Yanfeng Automotive Interiors commenced operations, European activities to be managed from Germany and Slovakia

November 11, 2015 | 11:47pm CEToriginal
Global headquarters, growth plan, CEO, products and clients, HR, R&D, website, profile of the Czech plant, investment incentives...
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Ford to suspend production in Russia

November 11, 2015 | 11:30pm CEToriginal
The affected plants and models, timing, HR, program of voluntary departures, engine production start, Ford's sales in the country, dominating the joint venture Ford Sollers...
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Musk: Tesla might launch production in China by 2017

November 11, 2015 | 11:20pm CEToriginal
Sales in the Chinese market, lowering the car prices, HR, upcoming models, the giant factory for battery production...
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First FordStore showroom opened in Czech Rep

November 11, 2015 | 02:59am CEToriginal
Location, dealer and his dwindling number of branches, planned number of flagship showrooms in Europe and the Czech Republic, the standards for Ford Store and Vignale, exclusive sales of certain models...
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Volkswagen gained significant engineer from Apple

November 10, 2015 | 11:55pm CEToriginal
He has extensive experience from Daimler and the development of an autonomous vehicle. Volkswagen appointed him to lead a new department...
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Dieselgate: Volkswagen management and unions to develop joint plan of spending cuts

November 9, 2015 | 11:57pm CEToriginal
They want to manage it until the next Supervisory Board meeting. Reducing tensions following the announcement of Herbert Diess...
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Topolova: AAA Auto wants to achieve same density of car centres in all countries as in Czech Rep

November 9, 2015 | 11:14pm CEToriginal
Expansion in Central Europe, rising import of elderly used cars, price growth in Germany, the company exports to Western Europe, the complications of re-registrations, cooperation with celebrities...
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Czech Post to expand fleet with hundreds of Peugeot vans

November 9, 2015 | 12:08am CEToriginal
Supplier, exercise of an option from a previous contract, models and the number of vehicles, colour change, rising postal fleet with the lion badge, record year for the LCV division of Peugeot in the Czech Republic...
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Chief Designer Walter Maria de Silva to leave Volkswagen

November 8, 2015 | 11:55pm CEToriginal
However, he will still work for the carmaker as a consultant. The reasons and circumstances, timing, successor...
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New Seat dealership opened in Czech Rep

November 8, 2015 | 11:28pm CEToriginal
Location, dealer and his other activities, the parameters of the largest showroom in the country, HR, car wash with a capacity of 80 vehicles/hour...
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KSPG to increase production in Czech Rep

November 6, 2015 | 12:28am CEToriginal
Opening of a new plant, expansion of an existing plant with a new hall, details on investments (sites, HR, timing, products), synergies, expected revenues in 2015...
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Genesis: Hyundai to enter premium segment with single brand

November 5, 2015 | 11:49pm CEToriginal
The first models, product roadmap until 2020, alphanumeric markings, expansion in different markets, the arrival of a designer from competing carmaker...
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Simoldes to expand production in Central Europe

November 5, 2015 | 11:36pm CEToriginal
A new plant in the Czech Republic (location, investment, HR, timing, recruitment partner), products and clients, a profile of the Polish factory supplying to the Czech Republic...
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AAA Auto appointed new HR director

November 5, 2015 | 11:22pm CEToriginal
He will be responsible for personnel affairs of the company in all markets covered. Details...
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Jaguar Land Rover looking for new suppliers, also in Czech Rep

November 4, 2015 | 11:46pm CEToriginal
Contract meetings, intermediaries, participation of not only Czech companies, contracts not only for the models produced in the upcoming plant in Slovakia, demanded parts...
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