This week sees the end of production at the Miskin plant of the German automobile components manufacturer Bosch in South Wales as work is transferred to the company's plant Hungary where labor costs are lower.
This week sees the end of production at the Miskin plant of the German automobile components manufacturer Bosch in South Wales as work is transferred to the company's plant Hungary where labor costs are lower.
New car registration in Hungary grew by 12.1% year on year in May 2011, Datahouse statistics showed on Wednesday. Some analysts suggest that the new buyers may be those well-paid who are favored by new flat-rate income tax.
Hungary’s vehicle market has been stagnating for two months now and just like in March, new passenger car registrations have hardly changes in April compared to the same month of 2010, the latest figures of Datahouse showed on Monday.
Construction work of a new Opel engine factory began this Tuesday with the laying of the foundation stone in the southwestern Hungarian town of Szentgotthárd. The new plant will manufacture engines of the latest technology.
““A lot has changed in the past three years since Diplomacy and Trade visited Hankook” says Sang Il Lee, managing director of Hankook Tire Hungary ltd. He proudly states that in 2010, the company exceeded the original target by over 10%.
South Korea's HYUNDAI is now the world’s 5th largest car manufacturer. Zoltán Markó, the managing director of Hyundai Holding Hungary Ltd. proudly claims that 2010 was a good year for the brand, selling over 3.6 million vehicles globally.
The website of Antro, a revolutionary Hungarian car design company, is more and more popular since Time magazine listed the company's super-light electric vehicle as one of the 50 best inventions of 2010, the weekly Heti Válasz says.
Some would say mass manufacturing was born in Hungary, for if was József Galamb who not only created Ford's Model T, or "Tin Lizzie" but was elemental in introducing the conveyor belt to production lines. Galamb was born 130 years ago.
As with all origin legends, this is the truth about the conveyor belt, the mass manifacturing and Tin Lizzie. All in all, the flagship innovations of the modern time civilization derive from of one single basis: they all have Hungarian origin. Yesterday was the 130th birth anniversary of the father of these innovations.
German carmaker Audi will invest up to EUR 900 million to extend its production site in Hungary, creating 1,800 new jobs, Audi Chairman of the Board of Management Rupert Stadler and Hungarian Prime Minister Viktor Orbán announced at a press conference recently.
Higher volume production of car engines, transmission units and tires, EUR hundreds of millions of investments and thousands of jobs – three foreign companies, already based in Hungary, have announced the increase of their capacities.
Hungarians may have to replace their cars en masse in a couple of years as more than three million aged cars roam the roads of Hungary. The latest Ernst & Young regional car industry report also suggests that the number of cars per capita in Hungary...
