In 2014, the world’s largest car engine producer, the Hungary-based plant of German carmaker Audi, produced the biggest number of engines to date and the number of cars rolling out of the factory was the triple of the 2013 figure. The headcount has grown further.
The Hungarian unit of Japanese carmaker Suzuki Motor Corp returns to two-shift production this December from one shift, CEO Ryoichi Oura has announced, adding that the serial production of the new Vitara model will be launched in January next year.
The number of new car registrations continued to rise in Hungary by 18% year on year in September. The favorable picture is slightly overshadowed by the fact that the market remains driven by company purchases and re-export, and not private buyers.
Microsoft Corp announced on Thursday that it plans a "phased exit" from the town of Komárom, W of Budapest, where Nokia employs 1,800 people. The Hungarian arm of German carmaker Audi said they might be able to help those that will be laid off.
German car-maker Audi is to introduce a three-shift operation in the middle of August, this year at its plant in Gyõr, Northwest Hungary. The company says the reason for the change is growing demand for its premium models, especially the TT and the TTS Coupé.
Hungary’s vehicle manufacturing industry produced some EUR 18 bn last year, which amount constitutes 18% of the total Hungarian manufacturing industry output, 10% of Hungary’s GDP and 18% of total Hungarian exports.
Hungarian automotive group Rába has concluded an agreement with Germany’s Kirchhoff Group, It will supply components for western European passenger cars, generating annual sales revenues of HUF 500 million (EUR 1.66 million).
The BMW Group has been in contact with over 200 suppliers in Hungary and currently, it purchases different components directly from 54 active partners in the value of about EUR one billion. These companies employ in Hungary a total of appr. 10,000 people.
This November will see two automotive exhibitions in Budapest: the traditional ‘Autótechnika’ (of automobile service and maintenance) and the new ‘Automotive Hungary’ that covers manufacturing and the affiliated fields in Hungary.
“There is no better proof of Peugeot’s imperturbability than that a small French firm, started more than 200 years ago, has grown to be a global concern,” the Managing Director (MD) of Peugeot Hungária, Gábor György Kutas points out to Diplomacy & Trade.
Germany's ThyssenKrupp concern inaugurated a new plant in Gyõr, Northwest Hungary, which was completed with an investment of HUF 1.2 billion (EUR 4 million). Vehicle manufacturing, especially German companies, plays a key role in Hungary industry.
Sales by Mercedes-Benz Manufacturing Hungary Ltd. were close to EUR one billion in its first partial year of production. According to company court data, only a fraction, EUR 2.5 million, was realized from the Hungarian market.
Germany's Knorr-Bremse Group, the world’s leading manufacturer for braking systems for rail and commercial vehicles, has laid the foundation stone of a new manufacturing and development base in Kecskemét, east-central Hungary.
Japanese car parts maker TS Tech Co. Ltd. is setting up a plant in Százhalombatta, south of the Hungarian capital, Budapest. The Hungarian subsidiary, TS Tech Hungary Ltd., is to be established with a capital of EUR 3 million.
German car manufacturer Opel is expanding its engine factory in Szentgotthárd, southwestern Hungary. The project is worth EUR 130 million, which will create 160 new jobs and increase production space by 1600 square meters.
