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Automotive sector

12 hits

Reliability and Predictability

Sándor Laczkó
Jun 4, 2022

Porsche Hungaria Trading Co. Ltd. has a special, distinguished role in the domestic automotive distribution as it has been the market leader since its establishment three decades ago. Since January 2021, its CEO has been Balázs Németh, an experienced crisis manager who has spent almost his entire professional career at the company. After graduating from […]

Nissho Takes Manufacturing to the Next Level

D&T
May 26, 2022

The inauguration of Nissho Hungary Precíziós [‘Precision’] Ltd.’s new plant in Újhartyán, SE of Budapest, is an important milestone for the Japanese-owned company that manufactures secondary processed products made of film and adhesive tape and optical film primarily for automotive electric components. The EUR 10 million investment, 35% of which is covered by Hungarian taxpayers […]

Profit Warning by RÁBA Automotive Holding Plc.

D&T
Apr 21, 2022

RÁBA Plc. has informed its shareholders and the participants of the capital markets on the website of the Budapest Stock Exchange that based on the preliminary assessment of the unaudited information currently available in the course of the reporting for Q1 of 2022, it is deemed that the quarterly consolidated operating profit of the Rába […]

Autoliv: Strategic Partnership with the Government

D&T
Jan 20, 2022

A strategic cooperation agreement has been concluded by the Hungarian government and Autoliv Kft., the Hungarian subsidiary of the largest passive safety product manufacturing group in the world, the Hungarian Investment Promotion Agency reports. Autoliv, a business that was founded in Stockholm, Sweden nearly seventy years ago, develops, produces and distributes airbags, safety belts, steering […]

Enormous 2021 Sales Records at AutoWallis

D&T
Jan 18, 2022

In line with its strategic plans, AutoWallis sales set new records in all areas in 2021. The Group is present in 14 countries in the region and tripled its figures from the previous year, selling more than 25,000 vehicles last year. Within this figure, the sales of the Retail & Services Business Unit more than […]

AutoWallis’s Momentum Continues

D&T
Dec 3, 2021

AutoWallis has reported strong results for the past nine months: the EBITDA of the corporation exceeded HUF 5.7 billion, meaning that the listed automotive company is likely to surpass its yearly plan of HUF 5.5-6.2 billion. The Group generated a revenue of HUF 145.4 billion in the first nine months of the year, with its […]

New Hanon Systems Plant in Pécs

D&T
Sep 16, 2021

Hanon Systems, one of the world's largest automotive air conditioning suppliers, has set up a new plant in Pécs as part of a greenfield investment. The new manufacturing facility increases production capacity for fluid transport products. The volume of the development is almost EUR 36 million, over 20% of whcih is borne by Hungarian taxpayers […]

Used Cars Substantially More Expensive in Hungary

D&T
Jul 20, 2021

The need for own cars and independent mobility is becoming more and more important in Hungary, and this is reflected not only in the growing interest in new cars, but also - and especially - in used cars. Growing demand and the rising cost of replacing cars on the market have also led to a […]

Flexible Solutions for Lease Clients

Sándor Laczkó
Jul 14, 2021

As one of Hungary's leading fleet management companies, LeasePlan Hungária's leasing activities cover the entire lifecycle of a car, from purchase, financing and operation to full service, taking the burden of car management off its customers. The company has recently organized a webinar with an overview of the automotive industry. The CEO of LeasePlan Hungária […]

Porsche Hungária Innovation and Education Center

D&T
Jul 13, 2021

The vehicle importer Porsche Hungária is to establish an Innovation and Education Center with an investment of HUF 2 billion. The cornerstone laying ceremony took place next to the company's Budaörs component center outside the Hungarian capital. At the event, László Mosóczi, Minister of State for Transport Policy at the Ministry of Innovation and Technology […]

Ford Inaugurates its First European Regional Parts Center

D&T
Apr 13, 2021

The High Velocity Center inaugurated by the Ford Motor Company, extending over a surface of 10,000 square meters in Biatorbágy, just SW of Budapest, will function as a distribution hub for supplying spare parts for the car dealers and service centers of the brand in 15 Central and Eastern European countries. Thanks to the investment, […]

COVID-19 & Industrial Production

D&T
Jun 30, 2020

Reduced output in March and May in the automotive sector could change the typical activity curve in 2020, with busier summer months ahead to make up for lost time. Colliers International has just launched its recent research piece ‘COVID-19 & Industrial Production – The Spring Relevance” where it discusses the importance of particular months for […]

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