Automotive sector - Diplomacy & Trade https://dteurope.com Monthly in print | Daily on the web Sun, 09 Jul 2023 12:32:02 +0000 en-US hourly 1 https://wordpress.org/?v=6.9.4 https://dteurope.com/wp-content/uploads/cropped-dt_favicon-32x32.png Automotive sector - Diplomacy & Trade https://dteurope.com 32 32 AutoWallis, the Hungarian Importers for Renault https://dteurope.com/news/autowallis-the-hungarian-importers-for-renault/ Wed, 05 Oct 2022 14:18:00 +0000 https://dteurope.com/?p=56557 The acquisition of Renault Hungária has been completed, as part of which the company established by the AutoWallis and Salvador Caetano Groups has gained the exclusive Hungarian import rights for the Renault, Dacia, and Alpine brands. According to a statement published on the website of the Budapest Stock Exchange, AutoWallis plans to continue strengthening Renault […]

The post AutoWallis, the Hungarian Importers for Renault appeared first on Diplomacy & Trade.

]]> AutoWallis Opens to Online Sales and Austria https://dteurope.com/news/autowallis-opens-to-online-sales-and-austria/ Wed, 21 Sep 2022 11:32:14 +0000 https://dteurope.com/?p=55908 AutoWallis Group is opening up to online sales and the western region, the car company may acquire the company operating the JóAutók.hu and Autó-Licit.hu portals, and will enter the Austrian market with its SsangYong wholesale business, the CEO of AutoWallis Group said at a background meeting in Budapest on Wednesday. Gábor Ormosy said that the […]

The post AutoWallis Opens to Online Sales and Austria appeared first on Diplomacy & Trade.

]]> Motor-Classic in Tatabánya Builds New Production Hall https://dteurope.com/news/motor-classic-in-tatabanya-builds-new-production-hall/ Tue, 20 Sep 2022 12:51:00 +0000 https://dteurope.com/?p=55886 Tatabánya-based Motor-Classic Plc., a manufacturer of precision metal parts and restoration of veteran cars, is expanding its plant with a new production hall and a modern machining center. According to marketing director Viktor Tamás, the company is expanding its 5,000-square-meter production area with a new 2,000-square-meter hall, which will house a five-axis machining machine and […]

The post Motor-Classic in Tatabánya Builds New Production Hall appeared first on Diplomacy & Trade.

]]> Chinese Investment with Hungarian Subsidy in Debrecen https://dteurope.com/business/chinese-investment-with-hungarian-subsidy-in-debrecen/ Tue, 06 Sep 2022 10:59:00 +0000 https://dteurope.com/?p=55251 Chinese-owned Halms Hungary Ltd. invests EUR 43 million in Debrecen to manufacture e-car parts with the aim to be able to meet customer demand in Europe faster and from a closer location. The project that is to create 300 new jobs further enriches an already very much vibrant local EV ecosystem, the Hungarian Investment Promotion […]

The post Chinese Investment with Hungarian Subsidy in Debrecen appeared first on Diplomacy & Trade.

]]> Average Passenger Car Age Keeps Increasing in Hungary https://dteurope.com/news/average-passenger-car-age-keeps-increasing-in-hungary/ Sat, 27 Aug 2022 08:51:00 +0000 https://dteurope.com/?p=54848 The average age of passenger cars in Hungary has set a new record, reaching 15 years in 2021 – a record not seen since 2000, according to data by the Central Statistical Office (KSH): the Hungarian car fleet closed the first half of this year at 15.2 years of average age. This result is partly […]

The post Average Passenger Car Age Keeps Increasing in Hungary appeared first on Diplomacy & Trade.

]]> KIA Tops the Electric Vehicle Market in Hungary https://dteurope.com/business/kia-tops-the-electric-vehicle-market-in-hungary/ Thu, 25 Aug 2022 18:53:00 +0000 https://dteurope.com/?p=54774 KIA continues to lead the electric vehicle market in Hungary this year, with a 12.3% share of the market, that is, with 321 vehicles sold in the first half of the year, but the market is expected to shrink significantly next year. Norbert Nagy, the South Korean brand's importer in Hungary and president of KIA […]

The post KIA Tops the Electric Vehicle Market in Hungary appeared first on Diplomacy & Trade.

]]> Used Car Sales in Hungary May Break Last Year's Record https://dteurope.com/commerce/used-car-sales-in-hungary-may-break-last-years-record/ Fri, 19 Aug 2022 09:09:00 +0000 https://dteurope.com/?p=54536 By the end of July, 498,800 cars had changed hands on the used car market in Hungary, 5.8% more than a year earlier, and the more active than ever before turnover indicates that last year's record of 817,000 cars sold could be broken, JóAutók.hu [‘Good cars’] reported on Friday, based on data from Datahouse. The […]

The post Used Car Sales in Hungary May Break Last Year's Record appeared first on Diplomacy & Trade.

]]> Ferrari: Tradition and Passion https://dteurope.com/business/ferrari-tradition-and-passion/ Mon, 08 Aug 2022 07:54:00 +0000 https://dteurope.com/?p=53691 Having been founded in 1947, Ferrari celebrates its 75th anniversary this year. As the General Manager of Ferrari Budapest, Emanuele Lippi explains to Diplomacy&Trade, Ferrari's history is the history of motor racing. With tradition and innovation combined, the owners of road cars can also enjoy the company’s professionalism. Regarding the historical development over these seven […]

The post Ferrari: Tradition and Passion appeared first on Diplomacy & Trade.

]]> Pirelli: 150 Years of Shaping Mobility https://dteurope.com/business/pirelli-150-years-of-shaping-mobility/ Sun, 31 Jul 2022 08:42:00 +0000 https://dteurope.com/?p=53263 Pirelli, the multinational tire manufacturer focused on consumer production of tires for cars, motorcycles and bicycles, celebrates an important anniversary this year: the company was founded by Giovanni Battista Pirelli in 1872 – that is, 150 years ago – in Milan, Italy where it still has its headquarters. After its foundation in Milan, the expansion […]

The post Pirelli: 150 Years of Shaping Mobility appeared first on Diplomacy & Trade.

]]> Chinese Electronic Vehicle Firm Appears in Hungary https://dteurope.com/business/chinese-electronic-vehicle-manufacturer-appears-in-hungary/ Fri, 29 Jul 2022 15:18:00 +0000 https://dteurope.com/?p=53647 China-based NIO automotive manufacturer has chosen Biatorbágy, just southwest of Budapest, as location for its first European manufacturing plant. The implementation of the investment worth a total amount of over EUR 15 million and creating several hundred new jobs will allow the manufacturing of so-called 'NIO Power Swap Station' automatic battery pack swap stations in […]

The post Chinese Electronic Vehicle Firm Appears in Hungary appeared first on Diplomacy & Trade.

]]> Quarter of New Cars in Hungary to Be Electric in 2035 https://dteurope.com/automobile/quarter-of-new-cars-in-hungary-to-be-electric-in-2035/ Thu, 21 Jul 2022 15:18:00 +0000 https://dteurope.com/?p=53183 Almost a quarter of new cars registered in Hungary will be electric by 2035, new data reveals. The study says that last year, just 2% of newly registered vehicles in Austria were electric. In the Netherlands and Norway, 99.9% of new vehicles are likely to be electric by 2035, data suggests. This would make them […]

The post Quarter of New Cars in Hungary to Be Electric in 2035 appeared first on Diplomacy & Trade.

]]> AutoWallis Records in All its Business Lines in H1 2022 https://dteurope.com/business/autowallis-records-in-all-its-business-lines-in-h1-of-2022/ Fri, 15 Jul 2022 16:35:00 +0000 https://dteurope.com/?p=52998 The AutoWallis Group has set records in all its business segments in the first half of the year, with 60% of last year's total annual vehicle sales already achieved in the first six months of this year, the company informed the state news agency MTI on Friday. According to the statement, the group, which is […]

The post AutoWallis Records in All its Business Lines in H1 2022 appeared first on Diplomacy & Trade.

]]> MOME Mobility Design LAB https://dteurope.com/science/mome-mobility-design-lab/ Fri, 01 Jul 2022 16:51:00 +0000 https://dteurope.com/?p=52423 The MOME Mobility Design Lab, one of the most advanced vehicle design workshops in the region, was opened this Friday at the Moholy-Nagy University of Art and Design (MOME), in the presence of Mercedes-Benz Chief Designer Gorden Wagener. MOME aims to be the best and most exciting university in the Baltic to Balkan region, said […]

The post MOME Mobility Design LAB appeared first on Diplomacy & Trade.

]]> Reliability and Predictability https://dteurope.com/business/reliability-and-predictability/ Sat, 04 Jun 2022 07:11:00 +0000 https://dteurope.com/?p=51411 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 […]

The post Reliability and Predictability appeared first on Diplomacy & Trade.

]]> Nissho Takes Manufacturing to the Next Level https://dteurope.com/business/nissho-takes-manufacturing-to-the-next-level/ Thu, 26 May 2022 11:08:00 +0000 https://dteurope.com/?p=51146 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 […]

The post Nissho Takes Manufacturing to the Next Level appeared first on Diplomacy & Trade.

]]>