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HIPA Automotive Conference in Budapest

May 16, 2024

The success of the Hungarian automotive industry sends a clear message to manufacturers and investors that it is economically rational to keep production in Hungary. That is according to government commissioner István Joó, CEO of the Hungarian Investment Promotion Agency (HIPA), who spoke at the organisation's automotive conference in Budapest on Thursday. At the event, […]

Budapest Automotive Summit Held for the First Time

Apr 11, 2024

A conference on the challenges, trends and current changes facing the automotive industry and trade in Hungary was held in Budapest, with the participation of top executives from the Hungarian automotive industry and automotive trade, with the title 'Are we running into the wall or can we still swerve the steering wheel?' The Budapest Automotive […]

New Automotive Investment Inaugurated in Kecskemét

Apr 8, 2024

The Hungarian automotive company Autóflex-Knott Ltd. has completed an HUF 800 million development to increase its market share in the US and Europe. Hungarian taxpayers, thanks to a government decision, have provided HUF 400 million for the purchase of machinery to machine higher-performance parts. A solar panel system was also recently installed on site, enabling […]

A Hundred Legendary Mercedes Cars to Be Displayed in Szeged

Apr 1, 2024

In April, for the first time in Hungary, the legendary car brand Mercedes will be presented together in Szeged, in one place, with a selection of 100 different, now classic models from the past 60 years, the organizers informed MTI. According to the press release, a hundred legendary vehicles, real rarities, beautiful car marvels and […]

2023 Revenues Up by 7.9% at Audi Hungaria

Mar 19, 2024

Audi Hungaria Plc.'s sales revenue increased by 7.9% last year compared to 2022, it was announced on Tuesday in Győr at a press conference presenting the results. Last year, the company achieved sales revenue of EUR 9.102 billion (HUF 3,602.4 billion), which is EUR 666 million (HUF 263.6 billion) more than in the previous year. […]

Magyar Suzuki to Produce Its Own Electricity

Feb 26, 2024

Suzuki has inaugurated its own solar park at its Esztergom plant, the nearly HUF 800 million investment will cover 6-7% of the company's annual energy needs, the company's communications manager, Zsuzsanna Bonnár-Csonka told MTI on Monday. She highlighted that the solar panels installed on the roofs of the various units of the factory are an […]

Stellantis to Start Electric Drive Module Production

Feb 12, 2024

In an effort to gear up for the transition, leading OEM Stellantis invests EUR 103 million to introduce production of electric drive modules (EDMs) at its plant in Szentgotthárd, Hungary. The investment is part of the company’s Dare Forward 2030 strategic plan that outlines ambitious electrification objectives. Stellantis’ preparations for the transition are going full […]

4 Millionth Car Completed by Suzuki in Esztergom

Feb 8, 2024

The 4 millionth car was produced at Suzuki's Esztergom plant, northwest of Budapest, on Thursday, with the company planning to produce 130,000 cars this year, following 160,000 in 2023, Magyar Suzuki Plc. told MTI. Deputy CEO Róbert Krisztián recalled to journalists at the factory that production at the Japanese carmaker's Hungarian plant started in 1992. […]

Toyota Could Continue to Grow in Hungary This Year

Jan 25, 2024

Sales of the Toyota brand could even expand in 2024 in Hungary, where market players forecast a further decline in new car sales, Toyota Central Europe - Hungary Ltd. said at a press conference in Budapest on Tuesday. According to the importer's executives, this is based on the brand's strong model offensive in a slowly […]

Production Restarted at the Suzuki Factory in Esztergom

Jan 22, 2024

Magyar Suzuki announced on Monday that production at its Esztergom plant has restarted as planned, the Reuters news agency reported. The company had announced a week earlier, on Monday last week, that production of the Vitara and S-Cross models would be suspended in Esztergom from January 15 to January 22 after supply was disrupted by […]

BMW Tops the Premium Segment Also in Hungary

Jan 18, 2024

The premium segment is a strong and stable segment of the Hungarian new car market, and BMW Group Hungary has taken the lead with sales of 5,921 units in 2023, the company said at a press conference in Budapest on Thursday. Managing Director Zoltán Gombos said that among the group's brands, BMW's sales reached 5,243 […]

Audi Hungaria: 10-year Production Record Broken in 2023

Jan 17, 2024

Audi Hungaria Plc. broke its ten-year production record in 2023 by producing nearly 178,000 vehicles and more than 1.66 million engines, the company told MTI on Wednesday. The Győr-based company said in a statement that 177,775 vehicles were produced last year, up from 171,134 the year before, while 1,660,425 engines were manufactured in Győr, up […]

Mercedes-Benz: E-mobility and Luxury Models Gaining Ground

Jan 16, 2024

Mercedes-Benz Hungária Ltd. reported on Tuesday on electromobility gaining ground, the increase in demand for luxury models and the good performance of the models produced in Kecskemét, central Hungary, summing up its sales in Hungary in 2023. The company said in a statement sent to MTI that 4,419 Mercedes-Benz passenger cars were registered in Hungary […]

Suspension of Production at Suzuki Plant in Hungary

Jan 15, 2024

Suzuki Motor's production plant in Hungary will suspend output this week of its Vitara and S-CROSS models, the Reuters news agency quoted a company statement on Monday. The production halt between January 15 and 21 comes after automakers Tesla and announced suspensions in Europe in the second half of last week, in a sign that […]

Chinese BYD to Establish Factory in Szeged

Dec 22, 2023

The world’s leading manufacturer of electric and plug-in hybrid cars, BYD, is planning to make a historic investment in Szeged, SE Hungary. The Chinese company aims to develop its first European electric vehicle manufacturing plant on a ca. 300-hectare site in Hungary. Due to the investment, thousands of high-added value jobs will be created, and […]

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