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Magyar Suzuki to Produce Its Own Electricity

D&T
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

D&T
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

D&T
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

D&T
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

D&T
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

D&T
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

D&T
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

D&T
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

D&T
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

D&T
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 […]

German Automotive Supplier Increases Capacities

D&T
Dec 15, 2023

Germany-based technology group ZF invests EUR 62.5 million to implement two large-scale projects in Debrecen and Kecskemét, two automotive strongholds in Hungary. The investments that promise to create 313 new jobs are set to provide capacities to manufacture auto parts in the EV segment. Global technology group ZF is expanding its operations by setting up […]

Porsche Hungaria to Strengthen Position in Hungary

D&T
Dec 7, 2023

The recently appointed Managing Director of Porsche Hungaria (PH), Tamás Wachtler expects an increase in sales of its brands next year. This, he says, will further strengthen the company's share of the Hungarian new car market, which already exceeds 20%. At a press conference in Budapest on Thursday, Tamás Wachtler said that this is partly […]

American Automotive Supplier Investment in Oroszlány

D&T
Dec 4, 2023

Thanks to a EUR 59.6 million investment BorgWarner takes its Hungarian operation to the next level in Oroszlány, Hungary. The American automotive supplier will add new products to its portfolio to serve demand in the hybrid and electric drivetrain segment. According to a government decision, Hungarian taxpayers cover over a fifth of the investment costs […]

Another Chinese Automotive Firm to Appear in Hungary

D&T
Nov 18, 2023

Chinese-owned Evoring Ltd., a Shuanghuan Driveline company, invests EUR 104.4 million to set up a new plant in Jászfényszaru, E Hungary. The facility now broke ground where gears and shafts for EVs will be produced. The investment, some 18% of which is paid for Hungarian taxpayers, promises to create 450 jobs. Shuanghuan Driveline manufactures gears […]

30-Year-Old Audi Hungaria Starts PPE Motor Production

D&T
Nov 7, 2023

This Tuesday, at Audi Hungaria's 30th anniversary event, series production of the new generation of electric motors for the Premium Platform Electric (PPE), which will debut in the Audi Q6 e-tron model series, was officially launched. As a result of an investment of EUR 190.2 million, a completely new 15,000-square-meter production area for PPE drives […]

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