automotivesector - Diplomacy & Trade https://dteurope.com Monthly in print | Daily on the web Sun, 29 Mar 2026 00:08:27 +0000 en-US hourly 1 https://wordpress.org/?v=6.9.4 https://dteurope.com/wp-content/uploads/cropped-dt_favicon-32x32.png automotivesector - Diplomacy & Trade https://dteurope.com 32 32 BMW to Establish Business Service Center in Hungary https://dteurope.com/news/bmw-to-establish-business-service-center-in-hungary/ Sat, 28 Mar 2026 09:25:00 +0000 https://dteurope.com/?p=78806 German premium car maker BMW is expanding its presence in Hungary with a new business service center. The EUR 4.3 million investment, supported by the Hungarian Investment Promotion Agency (HIPA), creates a new unit in Debrecen, the location of BMW’s Hungarian plant, producing the i3 model of the Neue Klasse series since October 2025. The […]

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]]> New Automotive Investment in Nógrád County https://dteurope.com/business/new-automotive-investment-in-nograd-county/ Wed, 18 Mar 2026 08:45:00 +0000 https://dteurope.com/?p=78555 The expansion of the Japanese automotive industry supplier firm Hi-Lex further increases Hungary's automotive influence on the global market. Hi-Lex, a Japanese manufacturer of automotive parts, has over 80 years of experience. At its facility in Rétság, the company produces door modules, window regulators, and brake and gearshift cables, while continuously enhancing its competitiveness through […]

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]]> NNG Launches HUF 8 Bn R+D Investment https://dteurope.com/information-technology/nng-launches-huf-8-bn-rd-investment/ Sat, 14 Mar 2026 07:56:00 +0000 https://dteurope.com/?p=78517 Hungarian navigation software leader NNG announces a state-backed next-generation AI navigation program, reinforcing Budapest's position as a center for automotive software innovation. Twenty years ago, NNG was founded in Budapest in 2004 as an independent navigation software start up with a single product. Today, it's technology runs in 11 of the world's 14 largest automotive […]

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]]> Automotive Manufacturing Capacity Expands in Hungary https://dteurope.com/news/automotive-manufacturing-capacity-expands-in-hungary/ Tue, 03 Mar 2026 14:02:00 +0000 https://dteurope.com/?p=78347 The latest capacity-expanding investment of Astotec Automotive Hungary LP., a company specializing in automotive parts manufacturing, was officially inaugurated in Pápa, W Hungary. Astotec Automotive Hungary LP., a member of the Austrian-owned ASTOTEC Automotive Group, develops and produces automotive safety components. In their Pápa plant, a strategic, EUR 10 million capacity-expansion project has been completed. […]

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]]> Rába Earnings Climb on Property Sales https://dteurope.com/business/raba-earnings-climb-on-property-sales/ Thu, 26 Feb 2026 08:27:00 +0000 https://dteurope.com/?p=78219 Listed Hungarian automotive industry company Rába had after-tax profit of HUF 2.9 billion in 2025, climbing from a little over break-even in the base period, an earnings report released after the closing bell on Wednesday shows. Revenue fell 6% to HUF 54.2 billion, but the bottom line was lifted by the sale of two pieces […]

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]]> Mercedes-Benz Celebrates 140 Years of Innovation This Year https://dteurope.com/business/mercedes-benz-celebrates-140-years-of-innovation-this-year/ Mon, 23 Feb 2026 09:57:00 +0000 https://dteurope.com/?p=78181 Between 2025 and 2027, Mercedes-Benz presents nearly 40 new or fundamentally redesigned models to the public – from entry-level to top-of-the-range models, with both internal combustion and electric powertrains. This comprehensive product offensive is perfectly timed to coincide with the brand's 140th anniversary. In 2026, Mercedes-Benz Hungária will celebrate this important milestone with the wide-ranging […]

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]]> New Managing Director at Magyar Suzuki https://dteurope.com/business/new-managing-director-at-magyar-suzuki/ Wed, 11 Feb 2026 09:51:00 +0000 https://dteurope.com/?p=77992 Fumito Sakai will assume the role of Managing Director of Magyar Suzuki Corporation effective March 1, 2026. He succeeds Masato Atsumi, who led the Esztergom-based automotive manufacturer for nearly five years and will now continue his career in Japan, Magyar Suzuki says in a statement issued this Wednesday. Fumito Sakai joined the Suzuki Group in […]

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]]> Zhejiang Shuanghuan Driveline Factory in Hungary https://dteurope.com/business/zhejiang-shuanghuan-driveline-factory-in-hungary/ Thu, 05 Feb 2026 12:49:00 +0000 https://dteurope.com/?p=77904 Zhejiang Shuanghuan Driveline inaugurated the electric vehicle parts plant of Evoring, the China-based firm’s Hungarian subsidiary, the Hungarian Investment Promotion Agency (HIPA) reports. The EUR 104.4 million greenfield investment, implemented with the support of HIPA includes a 24,000 square-meter production complex supported by solar panels and a heat-pump system. The manufacturing base in Jászfényszaru (central […]

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]]> A Market at a Turning Point: Challenges and Growth Opportunities https://dteurope.com/business/a-market-at-a-turning-point-challenges-and-growth-opportunities/ Tue, 30 Dec 2025 11:42:00 +0000 https://dteurope.com/?p=77236 In Hungary’s automotive sector, annual new vehicle registrations are total around 150,000 units – comprising 120,000–125,000 passenger cars and roughly 25,000 light commercial vehicles. Based on new car registrations per capita, Hungary is positioned in the lower third of the European ranking.” Yet this stagnation also signals room for expansion, especially as the economic environment […]

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]]> Flex Inaugurates HUF 35 Bn Plant in Hungary https://dteurope.com/business/flex-inaugurates-huf-35-bn-plant-in-hungary/ Tue, 25 Nov 2025 14:29:00 +0000 https://dteurope.com/?p=76624 Automotive industry supplier Flex inaugurated a HUF 35 billion plant of 10,000 square meters in Zalaegerszeg, SW Hungary on Tuesday. The Flex Zala Automotive Next Gen Mobility plant, which created 210 jobs, is expected to advance the search for solutions to the biggest challenges ahead of the automotive industry. Hungarian taxpayers contributed to the investment […]

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]]> Another Chinese Automotive Investment Announced https://dteurope.com/business/another-chinese-automotive-investment-announced/ Mon, 02 Jun 2025 13:03:00 +0000 https://dteurope.com/?p=73995 Chinese-owned Halms has once again chosen Hungary as the location for its latest strategic investment, according to the Hungarian Investment Promotion Agency (HIPA). Following the establishment of one of the country’s leading aluminum processing facilities in Debrecen, the company has announced the construction of a new automotive component manufacturing plant in Miskolc, NE Hungary. The […]

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]]> Another Automotive Development in Debrecen https://dteurope.com/business/another-automotive-development-in-debrecen/ Tue, 08 Apr 2025 11:43:00 +0000 https://dteurope.com/?p=73281 Today, a 15,300- square-meter high-tech production hall jointly developed by Panattoni Hungary and OTP Real Estate Investment Fund has been inaugurated in Debrecen. The plant, which was developed for ZF Chassis Modules in a build-to-suit construction, will supply chassis to BMW's Debrecen plant and is the second development of its kind in Hungary, following the […]

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]]> Alpine Expands Its Capacity in Hungary https://dteurope.com/business/alpine-expands-its-capacity-in-hungary/ Thu, 27 Feb 2025 14:17:00 +0000 https://dteurope.com/?p=72741 Hungary is further strengthening its position in the automotive industry as the Japanese Alpine announced a new investment worth nearly EUR 55 million at its Biatorbágy site, just west of Budapest, creating 100 new jobs, contributing to the long-term growth of the Hungarian economy, and promoting industrial innovation, according to the Hungarian Investment Promotion Agency […]

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]]> Suzuki Unveils Its First Purely Electric Car https://dteurope.com/automobile/suzuki-unveils-its-first-pure-electric-car/ Mon, 04 Nov 2024 18:41:00 +0000 https://dteurope.com/?p=71715 Suzuki Motor Corporation has unveiled its first series-production electric (BEV) model, the e-Vitara, which is of strategic importance for the company, the communications manager of Magyar Suzuki Plc., Zsuzsanna Bonnár-Csonka told MTI on Monday. She added that the vehicle, presented in Milan, Italy, will go into production in India in spring 2025 and will be […]

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]]> Magyar Suzuki Closed a Stable Year in 2023 https://dteurope.com/business/magyar-suzuki-closed-a-stable-year-in-2023/ Wed, 12 Jun 2024 11:23:00 +0000 https://dteurope.com/?p=70464 The Japanese automaker Suzuki plans to introduce five electric models by 2030 as part of the green transition of the automotive industry, and Magyar Suzuki is aiming to have the Esztergom plant participate in the production of these models, said Magyar Suzuki Plc. CEO Masato Atsumi at a press conference in Budapest on Wednesday. Assessing […]

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