Hydro Extrusion Hungary Ltd. is continuing its automotive investments in Hungary and is increasing the extrusion capacity of its Székesfehérvár plant, SW of Budapest, with a EUR 35.7 million (HUF 14.6 billion) development, the company informed the state news agency MTI on Thursday. The company said the development will ensure the company's future growth potential […]
Most people in the eastern half of Europe have fond memories of ŠKODA's iconic models – the ŠKODA 100s and 120s –, while the newer models FABIA and OCTAVIA have been family cars for generations. The Czech brand has undergone a huge transformation in recent years, not only by becoming one of the leaders in […]
The Stellantis car group (formed last year by the merger of Fiat and other car manufacturers) has announced the acquisition of aiMotive, a Hungarian company that develops software for self-driving cars. Under the terms of the agreement between Stellantis and aiMotive, the Hungarian company will become a subsidiary of Stellantis and its founder, László Kishonti, […]
A new Thyssenkrupp engineering development office was inaugurated in Szeged, SE Hungary reflecting the German behemoth’s effort to intensify related activities as part of its Hungarian operation. Up to 65 automotive engineers can look forward to be hired in the near future in three locations, Szeged being the flagship venue of the development. Being among […]
Korean-owned W-Scope Hungary Plant Ltd. celebrated the foundation stone-laying of its lithium-ion battery separator plant in Nyíregyháza, NE Hungary this Tuesday. The investment worth EUR 720 million is set to boost the competitiveness of the company in a quickly developing EV market. Up to 1,200 new jobs will be created as a result, with mass-scale […]
The AutoWallis Group is continuing its path of growth after all business units experienced double-digit growth in all areas in the first nine months of the year, with sales in many areas already higher than last year as a whole. This means that the crisis-resistant strategy of the Group, present in 14 countries in the […]
