Mercedes-Benz launched serial production of the fully-electric GLB model at its base in Kecskemét (C Hungary) on Monday, MTI reports. A statement issued by the Ministry of Foreign Affairs and Trade notes that the base in Kecskemét would soon be able to turn out 350,000 vehicles annually, bringing Hungary closer to its goal of producing […]
Mercedes-Benz is launching a research and development (R&D) project in Kecskemét, marking the first time the premium German car manufacturer has chosen Hungary for one of its highest value-added investments. The EUR 54.4 million project - about a quarter of which is covered by Hungarian taxpayers through a government decision to provide state support - […]
Mercedes-Benz Manufacturing Hungary Ltd.'s 2024 revenue was EUR 4.171 billion, down by more than EUR 904 million from 2023, while the automotive company's profit after tax fell to EUR 57.596 million last year from EUR 95.661 million a year earlier, the company said on Thursday on the Budapest Stock Exchange (BSE) website. According to a […]
Mercedes-Benz sales declined last year, mainly due to the sale of around a quarter fewer all-electric cars. The Mercedes-Benz Group sold 625,800 cars and commercial vehicles in the fourth quarter of 2024, 2% fewer than a year earlier. And the group's annual sales fell 4% to 2.389 million. Passenger car sales in the fourth quarter […]
Mercedes-Benz Manufacturing Hungary Ltd. in Kecskemét, east-central Hungary, continued to increase its revenue in 2023, from almost EUR 4 billion in the previous year to more than EUR 5 billion last year; and its profit before tax also increased, from more than EUR 96 million in 2022 to about EUR 103 million last year, the […]
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 […]
Ola Källenius, chairman of the board of Mercedes-Benz, visited Hungary and told the news portal Index that the company will invest EUR billions in its Kecskemét plant, located southeast of Budapest. In the interview, reviewed by portfolio.hu, Källenius said that the Kecskemét plant is a very important part of their global production network and that […]
Mercedes-Benz Manufacturing Hungary Ltd. achieved sales of nearly EUR 4 billion in 2022, compared to EUR 3.1 billion in the previous year; its profit before tax also increased: from nearly EUR 75 million in 2021 to more than EUR 96 million last year, the company told MTI. According to the report, the significant positive change […]
The domestic market differs from the global one: while 18,355 new premium cars were sold in Hungary in 2022, an increase of 10.7% compared to the previous year, worldwide luxury car sales decreased by a few per cent. "The premium category is less price-sensitive, and purchasing power in this segment declines much later," executive chairman […]
