Hungarian automotive industry: week 11 2021
Fotó: Audi Hungaria Zrt.
Audi Hungaria report on successful 2020 despite pandemic slowdown, celebrating 1.5 million cars manufactured in Győr, Pannon Tools announce government-supported investment project. Let’s recap what last week brought in Hungary’s automotive sector. Clicking on the highlighted items will open the full stories.
Despite the Covid19 pandemic, Audi Hungaria closed a successful year in fiscal 2020. The Győr-based plant has produced more than 1.5 million cars, and its production is now completely carbon neutral.
Audi, Suzuki and Rába-supplier Pannon Tools have announced a HUF 125 million capacity expansion investment in Győr.
Steel producer Dunaferr have found an investor to save the company from bankruptcy. The mysterious investor will allow the company to ramp up production and return to a profitable operation.
Volkswagen AG reported on a profitable 2020 thanks to an upswing in sales on the Chinese market.
The brand is preparing to manufacture more than 400,000 electric cars this year, while further layoffs affecting thousands of employees are also on the agenda.
Audi’s e-mobility project, the Artemis, has reached an important milestone, passing the concept phase and with the programme gearing up for serial production.
Quoting cost-saving measures, Mitsubishi will produce two new models at two Renault plants in Europe from 2023.
In February, new-car sales in the European Union fell by one-fifth compared to the same period last year. The largest decline, 38 percent, was reported in Spain.
International advisory firm EY pointed out last week that fleet cars will play a key role in achieving sustainability targets, as they account for nearly 50 percent of emissions on public roads.
The executives of the largest global firms have remarkably positive economic prospects for the next period. 75 percent of them are expecting economic growth, a level of optimism unseen since as far back as 2012.
