Hungarian automotive industry: week 38
Rába strengthens its presence in bus manufacturing and an increasing number of automotive businesses have indicated their willingness to employ refugees. The CEO of the Hungarian Audi plant says goodbye, Mercedes drives Hungary´s economy.
Manufacturers
Last week saw an increase in reactions from the auto industry to the migrant-crisis. Executives from Daimler, Ford and Peugeot said last week that their respective companies would be willing the employ refugees at their manufacturing plants.
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| Faustmann receives honorary citizenship from Zsolt Borkai, Mayor of Győr |
Audi Hungaria was in the spotlight last week. Thomas Faustmann, the company's resigning CEO has received the honorary citizenship from the town of Győr, and the government praised the plant's performance and contribution to the national economy.
Suppliers
Rába has set its foot in the Egyptian bus market, signing a supplier agreement with local bus manufacturer EACO to supply axle systems for 145 buses.
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| Rába signs supplier agreement with Egyptian bus manufacturer |
The Audi A4 and A4 Avant models will be fitted with Hankook tyres manufactured at the company's Hungarian plant as original equipment.
Service providers
Spanish-based CAF trams entered traffic on line 3 in Budapest, while Turkish-made buses are expected to enter traffic in the area of the Buda Castle soon.
Gebrüder Weiss is planning to build a new warehouse in Hungary as the company sees an outstanding growth potential in the country.
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| Hankook to supply Audi A4 models with tyres manufactured in Hungary as original equipment |
The Hungarian Investment Promotion Agency (HIPA) has announced plans to convert provincial areas into investment-friendly areas, while the Hungarian Electromobility Association has joined the European Association for Battery, Hybrid and Fuel Cell Electric Vehicles, a major step ahead for the country in the field of alternative drive vehicles.
Economy
Official data shows an increase in July production output volumes thanks to growing production volumes in each region of the country, Béla Glattfelder, Secretary of State of the Ministry of National Economy for economic regulation said last week.
The Mercedes-Benz Kecskemét plant is one of the main drivers of the Hungarian industry.
