Hungarian automotive industry: week 40 2020
Fotó: Daimler Global Media Site
Pandemic drives railway and intermodal transport, Bavaria applauded for contribution to Hungary's economy. Let’s recap what last week brought in Hungary’s automotive sector. Clicking on the highlighted items will open the full stories.
Last week, the European Automobile Manufacturers' Association and Hydrogen Europe held a conference on the future of hydrogen-powered commercial vehicles in Europe. The event was attended by representatives from a number of OEMs, who shared their concepts in electrification related to commercial vehicles.
The Volkswagen AG have published their financial report on the period between January and August. The company still expects a profitable year in 2020.
Continental have disclosed the list of their Germany-based sites that are threatened by closure, while the chairman of the group’s supervisory board held politics to be responsible for the dismissal of 30,000 of their employees.
Last week, thyssenkrupp also announced a layoff campaign, affecting many of their automotive engineers.
The market share of plug-in hybrid and pure electric vehicles have reached 2.5 percent in global auto sales.
Although in September, the volume of import cars grew substantially in Hungary from the previous month, it still shows a sharp decline when compared to the same period in the previous year.
Data published by the Association of Hungarian Logistical Service Centres (MLSZKSZ) reveals that the Covid19 pandemic has increased demand on railway and intermodal transport.
A new forecast by GKI Economic Research revealed a 7 percent shrinkage predicted for Hungary’s economy in 2020, while it is not expected to rebound to pre-pandemic levels until 2022.
Last week, Hungary’s foreign minister spoke about the contribution of Bavarian automotive companies to Hungary economic performance.
Széchenyi István University of Győr has introduced a new, student-friendly methodology in engineer training, emphasizing simulation exercises.
