Hungarian automotive industry: week 44 2020
Fotó: MTI
Hungarian government pushing the EU to remove certain points of its new Mobility Package unfavourable to national hauliers. Hungarian automotive companies reported to operate once again at peak capacity. Let’s recap what last week brought in Hungary’s automotive sector. Clicking on the highlighted items will open the full stories.
The Hungarian government has brought an action before the Court of Justice of the European Union to annul certain requirements and regulatory provisions of its new Mobility Package. The package has been claimed to have an adverse impact on transport companies in Hungary and several other European states.
The Association of the Hungarian Automotive Industry (AHAI) reported last week that in the fourth quarter of 2020, automotive companies will be operating closely to their peak capacities.
Sick Kft., a Kapuvár-based manufacturer of sensors, will receive a HUF 1.5 billion state subsidy for an investment that will double its production capacity.
Volkswagen AG reported on a profitable third quarter, regaining profitability for the car maker for the whole of 2020.
It has been reported that Bentley could continue operation as a subsidiary of Audi in the future.
A survey has found that the autumn period could prove to be even more difficult for tyre shops than the spring months did.
The government is providing a HUF 6 billion package for the purchase of 60 eco-friendly articulated buses, which will enter service in the Budapest metropolitan area. The vehicles contain Hungarian added value.
A survey by PwC has revealed that in the first nine months of the year, three times as many plug-in hybrid cars were sold in Europe’s largest national markets than in the same period the year before.
Although macroeconomic indicators do not yet show the negative effects of the second wave of the coronavirus pandemic, the tendencies in economic sentiment suggest a slowing pattern in Germany’s economic growth.
