Hungarian automotive industry: week 51 2020
Fotó: Facebook/szijjarto.peter.official
Mercedes-Benz to introduce all-electric model in Kecskemét, management and labour union reach agreement on wages for next two years. A number of automotive companies to receive financial support from the Hungarian government. Let’s recap what last week brought in Hungary’s automotive sector. Clicking on the highlighted items will open the full stories.
Mercedes-Benz Kecskemét will soon be engaged in the serial production of an all-electric model, the EQB, thanks to a HUF 50 billion investment. The EQB is the first of 6 brand new all-electric cars the German car maker is planning to expand its portfolio with by 2022, plant director Christian Wolff (pictured above) announced last week at a press conference.
Mercedes-Benz Manufacturing Hungary Kft. have made a two-year wage agreement with their employees.
Győr-based Audi Hungaria will manufacture body panels for the all-electric Audi e-tron GT.
Audi’s Hungarian unit installed brand-new machinery for the strength test of electric motors.
Market-leading manufacturer Suzuki have published new data on their 2020 sales volumes in Hungary.
Minister of foreign affairs and trade Péter Szijjártó held talks last week with BMW executives on the Bavarian car maker’s Hungarian production unit.
Büttner Kft., a tool sheet manufacturer with a number of customers in the automotive industry, have increased production capacity with a HUF 1 billion investment.
India-based Samvardhana Motherson Group have announced to invest a total of HUF 6 billion in their Hungarian production units.
Iljin Materials will build a new production unit in Gödöllő with a HUF 4 billion investment, where the Korean company will manufacture copper foil for batteries.
Apollo Tyres will modernize their tyre lines and introduce new products at their Hungarian unit with a HUF 4 billion investment.
TDK Hungary Components Kft., a company engaged in the production of sensors used in autonomous technologies, have announced to launch a HUF 1.2 billion state-subsidized R&D programme.
Automotive supplier Bock Hungária will expand their production capacity with a HUF 600 million investment.
Videoton Autóelektronika and Waberer’s have also received investment aids.
The Hungarian government has made an agreement with two Bavarian companies on investments in Hungary. One is automotive electronics producer Rosenberger, while the other is caravan manufacturer Knaus Tabbert.
The conflict between steel producer Dunaferr and trade unions reached new heights when the local leaders of Vasas Trade Union Confederation were suddenly dismissed.
The European Automobile Manufacturers' Association published new data on November car sales, which revealed declining overall sales but growing demand on luxury vehicles.
Our own analysis, drawing on the statistics published by automotive news site Kocsi.hu, arrived at similar conclusions.
The car production output in the Czech Republic shrank by 20 percent in 2020 compared to the previous year.
The pandemic also hit production volumes in Romania, which is expected to result in a combined revenue loss of €5 million to local manufacturers.
