Hungarian automotive industry: week 6 2021
Fotó: Audi Hungaria Zrt.
Three Hungarian-owned companies carry out investments at a total value of HUF 1.2 billion, Magyar Suzuki announce comprehensive pay rises. Let’s recap what last week brought in Hungary’s automotive sector. Clicking on the highlighted items will open the full stories.
Electronic components manufacturer Ajkai Elektronikai Zrt., rubber manufacturer Tauril Gumigyártó és Kereskedelmi Kft. and tooling and metalworker Titán'94 Szerszámkészítő és Forgácsoló Kft., will carry out investments at a total value of HUF 1.2 billion.
Following negotiations with the workers’ council, Magyar Suzuki Corporation are introducing a 8 percent pay rise in starting salaries. The starting wages of operators will increase significantly, by 15 percent.
Audi’s Győr plant manufactured 24,000 mild hybrid (BAHV) and 48 plug-in hybrid (PHEV) Q3 cars in 2020. The unit is taking an increasingly significant role in the production of electric vehicles, already preparing for the serial manufacturing of next-generation electric motors.
Production sensors manufacturer Balluff Elektronika Kft. has announced to launch a HUF 2 billion R&D investment project in Veszprém.
Knorr-Bremse have established a new brain trust focusing on electromobility, dubbed eCUBATOR. As part of the project, a total of 60 experts will work on innovative solutions at the company’s R&D centres in Budapest, Hungary, and Munich, Germany.
Mercedes-Benz reported on a significant year-on-year sales hike in January 2021, while also showing a marked decline compared to December last year.
BMW have been reported to postpone the production of the i1 electric model due to the lack of profitable demand outside of Europe. Instead, the Bavarian manufacturer will concentrate on the electrification of sedan models.
General Motors continued to make profits in 2020, and went on to post further improvements in the fourth quarter of the year. Today, however, the US-based car maker is currently badly affected by the global microchip shortage, and is forced to keep three of its North American units shut until at least the middle of March.
According to the latest statistics published by Kocsi.hu, Hungary’s used car market further declined in January compared to December last year. The most popular brand was Alfa Romeo in the first month of 2021.
According to the most recent forecast by the Hungarian Leasing Association, Hungary’s leasing market is expected to show a moderate growth in 2021.
Together with environmentalists and consumer protection agencies, the European Automobile Manufacturers' Association (ACEA) requested the European Union to set a binding and ambitious target for charging station development across all member states. Their bid calls for the installation of 1 million charging stations by 2024.
