Hungarian automotive industry: week 9 2022
Fotó: Audi Hungaria NewsRoom
Ukraine conflict takes its toll on European manufacturers, Magyar Suzuki announces wage hike at Esztergom plant, first Hungarian supercar to make its debut in 2025. Let’s recap what last week brought in Hungary’s automotive sector. Clicking on the highlighted items will open the full stories.
The war in Ukraine is disrupting the parts supply from Ukrainian suppliers, which could also result in stoppages at Győr-based Audi Hungaria later on. The plant relies on Ukrainian suppliers of wire harnesses and seat covers.
According to an agreement between the management of Magyar Suzuki Corporation and the workers’ council, employees at the Esztergom plant can expect a 12 percent wage increase on average in 2022. The company has also agreed on removing the requirement to enforce employees to make up for the work time lost due to production cuts last year.
The first Hungarian supercar is expected to arrive in 2025 under the Kincsem Hyper-GT name. The car will be unique not just because of its local design but also its powertrain technology. While the car was initially planned with a battery-powered electric drive, eventually the designers decided on a hydrogen system.
The supply disruptions caused by the Russian-Ukrainian conflict forced several automakers to stop or cut production last week.
BMW and Ford made an announcement almost simultaneously on halting production at their Russia-based plants, while Volkswagen imposed a production cut at its Wolfsburg unit.
VW has since stopped production at two German sites, and also announced a complete halt in its Russia-based production.
Volkswagen AG-member Škoda is also limiting production volumes, while Toyota – following the example of other OEMs – temporarily halted production at its Russian sites effective from March 4th.
Similarly to passenger car manufacturers, the commercial vehicle segment has also reacted to the war. Daimler Truck has reportedly suspended all cooperation activities with Russia-based Kamaz.
Volvo AB has temporarily suspended sales and production activities in Russia, while MAN has also decided to suspend deliveries.
Bosch has announced to expand its Reutlingen-based semiconductor plant with a €250 million investment, reacting to the ongoing global chip shortage. This comes in addition to the company’s previous announcement on a €400 million investment campaign to increase its semiconductor capacities.
Did you find this article interesting? If you want to stay updated on the latest news from Hungary's automotive industry, please subscribe to our newsletter.
