Takata are still profitable in Europe and will not file for bankruptcy, while production at the Miskolc plant continues uninterrupted, in fact, it is looking to further expand its capacities, Takata Safety Systems Hungary Kft. has stated in a press release.
2017.06.27 12:55
General Electric have begun talks on the sale of its lighting business, the company told Hungarian news agency MTI on Monday. The sale is said to affect a large part of the companyʼs plants in Hungary and about half of its local workers.
2017.06.13 09:00
The three Hungarian OEMs, the Audi plant in Győr, the Mercedes-Benz plant in Kecskemét and the Esztergom-based Suzuki plant manufactured over 500,000 cars last year, planning to allocate additional portions of their profits to new local investments.
2017.06.09 09:00
Waberer’s International, one of Europe’s largest haulage and logistics companies, is preparing for a listing on the Budapest Stock Exchange, in the premium category.
2017.06.07 21:19
Porsche Hungaria, the German automotive group’s Hungarian importer, is expecting an annual sales volume of 400-600 units by 2020, Balázs Németh, the company’s brand manager, told Hungarian news outlets this week.
2017.05.10 19:31
In 2016, Mercedes-Benz Manufacturing Hungary Kft. produced nearly 190,000 vehicles in Kecskemét, 3.8 percent more than in 2015, and registered a revenue of €3.4 billion, also a slight increase from the previous year.
2017.04.28 13:14
Hungarian railway company MÁV-Start have announced to purchase 40 high-capacity double-decker trains (also known as bilevel rail cars) from Stadler.
2017.04.13 15:20
U.S.-owned Lear Corporation Hungary will lay off 800 employees following an announcement made by the management to end the company’s automotive seat cover manufacturing activities in Hungary, Zsolt Kozma, chairman of the plant workers´ trade union, said this week.
2017.04.12 00:23
At 9,924 units, Hungarian new car registrations were up by 32.3 percent year-on-year in March 2017, the Hungarian Vehicle Importers’ Association (MGE) reported this week.
2017.04.05 13:48
The Győr-based car manufacturer has received an award in the category of “Most Popular Automotive Manufacturers in Hungary”.
2017.03.30 09:38
Prior to her appointment at Bridgestone, Ms. Topolcsik held executive positions at Hungarian subsidiaries of various global companies.
2017.03.22 13:31
The sum of the bonus differs in every region after taking into account local laws and wage levels.
2017.03.08 13:43
The new Apollo Tyres plant in Gyöngyöshalász will be handed over on April 7, with production set to start a few weeks later, Neeraj Kanwar, the company’s vice-president, announced on the Geneva Motor Show’s press day.
2017.03.08 09:14
Portico Kft., a company engaged in the sales of die release solutions, have announced to build a new warehouse in Hungary with a HUF 250m (€0.8m) investment.
2017.03.04 11:15
The eight businesses awarded at the Investor of the Year Gala, held by the Hungarian Investment Promotion Agency (HIPA), brought a total of €1.5 billion in investments and are set to create 6,000 jobs in Hungary.
2017.03.01 12:31
Last week all eyes were on Opel as news came on a potential acquisition by GM, while Suzuki announced its sales targets for 2017, looking back at which models drove the Japanese brand’s Hungarian sales last year.
2017.02.20 13:16
Suzuki is expecting to sell 11,780 new vehicles in Hungary in 2017, which would represent an over 11 percent share in a market with a new-car registration volume projected at 103,000 units.
2017.02.19 22:50
Gearing up for mass production, the plant already employs 400 highly-qualified engineers, technicians and tyre professionals.
2017.02.15 22:55
The Hungarian government and Knorr-Bremse has signed a partnership agreement to promote the development of local small and medium-sized businesses.
2017.02.10 01:07
Robot-X Hungary Kft. has previously recognized the potential of automation and cooperative robots and has now joined to the line Universal Robots distributors as a Hungarian retailer, consolidating both its own and the Danish company’s market position in Hungary.
2017.01.12 18:01
In 2016, the marque with the four rings sold 2,503 cars in Hungary, up 14 percent from the 2,197 units registered in the previous year.
2017.01.10 23:04
Being one of the biggest investments of its kind currently in Hungary, the nearly €0.5 billion Greenfield project of India-based tyre manufacturer Apollo Tyres in Gyöngyöshalász is going according to plan.
2017.01.08 18:10
Last year, 96,500 new cars were registered in Hungary, 25.1 percent more than the year before. In 2016, the best-selling brand in Hungary was yet again Ford with a market share of nearly 13 percent.
2017.01.06 11:10
Magyar Suzuki Corp. ended 2016 with a record high in its sales in Hungary. The Japanese manufacturer’s Hungarian market share grew from 9.72 percent in 2015 to 11.67 percent in 2016.
2017.01.04 19:49
Micro, small and medium-sized enterprises (SMEs) can yet again bid for government support for their production capacity expansion and equipment development investments thanks to newly allocated budget of HUF 39 billion (€128.8 million) within the scopes of the Economy Development and Innovation Operational Programme (GINOP).
2016.12.04 21:27
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