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Hungary

A collection of 12 posts

Hungarian automotive production drops 33% yoy due to Chips shortage

Hungarian automotive production drops 33% yoy due to Chips shortage

The output of Hungarian automobile production, the engine of industrial growth, declined 33.7% yoy in August as the global semiconductor shortage hit factories, the Bureau of Statistics (KSH) said in a second reading in October. KSH confirmed that aggregate industrial production increased by 2.6% and 0.6% after

Daimler plant in Hungary, Kecskemet, shut down due to chips-shortage

Daimler plant in Hungary, Kecskemet, shut down due to chips-shortage

A shortage of chips has shut down German carmaker Daimler's plant in Hungary until May 2, state news wire MTI reports citing a local news portal. Baon.hu, the news portal for Bács-Kiskun County, home to the Daimler plant, learned that production stopped on Wednesday and the shutdown

Daimler to build Electric SUVs in Hungary

Daimler to build Electric SUVs in Hungary

The German automaker Daimler is expected to start production of a fully electric compact SUV in Hungary in the fourth quarter of 2021 after an investment of 100 million euros. Automobile manufacturing plays a central role in the Hungarian economy, and the vehicle will be the first fully electric car

COVID to shape automotive manufacturing through 2021 - Hungarian Vehicle Component Manufacturers MAJOSZ at webinar

COVID to shape automotive manufacturing through 2021 - Hungarian Vehicle Component Manufacturers MAJOSZ at webinar

Association of Hungarian Vehicle Component Manufacturers (MAJOSZ) held a webinar on Wednesday under the title “COVID status report in the automotive industry”. Tamás Rózsa, CEO of TopTier Consultants Kft., gave a presentation on the current status of the automotive manufacturing sector. Prior to Rózsa’s presentation, József Nyírő, the president

Coronavirus poses challenges for Central European economies (CEE). But strong macroeconomic factors and banking system may work in its favour

Coronavirus poses challenges for Central European economies (CEE). But strong macroeconomic factors and banking system may work in its favour

Slovakia, region most affected by epidemic Europe's emerging economy may stall due to the spread of the coronavirus. Market participants are now examining the potential impact of the disease on the region's economies and assessing the potential impact on the banking system. Farms that are too

Mercedes may also participate in the MNB's bond program

Mercedes may also participate in the MNB's bond program

Mercedes-Benz Manufacturing Hungary Kft. Has completed the qualification required for participation in the bond program of the Hungarian National Bank. Based on the rating of its parent company, it has also been certified with a stable outlook from Scope Ratings. The ltd. It plans to issue a $ 40 billion bond

Three special tires made in Rácalmás, Hungary

Three special tires made in Rácalmás, Hungary

The Hankook factory in Hungary also manufactures reinforced sidewalls, puncture-proof and sound-absorbing tires. The Sealant division produces Hankook's special tires, the sound absorber, and the tire-breaker Sealguard technology. Hankook engineers use the company's own sound absorber, a quiet tire technology, on many models. A special noise-absorbing

AUDI Hungaria invests €127mln into Győr plant: e-motor production capacity, started in 2018, and engine development centre and vehicle manufacturing infrastructure to be expanded

AUDI Hungaria is to launch a comprehensive development at its Győr plant: the e-motor production capacity, started a year ago, as well as the engine development centre and the vehicle manufacturing infrastructure will all be expanded. The complex investment programme worth EUR 127 million is the first step in the

Japanese Toray Industries Hungary builds lithium battery plant with a 39 mln EUR at Nyergesújfalu Plant, 190 jobs created, said Péter Szijjarto

Japanese Toray Industries Hungary builds lithium battery plant with a 39 mln EUR at Nyergesújfalu Plant, 190 jobs created, said Péter Szijjarto

Toray Industries: A major investment in battery technology, Nyergesújfalu Japanese-owned Toray Industries Hungary Kft. Builds a lithium battery separator film production plant with a 39 mln Eur (127 billion HUF) expense in Nyergesújfalu, the foreign and foreign minister announced on Friday at the site of the new factory. Péter Szijjártó

Adient, new hall added in Veszprém, Hungary, investment of 4 mln EUR , expanding production capacity with 2,000 sqm hall and 740 jobs

Adient, new hall added in Veszprém, Hungary, investment of 4 mln EUR , expanding production capacity with 2,000 sqm hall and 740 jobs

Adient, new hall added in Veszprém, Hungary, investment of 4 mln EUR , expanding production capacity with 2,000 sqm hall and 740 jobs

Continental means predictability, Sarah Frach, Head of HR

Continental means predictability, Sarah Frach, Head of HR

New HR manager for Continental Hungary, which employs more than eight thousand staff, and Sarah Frach has been managing the personnel management of five technology divisions. source:autopro.hu... [https://t.umblr.com/redirect?z=https%3A%2F%2Fautopro.hu%2Fhr%2FA-Continental-a-kiszamithatosagot-jelenti%2F30686%2F&t=ZWI1MTJhNDNlMjVkNDM2NWI0NTdjODFhZDA2YWY2MDM3NTBjZTBiYSwzZjBhZjY4MzE5MDMxMWJlMGE2MjliNDVhZDBmMjdiNGY4NGFiNjhi&ts=1610010516]

The Hungarians are increasingly worshiping Suzuki

The Hungarians are increasingly worshiping Suzuki

Last year, 27% more Suzuki cars were registered in Hungary than in 2017, 58 percent of which was Vitara produced in Esztergom. This year's optimism at Magyar Suzuki Zrt. Indicates that this year's plan for this year has been modified in an ambitious way. The company,