Continental unveilsHUF 1.2bn investment in Hungary

The Hungarian unit of German automotive industry supplier Continental on Friday inaugurated a net HUF 1.2bn investment at its plant in Budapest.
BusinessFriday, 20:20 January 27., 2012 Read more

Auto-Szoft completes HUF 109m production hall

Hungarian automotive industry supplier Auto-Szoft Automatizalasi es Gepgyarto has completed a HUF 109m production hall at its base in the Gyor Industrial Park (NW Hungary), managing director Bela Papp told MTI.
BusinessFriday, 09:50 January 27., 2012 Read more

Daimler in talks to move more production to new plant in Hungary

German carmaker Daimler is in talks with Austrian-Canadian machinery maker Magna on moving production of the Mercedes G-Class sport utility vehicle to Hungary, Austrian daily Kleine Zeitung said on Thursday, citing a Magna official.
BusinessThursday, 18:10 January 26., 2012 Read more

I. G. Gasket International building HUF 810m plant in NW Hungary

Automotive industry supplier I. G. Gasket International is building an HUF 810m plant in Rajka, near Hungary’s borders with Austria and Slovakia.
BusinessThursday, 09:25 January 26., 2012 Read more

Iron-Tech Zrt completes EU-supported investment

Iron-Tech Kereskedelmi, Szolgaltato es Termelo Zrt, a company that produces metal parts primarily for the automobile industry, completed a HUF 200m technological investment at its plant in Szigetvar (S Hungary), company owner-CEO Tibor Bocskor told MTI on Wednesday.
BusinessWednesday, 11:45 January 25., 2012 Read more

Audi Hungaria makes 1.8m engines in 2011

German carmaker Audi closed a record year at its base in the Hungarian city of Gyor, turning out more than 1.8m engines and almost 40,000 cars, Audi Hungaria said on Tuesday.
BusinessTuesday, 13:45 January 24., 2012 Read more

Opel to rev up Hungary engine production this year

German car-marker Opel will manufacture 100,000 more engines at the company’s plant in Szentgotthard (W Hungary) in 2012 than it did in 2011, factory Spokeswoman Edit Legardi told MTI on Wednesday.
BusinessWednesday, 18:25 January 18., 2012 Read more

Opel to hire 210 more workers at new plant in W Hungary this year

German car-marker Opel will hire 210 more workers at its new, €500m assembly plant set to begin production in the town of Szentgotthard (W Hungary) this year, factory director Tamas Solt announced on Wednesday.  
BusinessWednesday, 09:55 January 18., 2012 Read more

Magyar Suzuki says will not downsize despite losing Opel Agila contract

Magyar Suzuki, the Hungarian unit of Japanese carmaker Suzuki, will not lay off workers at the company’s factory in Esztergom (N Hungary) in spite of GM’s decision to discontinue production of Opel Agila cars at the plant, Magyar Suzuki Communications Director Viktoria Ruska told MTI on Monday.
BusinessMonday, 17:35 January 16., 2012 Read more

BorgWarner unit plans to increase capacity, hire workers

BorgWarner Turbo Systems Kft, the Hungarian unit of US-based global automotive industry components and parts supplier BorgWarner, is planning to increase capacity by 50% and hire 140 more workers at its turbocharger manufacturing plant in northern Hungary by 2015, the business daily Napi Gazdasag reported on Monday.
BusinessMonday, 11:20 January 9., 2012 Read more

Hungary new car sales set to rise 15% in 2012

The Hungarian Vehicle Importers’ Association (MGE) expects the number of new cars registered in Hungary to climb 15% to 52,000 this year, managing chairman Peter Erdelyi said at a press conference on Thursday.
BusinessThursday, 12:00 January 5., 2012 Read more

Hankook Tire Magyarorszag sees share of direct deliveries climb in 2012

Korean-owned Hankook Tire Magyarorszag expects the share of direct deliveries to carmakers to grow in 2012, the company told MTI.
BusinessWednesday, 11:25 December 21., 2011 Read more

MNV to acquire almost 10m Raba shares

The National Asset Management Company (MNV) is to acquire almost 10m shares of vehicle and vehicle parts maker Raba as a result of its public purchase offer and the ensuing share transfer agreements, Raba said.
BusinessThursday, 11:40 December 15., 2011 Read more

Eissmann Automotive inaugurates HUF 1.5bn production hall

German-owned automotive industry supplier Eissmann Automotive Hungaria on Friday inaugurated a HUF 1.5bn production hall at its base in Nyiregyhaza.
BusinessFriday, 13:20 December 9., 2011 Read more

Audi establishing vehicle development division at base in Hungary

German carmaker Audi is establishing a vehicle development division at its unit in Hungary, Audi Hungaria Motor managing director Thomas Faustmann said on Monday.
BusinessMonday, 13:20 December 5., 2011 Read more

Rába stands by revenue, profit targets

Hungarian vehicle and vehicle parts maker Rába can achieve its targeted 10% revenue growth and positive bottom line for the full year - bar risks - because of strong business in Q4, chairman-CEO István Pintér said on Thursday, a day after the company published its Q3 report.
BusinessThursday, 16:00 November 17., 2011 Read more

SMR Automotive sees turnover double by 2014

Indian-owned SMR Automotive Mirror Technology Hungary plans to double the turnover at its plants in Hungary from €180m last year to €360m-390m by 2014, Pal Levente Tibori, director of the SMR plant in Mosonmagyaróvár (NW Hungary), said on Thursday.
BusinessThursday, 15:55 November 17., 2011 Read more

Rába has net losses of HUF 1.5bn in third quarter, recommends state takeover

Hungarian vehicle and vehicle-parts maker Rába had net losses of HUF 1.5bn in the third quarter of 2011, compared to net income of HUF 391m in Q3 of 2010, as a result of sharp net financial losses during the period, the company’s third quarter consolidated IFRS report published following the close of markets on Wednesday showed.
BusinessThursday, 09:30 November 17., 2011 Read more

Audi makes 10m four-cylinder petrol engines at Hungary plant

German carmaker Audi has turned out the ten-millionth four-cylinder petrol engine at its plant in Hungary, Audi Hungaria said on Tuesday.
BusinessTuesday, 16:50 November 15., 2011 Read more

State will not fund Rába purchase from budget

No budget funding will be used to purchase the shares of Hungarian vehicle and vehicle parts maker Rába, Hungarian National Asset Management Company (MNV) portfolio director Csaba Polacsek said at a press conference on Tuesday.
BusinessTuesday, 17:35 November 8., 2011 Read more

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