Suzuki launches production of Vitara in Hungary

Japanese car producer Suzuki today launched production of its new Vitara model at its Hungarian plant in Esztergom in northern Hungary, the company announced at the opening ceremony today.
BusinessThursday, 13:20, March 5, 2015 Read more

Report: New car registrations grow y.o.y. 18%

New passenger car registrations in Hungary saw a year-on-year rise of 18%, to 5,914, in February, with light commercial vehicle registrations increasing by a y.o.y. 31% to 1,242, automotive industry information service Jato Dynamics told Hungarian news agency MTI today.
EconomyMonday, 14:00, March 2, 2015 Read more

Rába wins HUF 5 bln tender to supply chassis for fire engines

Rába Vehicle affiliated with the Hungarian state-owned company Rába Automotive Holding won a HUF 5 bln open tender to supply chassis for disaster relief vehicles to state-owned BM HEROS, yesterday's issue of the Public Procurement Gazette showed. 
BusinessTuesday, 08:25, January 27, 2015 Read more

New Ford sales jump 37.8% in Hungary

The sales of new Ford models in Hungary grew last year by 37.8%, well over the 21.6% growth of the market as a whole, Central and Eastern European Sales told Hungarian news agency MTI today. Sales of Ford LCVs increased by 42.7% reaching 3,345 to give it a 16.1% market share.
BusinessFriday, 11:55, January 9, 2015 Read more

New passenger vehicles sales rise 21%

Hungary saw a year-on-year increase of 21% to 6,093 new passenger vehicles in December, Jato Dynamics announced yesterday. 
BusinessTuesday, 08:40, January 6, 2015 Read more

MABISZ: Mandatory vehicle insurance premiums little changed

The average annual premium for mandatory vehicle insurance policies in Hungary was HUF 20,094 in Q1-Q3, practically level with a year earlier, but well under those in most other European Union member states, professional association MABISZ announced today.
EconomyTuesday, 15:05, November 25, 2014 Read more

Exedy announces HUF 7.3 bln expansion in Hungary

Japanese clutch and torque converter maker Exedy Corporation is spending HUF 7.3 bln to expand its base in Hungary, CEO Koji Akita said on Wednesday, according to news agency MTI.
BusinessThursday, 08:45, November 20, 2014 Read more

Shutdowns slow vehicle manufacturing output in August

Output growth of Hungary's vehicle manufacturing companies – which is inevitably the main driver of growth in Hungary's industrial sector – slowed to 4.3% y.o.y. in August from 32.0% in July, a second reading of data released by the Central Statistics Office (KSH) revealed today.
EconomyTuesday, 10:40, October 14, 2014 Read more

KSH: Vehicle manufacturing output up almost 24%

Vehicle manufacturers continued to lift industrial output in June, a second reading of data published today by the Central Statistics Office (KSH) shows.
EconomyWednesday, 14:00, August 13, 2014 Read more

Hungary’s industrial production on the rise

Industrial production in Hungary grew by 2.4% in April, preliminary figures by the Central Statistical Office (KSH) have revealed. The 12-month index has seen a 10.1% increase.
EconomyThursday, 13:25, June 5, 2014 Read more

Waberer's to replace 600 vehicles this year

Waberer's management will decide later this year whether to expand the company's fleet by a further 100 vehicles.
BusinessWednesday, 11:50, April 18, 2012 Read more

Hungary new car registrations up 7% in March

Four new buses were registered in March.
BusinessMonday, 17:45, April 2, 2012 Read more

Daimler inaugurates €800 mln plant in Hungary

The plant will employ about 3,000 people to turn out the next-generation compact models.
BusinessThursday, 16:25, March 29, 2012 Read more

Hungary retail sales edge up 0.6% in January

Last year's retail sales were rising the first time since 2006.
EconomyMonday, 12:10, March 26, 2012 Read more

Automotive industry supplier KMGy puts new capacity online

Hungarian vehicle instrument maker KMGy will soon start production with 20 workers at unit Tamgép's base in Tamási.
BusinessWednesday, 11:35, February 22, 2012 Read more

Higher revenue, improved margin lift Rába bottom line

Hungarian vehicle and vehicle parts maker Rába had net income of HUF 1.72 billion in the fourth quarter of last year, which is a big improvement compared to a HUF 283 million loss in the base period.
BusinessWednesday, 15:45, February 15, 2012 Read more

Hungary retail vehicle leasing market contracts to ten-year low

Hungary's retail vehicle leasing market shrank to less than HUF 100bn in 2011, reaching a ten-year low, Lombard Leasing Group said on Friday.
BusinessFriday, 14:40, January 27, 2012 Read more

Vehicle fuel sales fall 2.7% in 2011

Vehicle fuel sales in Hungary fell 2.7% to 2.88bn litres in 2011, data from the Hungarian Petroleum Association (MASZ) show.
EconomyFriday, 11:30, January 13, 2012 Read more

Stadler Rail submits offer in GYSEV railway vehicle tender

One single offer - by Stadler Rail AG - was submitted by the January 3 deadline in the tender called by regional railway company GYSEV, owned by the states of Hungary and Austria, to purchase railway multiple units, the railway company told MTI on Wednesday.
BusinessWednesday, 18:50, January 4, 2012 Read more

Stadler considers further investments in Hungary pending market conditions

The Stadler group’s production capacities are tied down by existing orders, therefore, if the market for railway vehicle manufacturing improves in the next two years, further capacity expansion could be necessary, in which Hungary could be playing a part, the Swiss group’s CEO/owner Peter Spuhler told MTI.
BusinessFriday, 12:35, December 23, 2011 Read more