Vehicle Industry

Swiss owned high-precision drive-system manufacturer Maxon AG will commence production of whole motors and rotors to the company's Hungarian unit, Maxon Motor Hungary, which has so far been manufacturing spare parts only.

The construction work at the Daimler AG’s Hungarian plant in Kecskemét has already begun, while recruitment is also going ahead at the same time.

Hungarian logistics company Bau-Trans Kft is planning to invest a total of HUF 2.5 billion in 2010 upgrading its vehicle fleet, the company’s boss Zoltán Papp told business daily Világgazdaság.

A Chinese Automotive Industry Co Ltd. won in a second round the public procurement tender of the Hungarian Volánbusz Zrt for the delivery of 60 buses.

General Motors announced that it does not cease any workplaces in its Szentgotthárd plant.

“The demand for our tires has been growing steadily and dynamically all over Europe,” said Jin-Wook Choi, Hankook Tire Executive Vice-President and COO in Europe.

Chinese public transport vehicle provider Jing Long and Hungarian Orientbus, MJT join forces to manufacture buses in Bazhou, China.

German car maker Daimler on October 16 laid the cornerstone for a EUR 800 million plant in the Hungarian city of Kecskemet.

NABI, a Hungarian bus manufacturer has delivered the 7,000th bus to the United States, its primary market.

Frankfurte Algemeine Zeitung believes that the Canadian-Austrian Magna taking over the management of Opel would like to move the motor and gear system production to Szenttgothard, Hungary.