Vehicle Industry

Chinese Company Won Hungarian Bus Tender of over EUR 9 million

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.

Opel Sticks to Its Szentgotthárd Plant

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

Hankook Tire Invests 230 Million Euros in Hungarian Unit to Double its Capacity

“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.

Orientbus Starts Technology Transfer Program with China

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

Daimler Lays Cornerstone for EUR 800 Million Plant in Hungary

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

Bus Manufacturer Sells Thousands of Vehicles in US

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

FAZ Says Magna Might Move to Hungary

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.

500 Million Innovation Centre in Győr

TECHNONET, the 5,200-square-meter plant of vehicle manufacturers in Gyor, West Hungary, will be inaugurated by the end of 2009.

REVA Considering to Produce Electric Cars in Hungary

US-Indian joint venture REVA Electric Car Co. Ltd. (RECC) is considering building a new plant in the Hungarian city of Debrecen, local newswire Figyelo reports.

Bosal Group to Receive State Subsidy For HUF 3 Billion Investment at Plant in Hungary

Belgian automotive company Bosal Group on 20 July signed a contract to receive state subsidy to cover a portion of the company's investment at its plant in Kecskemet.

News Monitoring