Vehicle Industry

GM Invests EUR 500 million in Stepping up Production in Hungary

General Motors has unveiled a new EUR 500 million investment in transforming its Hungarian site into a European engine-manufacturing center for Opel.


SMR Subsidiary Expands Production in Hungary

Samvardhana Motherson Refletec (SMR), an Indian-based multinational rear-view mirror manufacturer has broken ground for a new 15 000 sqm production facility near the north-western Hungarian town of Mosonmagyaróvár.


Electric Car Rental Network in Budapest

The prototype of the first Hungarian-designed electric car, Bontino Caffo, developed by Brixxon Electric MotorCars, will hit the roads of Budapest next year.


Borsod Volán Spends HUF 456 Million

Borsod Volán, a unit of state-owned bus company Volán, is spending HUF 456 million to make improvements at seven bus stations, CEO György Sárkozi said at a press conference on August 5.


Jato: New Car Market Down 28.0pct In June

According to Jato Dynamics, Hungarian new car sales have fallen again in June (down 28pct on June 2009) dragging down the overall year-to-date figure.


Hungary New Passenger Car Sales Rise 25 pct m/m, Fall 28 pct yr/yr In in June

The number of new passenger cars sold in Hungary rose 25.2 pct to 4,254 in June from May, but sales fell 27.9 pct year-on-year, Datahouse told on July 2.


The Esztergom Plant Will Begin Manufacturing of Sixth-Generation Suzuki Swift

Magyar Suzuki, the Hungarian unit of Japan's Suzuki Motor Corporation, will begin manufacturing sixth-generation Suzuki Swifts at the company's plant in Esztergom following the annual summer production shutdown.


Maxon to Upgrade Production at its Hungarian Unit in Veszprém

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.


Mercedes-Benz is Fast Recruiting for its Kecskemét Plant

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.


Bau-Trans Invests HUF 2.5 Billion to Upgrade its Vehicle Fleet

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.


News Monitoring