Hungary
Industry
South Korean Hankook Tire will invest EUR230mn in its European manufacturing centre in Rácalmás, Hungary in a bid to double production in the region to 10mn tyres a year by 2012...
2010-02-01Industry
Hungary's automotive market will take at least two to three years to recover to the pre-crisis level of 120,000-140,000 units sold a year, believes Peter Erdelyi, the chairman of...
2010-01-12Industry
News: Japanese automaker Suzuki Motor's Hungarian subsidiary Magyar Suzuki sold 8,112 passenger cars in 2009, compared with 24,864 cars sold in 2008. While car sales for the subsidiary...
2010-01-06Industry
New vehicle sales in Romania reached just over 12,000 units in October, down 50% compared with the same month last year, according to carmakers in the country.
2009-11-19Industry
News: Hungarian auto parts maker Raba has registered a third consecutive net loss in Q309. The axle maker's sales have plunged by 42.3% year-on-year (y-o-y) in the third quarter to...
2009-11-18Industry
The European Commission is demanding the Hungarian government modify its car registration tax legislation which it believes does not comply with EU tax rules, online news source
2009-11-05Industry
The Hungarian government is planning to boost domestic bus production in an attempt to renew the country's overall bus fleet. Although the programme is at an initial stage, industry...
2009-09-28Industry
Magyar Suzuki, the Hungarian subsidiary of Suzuki Motor Corporation, will be downsizing its output from 281,680 units produced last year to only 180-190,000 units by end-2009. The...
2009-09-01


