German carmakers plan investment record in Hungary

Posted by Automotive, Latest News, Top News Thursday, September 23rd, 2010

German car makers are breaking new records. However these will not be speed or endurance records, but rather an all new investment record in Central and eastern Europe. The Ingolstadt-based automaker Audi AG (a member of the Volkswagen Group), plans to investment at least EUR 1-bil at its production and assembly unit in Gyor, North-western [...]

New car sales up

Posted by Automotive, Latest News, Top News Tuesday, August 10th, 2010

The number of new car sales in Hungary increased after almost a year, according to the Hungarian Association of Vehicle Importers (MGE). The number of new passenger vehicles in July 2010 were 4,359 (up 19% year-on-year), while the number of light commercial vehicles (LCV) were 855 (up 49% year-on –year). According to market researchers there [...]

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