The French automaker suspended production Russia in early April.
Renault derives a larger chunk of its revenues from Russia than other major carmakers
Some Italian and French manufacturers have already stopped production
A company spokesperson explained the plant’s closure was due to Russia’s invasion of Ukraine and would take effect immediately
European manufacturers hope for a rebound this year with 10.5 million new cars estimated to be registered across the continent
Mercedes’ car sales in Germany plummeted by more than 25 percent
The chip shortage is expected to last at least a few more months, but auto production is already taking a serious hit in Hungary
Germany’s Bosch Automotive Steering will invest another HUF 52.5 billion (€146 million) in Hungary, Minister of Foreign Affairs and Trade Péter Szijjártó announced on Friday
Planned emission limits are unrealistic and will further drive car prices up, while internal combustion engine production moves to China
The Swedish woman claimed that the Volvo logo is sexist, but there turned out to be a big problem with her theory
Newly developed buses can function as mobile medical stations or vaccination points
Second victory for German environmental agencies
Now planned for 2025, the new standard will effectively ban the sale of internal combustion engines, which could result in tens of thousands of jobs losses
New line geared up for production during the pandemic
Vehicles made between 2013 and 2018 recalled
Audi invested €11 billion in Hungary so far
Luxury-carmaker Ferrari now worth more than General Motors and Ford
The VW factory is currently operating at 10-15 percent of capacity
Suzuki is the second company to reopen production after Audi
Suzuki will keep paying its employees after coronavirus sends automotive industry worldwide into a tailspin
Electric car with a starting price of €10,000
Objections over tree felling and water usage
€38 million Opel investment had a large impact
Suzuki still market leader
SDI Samsung will expand the capacity of its plant in Göd, central Hungary to the tune of HUF 390 billion.
The United Kingdom is an important export destination not only in terms of direct but also indirect exports. Hard Brexit could have tainted the Czech economy by tens of billions of crowns and tens of thousands of jobs, especially in the automotive industry.
