South Koreaʼs Bumchun Precision plans to build a HUF13.3bn (EUR41m) plant supplying parts for electric cars in northern Hungary. The Hungarian government will provide HUF2.65bn for the construction of the plant, which will...
In the conditions of weakening international trade, the increase in sales to Germany proved to have a positive impact on the growth of Polish exports in 2018. This was largely due to factors not related to demand.
In spite of Russia’s stagnating economy, let alone the highly unfavorable political climate between the Russian Federation and Europe, the volume of Russian-German trade in 2018 increased by nearly 9 per cent, reaching almost...
In November 2018, German car giant Volkswagen announced the opening of a big car factory, which would be the main plant for the production of various car models in the Central and Southeast Europe.
The downturn in the automotive market has contributed to a slowdown in the European economy. This is affecting the German car industry and its suppliers, mainly from Central and Southeast Europe (CSE).
Russian leading internet company is working on a driverless technology together with Hyunday and with the blessing of Russian government.
Volkswagen Slovakia is laying off 3,000 workers at its plant in Bratislava. But is the widespread view that this is due to a shift towards e-car production a valid argument?
In 2018, the number of electric vehicles surpassed 4 million worldwide. This is still only a fraction of all the vehicles on the roads, but the rate of changes in the automotive market indicates that soon cars with internal...
In 2018, Škoda Auto, a subsidiary of the Volkswagen Group, delivered a record number of 1.25 million automobiles, surpassing its last year record by 4.4 per cent. The Mlada Boleslav-headquartered company has been increasing its...
The automotive companies operating in Europe are in trouble. The decline in the sales of diesel cars indicates that manufacturers may not be able to meet the targets for CO2 emissions.