Opel passenger car sales up 57.6% in Hungary

Recycling

Opel Magyarország, the Hungarian subsidiary of German car producer Opel, reported sales of 7,578 new passenger cars and small commercial vehicles in Hungary in the first nine months of 2014. This translates as a 57.6% increase in sales in the passenger car market, managing director Gábor Koncz told Hungarian news agency MTI.

Opel Magyarország is expecting to raise the number of new cars sold to above 10,000 this year. Opel is a leader in the Hungarian passenger car market with a share of 13.59%.

Opel launched serial production of small gas engines at its base in Szentgotthárd in western Hungary in July. The launch completed the product palette at Opel's €700 mln plant which began operating early in 2013. The plant is capable of turning out an annual 650,000 1.4-, 1.6- and 1.8-liter gasoline and diesel engines, but output is expected to reach 560,000 units by 2016.

MNB Business Confidence Index Slips in March MNB

MNB Business Confidence Index Slips in March

Chinese President to Visit Budapest in May Visits

Chinese President to Visit Budapest in May

Richter Shareholders Approve HUF 423/Share Dividend Pharma

Richter Shareholders Approve HUF 423/Share Dividend

Liz & Chain Rooftop Bar Debuts Sustainable Cocktails Drinks

Liz & Chain Rooftop Bar Debuts Sustainable Cocktails

SUPPORT THE BUDAPEST BUSINESS JOURNAL

Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.