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Mono-Ipolyfabric Invests $6 Billion – It Happened in Week 26

Mono-Ipolyfabric Invests  Billion – It Happened in Week 26

Mono-Ipolyfabric, which deals with the design and production of interior decoration items for luxury cars, is building a new production plant and research and development center with an investment of about HUF 6 billion.

Robert Bosch Energy and Body Systems Kft. Miskolc has developed a cooling system technology that serves the needs of hybrid and electric vehicles.

Kapos Atlas Gépgyártó Kft. The new factory hall in Kaposvár has been expanded. The company, which is mainly engaged in the production of components for construction and agricultural machinery, has been developed from half a billion forints.

It was good and bad news

Convictions about good and bad news have also been issued for Volkswagen in the US in connection with the diesel scandal. Half a victory, according to the San Francisco Court of Appeals, considers that it must be re-examined whether the policyholder can sue the company on the basis of his damages. However, the bad news is that Ohio could sue the company and the case could end up with an unprecedented amount of punishment.

Audi, part of the Volkswagen Group, will follow the brand’s lead. You’ll sell your electric cars by what’s called the dealership model, excluding dealerships.

Mercedes-Benz is set to hire thousands of software engineers to support digital transformation, and will increase the number of research and development workers by 2,000 globally.

Production stopped at Jaguar Land Rover’s plant in Nitra last week. The reason for the downtime was due to a shortage of chips which caused global unrest.

Renault has unveiled a new business strategy that plans to get 90 percent of its sales from pure electric vehicles by 2030. The company also announced a partnership with two battery manufacturers, one of which aims to develop high-performance batteries for alpine sports cars.

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Renault has announced the construction of a new electric mobility complex in the UK, where electric cars will also be produced and batteries developed. The company also sued a former battery supplier for supplying nearly one million defective batteries.

Volvo Cars will launch this year. The Swedish company has ambitious plans, including the complete phase-out of the internal combustion resource, which will be useful in persuading investors.

Ford will shut down several North American units in July and August, but now it’s not just the semiconductor shortage that’s causing supply disruptions.

A few days after it was delivered, a copy of Tesla’s all-new Model S Plaid caught fire in the US.

Knorr Brimes vs. Hila

Knorr-Bremse is in talks with a view to becoming the largest owner of the family-owned parts maker Hella.

One of Daimler’s partners, the Chinese battery manufacturer Farasis, will develop with the latest automobile supplier, which may have entered into a new collaboration with Daimler Buses.

Chemical company BASF is preparing to build a lithium-ion battery recycling plant in Germany, which could start operating in 2023.

I miss the big bang

The Hungarian Automobile Importers Association has well revised its forecast for Hungarian new car sales for this year. According to the organization, approximately the same number of cars will be sold this year as last year.

Sixteen new buses have been added to the fleet of fleet buses. The vehicles are part of an order of 204 MAN articulated buses that was agreed last December.

GKI Economic Research raised its forecast for Hungarian economic growth to seven percent this year from 4.3 percent in March, due in part to a faster-than-expected recovery from the crisis.

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Canada will ban the sale of new petrol and diesel cars and vans from 2035. Thus, the North American country follows a similar example from several countries and administrative units.

In the first five months, a quarter of the additional cars were produced in Romania, but production was still significantly lower than it was before the pandemic.

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