High output at Mercedes-Benz and Audi is boosting Hungarian economy

Article by Christian A., on August 19, 2014

Higher vehicle production at Mercedes-Benz and Audi is providing a needed boost to the economy of Hungary. According to the Hungarian Central Statistics Office, Gross Domestic Product surged 3.9 percent in the second quarter of 2014 -- the biggest quarterly hike since the first three months of 2006.

The Hungarian Central Statistics Office, expecting continued buoyancy, told Automotive News Europe in an e-mailed statement that economic growth will exceed 3 percent in 2014. One of the main reasons for the growth was a significant increase in industrial output (11 percent) in June, boosted by heightened outputs by carmakers.

Mercedes’s production facility in Kecskemet, Hungary has over 3,000 workers and built more than 100,000 vehicles in 2013. In May, Mercedes added a third shift at its site to better cater to strong global demand for the B class and CLA models.

Likewise, Audi added a third shift in July at its Gyor facility, which builds the TT Coupe and Roadster, A3 sedan and A3 convertible. The Gyor site could produce 160,000 vehicles annually.

In 2013, the site built 42,851 cars and 1.93 million engines. Audi has already spent over EUR900 million ($1.23 billion) in expanding the site to cover all aspects of auto production.

The European Commission, however, announced last month that it had commenced a probe into whether EUR133 million in state aid to Audi met EU rules on competition and regional development. [source: automotive news europe - sub. required]

If you liked the article, share on:

Comments

Recommended

Is there anything more exciting than a spoiler? Well, for those who didn't know, there are those who have already seen the Mercedes-AMG Project One (in the flesh) way before...
by - April 25, 2017
Does the Honda Passport ring a bell to you? This was the first ever SUV that was sold by the Japanese automaker, but it was not that successful compared with...
by - April 25, 2017
Wagon buyers who prefer their vehicle to be luxurious, you will have an entirely brand new selection at the latter part of this year. Porsche will start rolling out 4...
by - April 25, 2017
McLaren rejects the idea of creating anything other than a sports car. That means that vehicles that would be ideal for families such as an SUV or a crossover are...
by - April 25, 2017
The new and improved Opel Grandland X is out, and this large SUV is something the European market did not know they would need. Now measuring at 14.7 feet (4.48...
by - April 25, 2017
Facebook

Youtube Channel

Tip Us
Do you have a tip for us?
Did you film an important event?
Contact us
Newsletter
Subscribe to our newsletter!
Subscribe
Galleries