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

If you see the Aston Martin’s 2018 Vantage, you would think that it is significantly different from most of Aston’s GT lineup. For instance, if the DB11 is a fine...
by - November 24, 2017
Even as Chevrolet is making a huge splash in the industry with the recent launch of the new Corvette ZR1, there may be trouble brewing. Chevrolet has announced huge discounts...
by - November 24, 2017
The 2018 GMC Sierra 2500HD has arrived this week at the snowy mountains in Colorado for its winter long debut. GMC’s tracked Sierra Mountain Concept will be on display at...
by - November 24, 2017
We’re willing to bet that the Bentley Bentayga is not the first thing that comes to mind for most people who are into off-roading and outdoor activities. It just doesn’t...
by - November 23, 2017
The other day, it was confirmed that Volvo will finally bring the XC40 to US soil, where it will first make an appearance at the 2017 Los Angeles Auto Show....
by - November 23, 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