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

Audi’s intention to bring out the Renn Sport Racing version of the Q5 was made clear when it unveiled the Audi SQ5 at the 2017 Detroit Motor Show early this...
by - July 22, 2017
Kia’s Sorento midsize sports utility vehicle is reaching its mid-cycle for the 2018 model year. Thus, its fans, enthusiasts and satisfied customers are expecting the Sorento to receive an update...
by - July 22, 2017
The Lotus Evora Sport 410 astonished the world after arriving as the more powerful and lighter edition of the already impressive Evora 400. Now, Lotus Cars is throwing in another...
by - July 22, 2017
The Europe-bound WRC hatch developed by Toyota and Gazoo Racing team will be limited to just 400 examples as reported by AutoCar this week. Otherwise known as Gazoo Racing Masters...
by - July 21, 2017
Even cops get excited when they’re assigned to drive the best cars in the market. In Austria, police officers drive around in a Porsche 911 Carrera while in Milan, authorities...
by - July 21, 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