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Europe: Mercedes and Audi support Hungarian economy

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Europe: Mercedes and Audi support Hungarian economy

Both Audi and Mercedes-Benz, thanks to increased sales, have grown their local Hungarian vehicle production output, giving a boost to the country’s overall economy.

During the second quarter, the nation’s Gross Domestic Product increased 3.9% – the sharpest rise in the economy since 2006 – mainly thanks to the 11% climb of the overall industrial output. In turn, rising production numbers at the automakers mainly drove the latter.

Mercedes-Benz, the world’s third largest premium automaker, entered local car production in Hungary back in 2012 as it opened its first manufacturing facility in Kecskemet, Hungary. Today the factory has a workforce of over 3,000 people and manufactured in 2013 at least 100,000 units. This year in May the company added its third shift at the plant to cater for increased demand for its B and CLA models.

Audi, the second luxury carmaker in the world, and also a long time producer of cars in Hungary, just completed in 2013 a 900-million euro ($1.23 billion) expansion project of its Gyor, Hungary facility. The plant now covers the entire spectrum of production and can churn out around 160,000 vehicles annually. The factory now builds the TT Coupe and Roadster, A3 sedan and A3 convertible, and last year manufactured 42,851 cars and 1.93 million engines, mostly for export.

Via Automotive News Europe

 

by Aurel Niculescu (my Google+) - Monday, August 18th, 2014 - filed under Audi, Industry, Mercedes-Benz, News. Image credit: .
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