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Jul 24, 2019

Audi to increase its investment in Hungary

German car manufacturer Audi AG has announced that it will invest another HUF 41 billion (EUR 126 million) in its Győr plant.

German car manufacturer Audi AG has announced that it will invest another HUF 41 billion (EUR 126 million) in its plant located in Győr, northwest Hungary.

Péter Szíjjártó, Minister of Foreign Affairs and Trade, said the investment – to which the Hungarian budget has contributed HUF 6.4 billion (EUR 19.6 million) - will create another 250 high-tech jobs.

The Minister added that with this investment, foreign car makers with operations in Hungary – which make a significant contribution to the country’s GDP – may well be on track for a record output this year, given that in the first five months of the year their production rose 12 percent from the same period in 2018.

Achim Heinfling, chairman of the board of Audi Hungária said the investment will serve two purposes: further expanding the capacity of electric car drive train production and developing more sophisticated engine testing facilities at the Győr plant.

Last year Audi Hungária – due to changes in EU regulations regarding car production – has seen a 2.3 percent fall in output to HUF 2.3 trillion (EUR 7 billion) and with the new investment its total workforce will reach almost 13,000.

Photo credit: MTI