Márton Nagy, Economic Development Minister, met with executives from Mercedes-Benz Manufacturing Hungary in his office on Monday.
According to MTI, Minister Nagy met with Mercedes-Benz Manufacturing Hungary CEO Christian Wolff, CFO Karsten Twele and PR director Sándor Dávid. The sides discussed economic trends and the situation of the automotive industry, including issues of competitiveness. Nagy said vehicle manufacturing was a pillar of Hungary’s economic performance, next to battery production. The new industry strategy currently being developed handles the sector as a priority area, he added. Mercedes has been present in Hungary for nearly 15 years, producing some 135,000 vehicles annually. The company’s turnover exceeds 3 billion euros in Hungary and it employs nearly 5,000 people, the ministry said. The sides were in agreement that economic cooperation must be further increased, and innovation and research must be encouraged, the ministry said.