Posted by: Gabor Grenczer, Counsellor, Economy and Trade Posted on: Monday 11 October 2010, 16:52

German car-maker Audi will invest EUR 900 million in expanding capacity at its base in the Hungarian city of Gyor by 2013, Audi Chairman of the Board of Management Rupert Stadler and Hungarian Prime Minister Viktor Orban said on 23 September. The investment will create 1,800 jobs, and it could add 2 pct to Hungary's GDP when completed, Mr Orban said. Audi's base in Gyor will be the source of 15,000 jobs, both at the plant and at suppliers, when the capacity expansion is completed, Mr Stadler said. The expansion will raise the annual number of cars produced at the Gyor base to 125,000.

Search: ITDH News, 23 Sep 2010