After-tax profit of the unit rose to EUR 343 mln from EUR 332 mln.

Audi Hungaria turned out 1,677,545 engines at its plant in Győr, 56,778 more than a year earlier. Audi Hungaria's vehicle output rose by 119 to 171,134.

The company had 11,957 people on payroll at year-end, 26 fewer than 12 months earlier.

Audi Hungaria chairman Alfons Dintner said the unit had been able to maintain production volume and keep its workforce in spite of the challenges posed by the chip shortage, the pandemic, the war in Ukraine, and the volatile economic situation. Audi Hungaria has an "important role" within Audi and Volkswagen, he added.

From 2024, Audi will produce the Cupra Terramar in Győr, making it the first Audi base at which more than one brand is manufactured, he said. He added that the future is "promising", pointing to large order stock for engines, vehicles, and tools.

Dintner said the switch to electromobility is continuing, and preparations are underway for the production of next-generation electric motors and MEBeco electric drives. 

Zoltán Les, board member for car production, said the process of integrating the production of the Cupra Terramar model is underway and the production line will shut down for the first two weeks of April to accommodate the changeover.

Fielding questions, Kinga Németh, the board member in charge of HR, said management is in talks with union representatives with the aim of reaching a wage agreement by March 31.