Audi, Hungary Cooperation 'Real Success Story' - Szijjártó

Automotive

Minister of Foreign Affairs and Trade Péter Szijjártó said the cooperation between Hungary and German carmaker Audi was a "real success story based on mutual respect" at a branding event celebrating the 30th anniversary of Audi Hungaria in Budapest on Wednesday, according to a report by state news wire MTI.

Szijjártó called ties with Audi an "outstanding example of a dependable partnership and friendly cooperation" that go back three decades and said that cooperation would continue for decades to come.

He noted that Audi Hungaria is now among the biggest companies in Hungary, based on revenue, and one of its largest exporters. He also recalled a number of milestones in the company's history, such as the addition of engine production at the plant in Győr in 1998, the establishment of a tool plant in 2005, and the launch of serial production of electric motors five years earlier.

Audi has plowed EUR 12 bln into its operations in Hungary, making it the biggest vehicle manufacturing industry investor in the country, he said.

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