Audi Revenue up 8% Last Year

Automotive

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The revenue of the local unit of German automaker Audi rose 8% to EUR 9.102 billion last year, Audi Hungaria said in a press release this week. 

The after-tax profit of the unit edged up 3% to EUR 354 million. Capex reached EUR 343 mln as the company invested in series production of the new Premium Platform Electric drives and the EA888 R4 Otto drives. 

Since its establishment in 1993, Audi has plowed EUR 12.5 bln into its operations in Hungary. Audi Hungaria chairman Michael Breme said economic challenges had had "a major impact" on the 2023 business year but added that the company had continued to be a "particularly important player" in the Hungarian economy. 

This year, Audi Hungaria will start production of the Cupra Terramar model and continue to prepare for the next generation of its MEBeco electric drives.

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