Audi to increase engine production in Hungary, says Szijjártó

Automotive

Photo by Morfon Media/Shutterstock.com

German carmaker Audi will increase the production of engines at its Hungarian factory to 2.25 million units next year, Minister of Foreign Affairs and Trade Péter Szijjártó has said, international news wire Reuters reported.

A 2020 model Audi TT RS Coupe on display at an automobile technology trade show in Budapest this October (photo by Morfon Media/Shutterstock.com)

“They plan to manufacture 2.25 million engines next year, and so far 2 million has been the annual record,” Szijjártó was quoted as saying by Reuters.

An Audi representative at the premium carmaker’s Ingolstadt headquarters in Germany declined to comment on internal planning.

The carmaker, which is part of the Volkswagen group, has been making engines in Hungary since 1994. Of the 1.95 mln engines produced in 2018, 9,453 were electric axle drive units, according to the company’s website. The share of electric engines is due to grow steadily.

As reported by the Budapest Business Journal, Audi Hungaria has been in the news in recent days with reports it is planning to axe 1,200 jobs. The automaker has said it is not laying off staff but responding to market patterns by reducing the number of employees on fixed-term contracts.

ADVERTISEMENT

Farm, food industry confidence improves slightly in Q2 Analysis

Farm, food industry confidence improves slightly in Q2

Meeting called to address Pegasus spyware lacks quorum  Parliament

Meeting called to address Pegasus spyware lacks quorum 

Skanska commercial dev unit names new EVP of operations Hung... Appointments

Skanska commercial dev unit names new EVP of operations Hung...

Zsa Zsa Gabor's ashes buried in Budapest City

Zsa Zsa Gabor's ashes buried in Budapest

SUPPORT THE BUDAPEST BUSINESS JOURNAL

Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.