Ford expands SSC capacity in Hungary

Automotive

Ford Motor company on Wednesday announced the establishment of Ford Business Solutions Europe in Budapest, according to a report by state news wire MTI.

Ford said several existing financial, planning, sales, marketing and HR functions, serving both Ford's European business and some global activities, had been transferred to Ford Business Solutions.

The company has expanded its shared service center operations in Hungary over the past 10 years and now employs 624 highly qualified professionals in a wide range of areas, the company added.

Ford noted that it has 40 suppliers in Hungary, while it controls over 9% of the local market for passenger vehicles and has 32% share in the commercial vehicle segment.

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