Mercedes-Benz Hungary unit turnover falls to EUR 3.1 bln in 2021

Automotive

Revenue of German carmaker Mercedes-Benz's local unit fell to EUR 3.1 billion in 2021 from EUR 3.4 bln in 2020, Mercedes-Benz Manufacturing Hungary said on Thursday, according to a report by state news wire MTI.

Mercedes-Benz Manufacturing Hungary's profit climbed to EUR 68 million from EUR 39 mln during the period.

The unit's plant in Kecskemét turned out over 135,000 cars last year, around 25,000 fewer than in 2020, but the model mix, with more EQB, plug-in hybrid, and AMG models, boosted margins.

The plant had a number of temporary shutdowns in 2021 because of the global semiconductor shortage.

More than 4,500 people work for Mercedes-Benz Manufacturing Hungary.

ADVERTISEMENT

World Hurtling Towards Recession and Possible Financial Cris... Analysis

World Hurtling Towards Recession and Possible Financial Cris...

Lawmakers postpone expanded data provision for tourism secto... Parliament

Lawmakers postpone expanded data provision for tourism secto...

Dóra Petrányi to co-head CMS Tech, Media, and Comms Group Appointments

Dóra Petrányi to co-head CMS Tech, Media, and Comms Group

Budapest targets tourists with public transport fare hikes City

Budapest targets tourists with public transport fare hikes

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.