Report: Jaguar Land Rover chooses Austria over Hungary

Automotive

Contrary to previous expectations, Jaguar Land Rover automobile manufacturer has chosen Magna Steyrʼs offer to produce cars in Graz, Austria, rather than in Hungary, online news portal hvg.hu reported today.

The report noted that the English multinational automotive company previously put forward the possibility of opening itʼs new automobile factory in Debrecen, Szombathely, Zalaegerszeg or Győr.

According to hvg.hu, the companyʼs growth rate exceeded the capacity of the companyʼs plants in the United Kingdom, as such expansion became necessary. 

Jaguar Land Rover manufactured one third of the 1.53 million the cars made in Britain, hvg.hu noted. In 2008, Indian automobile manufacturer, Tata Motors Limited bought the company from Ford Motor Company.

 

 

ADVERTISEMENT

Almost half of Hungarians get fringe benefits, survey shows Analysis

Almost half of Hungarians get fringe benefits, survey shows

19,000 young jobseekers hired in expanded subsidy program Government

19,000 young jobseekers hired in expanded subsidy program

Manager screenings - not just for managers Interview

Manager screenings - not just for managers

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.