Volkswagen to keep record Slovak output in high gear

Automotive

Volkswagen AG doubled output of its Slovak factory to a record last year as the introduction of new models offset slowing demand for cars across Europe. The plant located just outside the Slovak capital, Bratislava, assembled a 419,888 vehicles, compared with 210,441 in 2011, the unit’s chief Albrecht Reimold told reporters Thursday. New Small Family models, which were introduced in late 2011, accounted for almost one-half of shipments. Europe’s largest carmaker is boosting output in the eastern country, seeking to benefit from its euro adoption combined with lower labor costs than in Western Europe. Volkswagen’s Slovak unit will seek to maintain the record production volume, depending on market conditions, Reimold said.

ADVERTISEMENT

Századvég raises GDP forecast to 7.8% Analysis

Századvég raises GDP forecast to 7.8%

Opposition parties to begin PM candidate primaries Elections

Opposition parties to begin PM candidate primaries

Martina Cifer joins Avison Young Hungary Appointments

Martina Cifer joins Avison Young Hungary

BFK developing regional cycling strategy City

BFK developing regional cycling strategy

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.