Audi Hungaria H1 revenue rises 15.6% yr/yr
Audi Hungaria Motor Kft, the Hungarian unit of German car maker Audi, had revenue of Ft 2.45 billion in the first half of 2006, 15.6% more than in the same period a year earlier, the company said on Tuesday.
Audi Hungaria's plant in Győr, northwest Hungary, produced 995,000 engines in H1 2006, 18% more than in H1 2005. The plant also added a 5.2-liter ten-cylinder engine to its production line.
Audi Hungaria plans to produce 1.8 million engines by year-end. Engines produced at the plant go into Audis, Volkswagens, Skodas and Seats made at plants around the world.
Audi Hungaria made investments of almost €150 million in H1 2006, including €73 million spent on research and development. The company plans to spend a similar amount on investments in the second half.
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.