Opel launches production of small engines (update)
German carmaker Opel launched serial production of small petrol engines at its base in Hungary, the carmaker announced today.
The launch completed the product palette at Opel's €700 mln plant in Szentgotthárd which started operating early in 2013. The plant can turn out an annual 650,000 1.4-, 1.6- and 1.8-liter petrol and diesel engines, but output is expected to reach 560,000 units by 2016.
About 46% of Opel's suppliers are Hungarian, state secretary Péter Szijjártó commented on the announcement.
General Motors vice president Joachim Koschnicke said most Opel engines would be made in Szentgotthárd from 2017.
Opel will make about 12,000 of the small engines this year, but the number will reach 14,000 in the first full year of production. This year, the plant will turn out a combined 107,000 engines.
SUPPORT THE BUDAPEST BUSINESS JOURNAL
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.