German car maker Audi will expand the product range of its Hungarian unit next year to include a 1.8-liter, 160 bhp fuel-stratified injection (FSI) engine, managing director of Audi Hungaria Motor Kft Thomas Faustmann said on Wednesday.
The engine will be shipped to Audi and Volkswagen units around the world, Faustmann said. Also starting next year, Audi Hungaria will start operating with three shifts. The unit will employ 750 workers to assemble Audi's TT Coupe and TT Roadster models, he said. Faustmann said Audi Hungaria had reduced per-unit manufacturing time to make it one of the most efficient engine manufacturers in the world.
The company expects to close 2006 with revenue of Ft 5 billion, up almost 20% from 2005, financial director Johannes Roscheck said. He declined to reveal the company's profit expectations, but said last year's pre-tax profits of €320 million would be exceeded. Audi Hungaria will turn out 1.9 million engines and 270 TT sports cars this year. The unit employs 5,400 people at its plant in Győr, northwest Hungary. Employee loyalty is very strong, with turnover of just 3.7%.