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First-quarter engine production at Audi plant up 24% yr/yr

German carmaker Audi produced 494,000 engines at its plant in Hungary in the first quarter of 2006, 24% more than in the same period a year earlier, Audi Hungaria Motor Kft announced on Monday.

The plant makes four-cylinder diesel engines and four-cylinder fuel-injection petrol engines. It makes 22 engine lines with more than 350 varieties for Audi, Volkswagen, Seat and Skoda models. The plant also assembles Audi TT Coupes and Roadsters, of which it turned out 3,100 in Q1 2006, compared to 3,430 in the same period a year earlier.
Audi Hungaria has long been Hungary's biggest exporter and is also one of the top Hungarian companies in terms of turnover. In 2005, the company had pre-tax profit of €320 million, 6.3% more than year earlier. Revenue rose 7.2% to €4.2 billion during the same period.