US auto maker General Motors plans to start construction of its new 30,000-sqm plant in mid-April, daily Napi Gazdaság reports, citing Edit Légrádi, spokesperson for General Motors Powertrain-Hungary, the company's Hungarian unit.
The €500 million investment is expected to boost current unit production by close to 500,000 to over 1.1 million a year, which will make the Szentgotthárd plant one of GM’s largest in the world.
The project is expected to create 800 jobs and increase GM’s headcount to 1,400 in Hungary. GM won a HUF 7.5 billion ($37.3 million) government grant for the investment.
The new plant will come on stream by November 2012.