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Magna could move Opel production to Hungary

Canada's Magna could move Opel's engine production from Germany to Hungary and Austria if it reaches a deal to buy the European unit of ailing US car maker GM, German business daily Handelsblatt reported.

Magna is expected to move Opel's engine production from the German cities of Russelsheim and Bochum to Austria and Hungary. The move would mean the loss of 3,600 jobs in Germany, the paper said.

GM Powertrain-Magyarország, based in Szentgotthárd, near Hungary's border with Austria, is the sole maker of 1.6- and 1.8-liter engines for Opel. (MTI – Econews)