Audi is investing in its Hungarian factory

According to magyaridok.hu, Audi has been planning to spend 3.4 billion yearly on investments between 2015 and 2019, but this amount is likely to be reduced in 2016. Axel Strotbek recently said that, although they might have a tighter budget in the upcoming year, they will still spend money on new models and technological developments. The company is part of the Volkswagen group which is expected to pay heavy fines due to the recent diesel scandal.

The Győr site will receive 32 billion HUF in the next three years for several projects and developments. Audi’s Hungarian sister company has an important role in the Hungarian economy, and the government fully supported the company during the scandals and is still fully committed towards the VW group.

During their recent negotiation, PM Viktor Orbán and Peter Kössler the Audi Hungaria Motor Ltd.’s new acting manager also discussed future investments and cooperation. The Győr factory employs 11.000 people (20.000 if we count the subcontractors), but the company also manages several kindergartens, schools, and extensively supports the Széchenyi István University. Kössler also said that the factory is expected to be modernized in the upcoming years, which might create new jobs. Also, Audi aims to extend its cooperation in higher education.

Although, due to the VW diesel scandal, the company reduces its investments in several sites, this does not concern the Hungarian base. Right after the scandal the company announced that they will invest 32 billion HUF (€106 million) in the Audi Hungaria Motor Ltd. in Győr between 2015 and 2018, which will also create 380 new jobs, writes magyaridok.hu. Thanks to the modernization process the company will manufacture more economical and more environmentally friendly models. The government also supports the project with 6 billion HUF.

The Audi Hungaria Motor Ltd. announced that there was no halt in the production, and they are not reducing the number of their workers. The factory continues to be the main engine transporter of the VW group and launches new projects every year. 1 067 525 engines were made in the first half of 2015, which is 1289 more than in the previous year.

Copy editor: bm

Source: magyaridok.hu