Audi To Expand Hungary Engine Plant – Brief Article
Volkswagen AG unit Audi AG said that it has expanded its engine plant close to Gyor in northwest Hungary at a cost of $133 million. As a result of the investment, Audi’s output of eight-cylinder engines will rise to 250 a day from 100, the company said.
After a ramp-up to full production capacity by mid-2003, Audi will be able to manufacture four types of eight-cylinder engines, it said. Since it established the Hungarian plant in 1993, Audi said it has invested close to $1.38 million in Hungary, making it one of the largest investors in the country. “The success of Audi makes and of several Volkswagen models is impossible to imagine without the quality of the engines from Gyor,” Audi Chairman Martin Winterkorn said.
Last year Audi said it manufactured 1.2 million engines and more than 50,000 cars in Hungary, generating sales of $3.35 billion.
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COPYRIGHT 2002 Gale Group
