Mercedes Hungary Doubles Revenues
- 29 May 2014 9:00 AM
The carmaker plans to boost annual output at the Kecskemét plant from 109,000 last year to 145,000 this year.
After investing €800 million in setting up the factory, Mercedes has invested a further €5 million in technology development.
Ingo Fröhlich, CEO of Mercedes Benz Hungary, pointed out that Mercedes Benz was the world’s fastest-growing car maker in the premium segment last year, and that 10% of the cars sold were made in Hungary.
Source: Hungary Around the Clock
This news item is one of many published daily by HATC, a premier subscription news service which distributes English-language info about Hungary via email or fax. For a free trial of HATC follow this link and click on 'Free Trial Subscription'.
LATEST NEWS IN business