BMW to build a plant in Hungary

BMW to build a plant in Hungary

August 1, 2018 0 By autotimesnews

Previously, it was repeatedly reported on the plans of BMW to build a plant on the territory of Russia. Now the German company has decided to build, although the site will be created not in our country, where the negotiations are still going on. The plant will be built by the Bavarians in Hungary near the city of Deberzen, located 200 km from Budapest and 30 km from the border with Romania.

The Hungarian company will be the first for BMW in Europe for almost 20 years. Recall, the plant in Leipzig began to build in 2000, but the first machines from its conveyor belt came down only five years later. The company in Hungary plans to build significantly faster – its launch is scheduled for next year.

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The amount of investment in the new production site will amount to one billion euros, by the way, the same amount is aimed at modernizing the German plants of the company in preparation for the production of electric vehicles. What exactly models will be produced in Debrecen is still unknown, it is only noted that a plant with the capacity of 150 thousand cars a year will be able to produce not only cars with ICE, but also hybrids and electric vehicles.

Although the chairman of the BMW Group Harald Krueger said that the manufacturer needs to balance production by region. Note, most BMW crossovers are manufactured at the American plant in Spartanburg. Economic wars can force the Bavarians to raise prices for cars, which recently happened on the American market. Perhaps in Hungary they will arrange the assembly of some models that are being produced now in the USA.

By the way, in the Hungarian economy, the automotive industry plays an important role, as it gives about 20% of the gross product. In this country already have their production sites Mercedes-Benz and Audi, as well as a Suzuki plant and a factory for the production of Opel engines.