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BMW announced that it was going to invest a billion euros in a new car factory in Debrecen, Hungary.
Source: B92
Photo: Gettyimages
The capacity of the factory will be 150,000 cars a year and it will be able to produce electric motors and automobiles with internal combustion engines.
BMW says that a new plant in Hungary will help boost production capacity in Europe, where the automaker sells 45% of all cars.
It is estimated that BMW's investment will contribute to Hungary's economic growth and strengthen its position as a regional premium car segment segment.
Debrecen is located in the east of Hungary, 230 kilometers from the capital Budapest.
BMW joins Dajmler and Audi, who already have factories in Hungary. Audi, which has a large production of conventional internal combustion models, announced last week that it has launched a series of electric motors.
The data show that car manufacturers account for a third of Hungarian exports, and with the arrival of BMW, this percentage could climb up to 40% or even exceed, experts say.
The biggest unknown, recognized by BMW, could be a Hungarian labor force because the market is such that it is already difficult to find 1,000 new workers.
Hungary, like the other Central European countries, is facing a serious shortage of manpower, partly as a consequence of emigration to the West to looking for higher salaries
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