Sweden - Southeast Europe News Site

Sweden - Southeast Europe News Site


to the news site of the Chamber of Commerce for Sweden - Southeast Europe in cooperation with Business Sweden and Governments and Organisations in SEE.

Magna might move Opel production to Hungary

HungaryPosted by Chambers of Commerce Sweden - Southeast Europe Wed, September 23, 2009 22:21:41

According to Frankfurter Allgemeine Zeitung there are rumours that the Canadian-Austrian Magna taking over the management of Opel would like to move the motor and gear system production to Szenttgothard, Hungary, the earlier location of Opel manufacturing. The company intends to move its plant from Rüsselsheim and reduce its expenses on labor all across Europe. Hungary has already attracted major vehicle manufacturers like Daimler, Audi and Knorr-Bremse thanks to low labor costs, high engineering expertise and skilled labor.

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