FAZ Says Magna Might Move to Hungary

Frankfurte Algemeine Zeitung believes that the Canadian-Austrian Magna taking over the management of Opel would like to move the motor and gear system production to Szenttgothard, Hungary.

Frankfurte Algemeine Zeitung believes 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.

 

News Monitoring