Auto Industry In Hungary And CEE

INTRODUCTION

In recent years Central Europe has become a leading centre for car manufacturers in Europe and Hungary has played an important role in that development. A significant part of Hungary's GDP and industrial employment is now represented by the automotive industry. There are over 700 automotive industry related companies operating in Hungary and the number of premium category cars projected to be manufactured in Hungary is the highest in the region.

Hungary enjoys the advantages of geographical location, highly developed logistics and utilities infrastructure and the existence of a critical mass of manufacturers and parts suppliers. Within Hungary Mercedes Benz, Audi, GM and Suzuki all have plants and within the Central Europe region there are also plants of Toyota, Hyundai, Kia, Skoda, and PSA.