According to a report by Handelsblatt, but not confirmed by BMW nor Daimler, both companies are putting their investments in Hungary on hold as the industry struggles with lower demand and the threat of higher auto tariffs by the United States. Daimler’s management board decided to delay the commissioning of a second plant at its Hungarian site Kecskemet by at least a … [Read more...] about Daimler, BMW put Hungary investments on hold: Handelsblatt
Hungary investment citizenship
By Shajeel Zaidi Published: September 24, 2018 0 SHARES Share Tweet Email An Afghan refugee woman waits with her children to register at the UNHCR office. PHOTO: FILE Policy and governance are most effective when idealism morphs into realism to tackle challenges and go after opportunities in the real world, while also aspiring for utopia. It is in the middle ground … [Read more...] about Is Pakistan ready to grant citizenship to its Afghan and Bengali refugees?
The BMW Group has announced that it will build a new production facility in Hungary, close to the town of Debrecen, as a way to expand its production network in Europe. The new car plant will offer capacity of up to 150,000 units yearly, generate over 1,000 new jobs and comes at an investment of about one billion euros. “The BMW Group’s decision to build this new … [Read more...] about BMW announces new production facility in Hungary
BMW announced today that it plans to build a new plant from the ground up in Hungary, near the town of Debrecen. The new location will have a capacity of about 150,000 units a year, create about 1,000 jobs and translate into an investment of about €1 billion. The location was chosen because of its excellent infrastructure and positioning inside the EU, BMW’s largest … [Read more...] about BMW Announces Plans for a New Plant in Hungary Following €1 billion Investment
Mercedes-Benz is starting the construction of the company’s first “Full-Flex Plant” in Kecskemet, Hungary. The one billion euros investment at the Hungarian plant creates over 2,500 jobs. The first global “Full-Flex Plant” of Mercedes-Benz is being built approximately 90 kilometers south of Budapest. The production is based on the “Factory … [Read more...] about Mercedes-Benz invests one billion euros in new car plant in Hungary