Mexican Media Brands
BMW Affirms Plans for Assembly Plant in Hungary
Hungary’s central government says it has been assured by BMW AG that the carmaker will begin construction later this year of a €1 billion assembly plant in Debrecen and begin production by 2023.
Share
Hungary’s central government says it has been assured by BMW AG that the carmaker will begin construction later this year of a €1 billion assembly plant in Debrecen and begin production by 2023.
The facility, which was announced last July, will be BMW’s first new facility in Europe in 20 years. The factory will be able to build 150,000 vehicles per year. Handelsblatt reported last weekend that there have been internal discussions at BMW about whether to delay the facility because of a global slowdown in sales.
Earlier this month BMW reported that its net profit plummeted 74% in the first quarter as unit sales stalled and revenue dipped 1%. The company also blamed a €1.4 billion set-aside to cover expected fines by the European Union regarding claims that German carmakers conspired to hamper development of emission control technology.
Similar concerns about a slumping car market have prompted Daimler AG to postpone a project to expand the company’s small-car plant in Kecskemet, Hungary.
RELATED CONTENT
-
GM Is Down with Diesels
General Motors is one company that is clearly embracing the diesel engine.
-
Mustang Changes for 2018
On Tuesday Ford unveiled—using the social media channels of actor Dwayne Johnson (this has got to unnerve some of the auto buff book editors)—the 2018 Mustang, which has undergone some modifications: under the hood (the 3.7-liter V6 is giving way to a 2.3-liter EcoBoost four, and a 10-speed automatic is available), on the dash (a 12-inch, all-digital LCD screen is available for the dashboard), at the tires (12 wheel choices), on the chassis (MagneRide damper technology is being offered with the Mustang Performance Package), and on the exterior (three new paint colors). And while on the subject of the exterior, there are some notable changes—a lower, remodeled hood, repositioned hood vents, new upper and lower front grilles, LED front lights, revised LED taillamps, new rear bumper and fascia.
-
When Automated Production Turning is the Low-Cost Option
For the right parts, or families of parts, an automated CNC turning cell is simply the least expensive way to produce high-quality parts. Here’s why.
