AVL broke ground on a new development center in Erd near Budapest. The Austrian engineering company is planning to invest HUF 12.5bn in the center, which will develop solutions to reduce emissions of various types of automotive engines. The Hungarian government will provide a HUF 3bn grant for the project. The center will be employed 350 people. “The dynamic development of the Hungarian automotive industry is indicated by the 11-percent growth posted for the first four months of this year, with which the sector’s production value reached HUF 3.220bn,” said Minister of Foreign Affairs and Trade Peter Szijjarto.
