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Auto industry   The factory in Szentgotthárd

Hungary initiates talks with Opel and its new owner

Opel HungaryThe Hungarian Government will initiate a dialogue with the German car manufacturer company Opel and its new owner, the French PSA Group.

This is in order to maintain or further enlarge their capacity in Hungary, the factory in Szentgotthárd, Minister of Foreign Affairs and Trade Péter Szijjártó told the Hungarian news agency MTI after his meeting with Opel’s executives held at the company’s headquarters in Rüsselsheim.

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READ MORE There are no guarantees that all workers will stay at Opel

In his interview given by telephone, the Minister highlighted that it will be necessary to maintain ongoing consultations between the Government and the new owners, and there is „full openness and readiness” on the part of Opel to engage in such talks.

PSA, manufacturing Peugeot, Citroen and the DS model family in the premium category, will honour the contracts and agreements concluded by the former owner, the US General Motors (GM), but will review all further development plans, and will adopt the relevant decisions at a later point in time, Mr Szijjártó said.

The Szentgotthárd factory is Opel’s largest European engine manufacturing plant where a record number of engines – 630,000 – were made last year, and the company has extremely positive experiences regarding Hungary, the Minister underlined, reiterating that the first Opel Astra left the production line 25 years ago.

The measures implemented by the Hungarian Government with a view to enhancing competitiveness, including the tax reductions and the development of technical training, help Opel to continue to retain a competitive production base in Hungary.

The Government will seek to maintain even closer relations with the company and its new owner in the interest of the maintenance and further enlargement of its production capacity in Hungary, the Minister added.




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