CeeIndustrial understands that Opel owned by GM will spend over €500 million to improve and expand its engine production plant in Szentgotthárd Hungary Opel have just announced. Its expected that the investment in the engine plant will create over 750 new jobs and a further 250 later on. The extra engine production capacity will start in November 2012

 Opel will receive a subsidy backed by the Hungarian government and the amount is still to be decided which is due to be announced in mid October. A spokes for the Hungarian government stated that they hope to recoup the investment in the Opel engine production line with in 4 years. With the extra €500 million euro this more then doubles Opel investment in Hungary.

CeeIndustrial comments that this again shows the auto industry leads the way in Central and Eastern Europe.