Audi says staying in Hungary long term

Newswire

BUDAPEST, Oct 30 (Reuters) - German carmaker Audi, which has invested close to $1.4 billion in Hungary since 1993, has said it is committed to staying and hopes to grow further once Hungary joins the European Union, probably in 2004. The comments by the head of Audi Hungaria, the German carmaker's local unit, late on Tuesday followed U.S. group IBM's decision to close its hard disk drive plant in the western town of Szekesfehervar, with the loss of 3,700 jobs, the biggest single layoff in ...

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