CENTRAL EUROPE AUTOMOTIVE REPORT™ © Central European Trade & Marketing, L.L.C
BULGARIA CZECH REPUBLIC HUNGARY POLAND CENTRAL ROMANIA SLOVAK REPUBLIC SLOVENIA EUROPE The Source For Automotive Information On Central Europe™ AUTOMOTIVE November 1997 On The Web at ™ http://www.cear.com™ REPORT Volume II, Issue 10 ISSN 1088-1123 Regional Market Sobieslaw Zasada Centrum, which will enable C Hungary Hyundai to assemble cars in Poland without E Highlights paying the 35% import tax. According to PROFILE Hyundai, the assembled cars will all be sold in A MMG’s Managing Director On Summary Poland. Assembly operations are scheduled to Hungary’s Engineering Tradition, begin in December, with production this year R Strategic Partners, and Cost Cutting ❍ Hyundai to Assemble Cars in Poland expected to reach 1,000 units, and rise to 10,000 ❍ GKN Starts Construction of New Factory in units in 1998. Suppliers in Central Europe need strategic part- Poland ners to stay alive in today’s global automotive ❍ Ford Bank Polska Begins Operations GKN Automotive Polska Begins Building industry. And this is true for even the big compa- ❍ 100,000th Opel Sold in Poland New Factory nies like Hungary’s MMG Automatika Muvek Rt. ❍ NABI’s Bus Production Increases in Hungary In September, GKN Automotive Polska started Founded in 1900, ❍ Sales of Lower Middle Segment Cars Up in constructing its new $32 million facility in MMG is the oldest Czech Republic Olesnica, Poland. The new manufacturing plant and largest instru- ❍ Autoliv Increases its Share in Romanian and offices will cover approximately 10,000 ment manufacturer Joint Venture square meters and are expected to be completed in Hungary. Auto- ❍ Tenneco Names New Central & Eastern by mid 1998.
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