HUNGARY: Magna Steyr to shut engineering base
By Chris Wright | 6 December 2012
Magna Steyr is closing its vehicle engineering development centre in the Hungarian city of Gyor in the first half of next year, according to industry website Autopro.hu.
Magna Steyr Engineering Center Hungaria will close because of the poor market situation and diminishing orders, the company said. The centre was established in 2001.
Sectors: Emerging markets, Technology/R&D
Companies: Magna, Magna Steyr
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