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Audi Hungaria
Audi Hungaria Zrt. is the Hungarian subsidiary of Audi, the world's largest engine factory. It was founded in 1993 with a share capital of 2 million Deutsche Mark (DM). The company is managed by 5 board members, the supervisory board and the general assembly. Its field of activity is engines and engine components, as well as automobile production, which it employs more than eleven thousand employees (2015). Audi's investments in Győr so far have exceeded 8 billion euros. History Audi Hungaria was founded in 1993 as Audi Hungaria Motor Kft. The engine factory was inaugurated a year later. Automobile production began in 1998 with the assembly of the Audi TT Coupé. There were also the TT Roadster (from 1999), Audi A3 and S3 (2001-2003), Audi A3 Cabriolet (from 2007) and Audi RS 3 Sportback (from 2010). The painted bodies for final assembly came from Ingolstadt. By 2013, Audi had invested 5.7 billion euros in the site. This made Audi the largest foreign investor in Hungary up to th ...
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Private Company
A privately held company (or simply a private company) is a company whose shares and related rights or obligations are not offered for public subscription or publicly negotiated in the respective listed markets, but rather the company's stock is offered, owned, traded, exchanged privately, or Over-the-counter (finance), over-the-counter. In the case of a closed corporation, there are a relatively small number of shareholders or company members. Related terms are closely-held corporation, unquoted company, and unlisted company. Though less visible than their public company, publicly traded counterparts, private companies have major importance in the world's economy. In 2008, the 441 list of largest private non-governmental companies by revenue, largest private companies in the United States accounted for ($1.8 trillion) in revenues and employed 6.2 million people, according to ''Forbes''. In 2005, using a substantially smaller pool size (22.7%) for comparison, the 339 companies on ...
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Subsidiary
A subsidiary, subsidiary company or daughter company is a company owned or controlled by another company, which is called the parent company or holding company. Two or more subsidiaries that either belong to the same parent company or having a same management being substantially controlled by same entity/group are called sister companies. The subsidiary can be a company (usually with limited liability) and may be a government- or state-owned enterprise. They are a common feature of modern business life, and most multinational corporations organize their operations in this way. Examples of holding companies are Berkshire Hathaway, Jefferies Financial Group, The Walt Disney Company, Warner Bros. Discovery, or Citigroup; as well as more focused companies such as IBM, Xerox, and Microsoft. These, and others, organize their businesses into national and functional subsidiaries, often with multiple levels of subsidiaries. Details Subsidiaries are separate, distinct legal entities f ...
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Automotive Industry
The automotive industry comprises a wide range of company, companies and organizations involved in the design, Business development, development, manufacturing, marketing, and selling of motor vehicles. It is one of the world's largest industry (economics), industries by revenue (from 16 % such as in France up to 40 % to countries like Slovakia). It is also the industry with the highest spending on research & development per firm. The word ''automotive'' comes from the Greek language, Greek ''autos'' (self), and Latin ''motivus'' (of motion), referring to any form of self-powered vehicle. This term, as proposed by Elmer Ambrose Sperry, Elmer Sperry (1860-1930), first came into use with reference to automobiles in 1898. History The automotive industry began in the 1860s with hundreds of manufacturers that pioneered the Brass Era car, horseless carriage. For many decades, the United States led the world in total automobile production. In 1929, before the Great Depression, ...
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Automobiles
A car or automobile is a motor vehicle with wheels. Most definitions of ''cars'' say that they run primarily on roads, seat one to eight people, have four wheels, and mainly transport people instead of goods. The year 1886 is regarded as the birth year of the car, when German inventor Carl Benz patented his Benz Patent-Motorwagen. Cars became widely available during the 20th century. One of the first cars affordable by the masses was the 1908 Model T, an American car manufactured by the Ford Motor Company. Cars were rapidly adopted in the US, where they replaced animal-drawn carriages and carts. In Europe and other parts of the world, demand for automobiles did not increase until after World War II. The car is considered an essential part of the developed economy. Cars have controls for driving, parking, passenger comfort, and a variety of lights. Over the decades, additional features and controls have been added to vehicles, making them progressively more complex. Th ...
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Audi
Audi AG () is a German automotive manufacturer of luxury vehicles headquartered in Ingolstadt, Bavaria, Germany. As a subsidiary of its parent company, the Volkswagen Group, Audi produces vehicles in nine production facilities worldwide. The origins of the company are complex, going back to the early 20th century and the initial enterprises ( Horch and the ''Audiwerke'') founded by engineer August Horch (1868–1951); and two other manufacturers ( DKW and Wanderer), leading to the foundation of Auto Union in 1932. The modern Audi era began in the 1960s, when Auto Union was acquired by Volkswagen from Daimler-Benz. After relaunching the Audi brand with the 1965 introduction of the Audi F103 series, Volkswagen merged Auto Union with NSU Motorenwerke in 1969, thus creating the present-day form of the company. The company name is based on the Latin translation of the surname of the founder, August Horch. , meaning "listen", becomes in Latin. The four rings of the Audi lo ...
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Győr
Győr ( , ; german: Raab, links=no; names of European cities in different languages: E-H#G, names in other languages) is the main city of northwest Hungary, the capital of Győr-Moson-Sopron County and Western Transdanubia, Western Transdanubia region, and – halfway between Budapest and Vienna – situated on one of the important roads of Central Europe. It is the sixth largest city in Hungary, and one of its seven main regional centres. The city has City with county rights, county rights. History The area along the Danube River has been inhabited by varying cultures since ancient times. The first large settlement dates back to the 5th century BCE; the inhabitants were Celts. They called the town ''Ara Bona'' "Good altar", later contracted to ''Arrabona'', a name which was used until the eighth century. Its shortened form is still used as the German (''Raab'') and Slovak (''Ráb'') names of the city. Roman merchants moved to Arrabona during the 1st century BCE. Around 10 CE, ...
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Deutsche Mark
The Deutsche Mark (; English: ''German mark''), abbreviated "DM" or "D-Mark" (), was the official currency of West Germany from 1948 until 1990 and later the unified Germany from 1990 until the adoption of the euro in 2002. In English, it was typically called the "Deutschmark" (). One Deutsche Mark was divided into 100 pfennigs. It was first issued under Allied occupation in 1948 to replace the Reichsmark and served as the Federal Republic of Germany's official currency from its founding the following year. On 31 December 1998, the Council of the European Union fixed the irrevocable exchange rate, effective 1 January 1999, for German mark to euros as DM 1.95583 = €1. In 1999, the Deutsche Mark was replaced by the euro; its coins and banknotes remained in circulation, defined in terms of euros, until the introduction of euro notes and coins on 1 January 2002. The Deutsche Mark ceased to be legal tender immediately upon the introduction of the euro—in contrast to the o ...
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Euro
The euro ( symbol: €; code: EUR) is the official currency of 19 out of the member states of the European Union (EU). This group of states is known as the eurozone or, officially, the euro area, and includes about 340 million citizens . The euro is divided into 100 cents. The currency is also used officially by the institutions of the European Union, by four European microstates that are not EU members, the British Overseas Territory of Akrotiri and Dhekelia, as well as unilaterally by Montenegro and Kosovo. Outside Europe, a number of special territories of EU members also use the euro as their currency. Additionally, over 200 million people worldwide use currencies pegged to the euro. As of 2013, the euro is the second-largest reserve currency as well as the second-most traded currency in the world after the United States dollar. , with more than €1.3 trillion in circulation, the euro has one of the highest combined values of banknotes and coins in c ...
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Audi A3
The Audi A3 is a subcompact executive/small family car (C-segment) manufactured and marketed by the German automaker Audi AG since September 1996, currently in its fourth generation. The first two generations of the Audi A3 were based on the Volkswagen Group A platform, while the third-generation and fourth-generation A3 uses the Volkswagen Group MQB platform. First generation (''Typ'' 8L; 1996) The original A3 (or ''Type'' 8L) was announced back in June 1995, but introduced first in the European market for more than year in September 1996, marking Audi's return to the production of smaller cars following the demise of the Audi 50 in 1978. This was the first Volkswagen Group model to use the "PQ34" or "A4" platform, bearing a close resemblance to the contemporary Volkswagen Golf Mk4, which arrived a year later. Within three years, this platform was used for total of seven cars. The A3 was initially available only with a three-door hatchback body, to present a more sporty im ...
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Ingolstadt
Ingolstadt (, Austro-Bavarian: ) is an independent city on the Danube in Upper Bavaria with 139,553 inhabitants (as of June 30, 2022). Around half a million people live in the metropolitan area. Ingolstadt is the second largest city in Upper Bavaria after Munich and the fifth largest city in Bavaria after Munich, Nuremberg , Augsburg and Regensburg. The city passed the mark of 100,000 inhabitants in 1989 and has since been one of the major cities in Germany. After Regensburg, Ingolstadt is the second largest German city on the Danube. The city was first mentioned in 806. In the late Middle Ages, the city was one of the capitals of the Bavarian duchies alongside Munich, Landshut and Straubing, which is reflected in the architecture. On March 13, 1472, Ingolstadt became the seat of the first university in Bavaria, which later distinguished itself as the center of the Counter-Reformation. The freethinking Illuminati order was also founded here in 1776 . The city was also a Bavari ...
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Audi Q3
The Audi Q3 is a subcompact luxury crossover SUV made by Audi. The Q3 has a transverse-mounted front engine, and entered production in 2011. __TOC__ First generation (Typ 8U; 2011) Concept Vehicle: Audi Cross Coupé quattro (2007) Designed by Julian Hoenig in 2006, it was a concept vehicle with Liquid Silver body colour, 20-inch wheels, fabric folding roof, electrically controlled hood, 4-cylinder 2.0 TDI engine rated at and , diesel particulate filter and Bluetec emission control system, quattro permanent four-wheel drive system with Haldex clutch, Audi S tronic dual-clutch gearbox, MacPherson strut front axle and a four-link rear axle, Audi drive select system with 3 modes (dynamic, sport, efficiency), MMI control panel with touch pad and dual-view technology, sound system with the prominent extending tweeters. The vehicle was unveiled at the Shanghai Motor Show in April, 2007. Initial release Audi Q3 (2011-) The car uses the Volkswagen Group A (PQ46) platform of t ...
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