Flash Reports

Austria

Austria Automotive industry plays an important role in the Austrian economy. Currently over 175 000 people are employed by approximately 700 companies. Some of the world’s leading vehicle producers (such as BMW, Opel, Magna or MAN) manufacture in Austria (or use Austrian made components) with a 86% export quota. Austrian companies have managed successfully to gain advantage from the new, neighbouring EU member states: Vienna’s position in the CEE gives it access to 10 car factories within a distance of 300 km of the capital. Additionally several international companies in the automotive sector decided to have their CEE headquarters in Vienna.

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