Austrian Motor Vehicle Industry Prospers

IndustrialsAutomotive ♦ Published: October 17, 2011; 14:37 ♦ (Vindobona)

Vehicle production recovered completely in 2010 – high commodity prices hindered significant earnings growth. In 2011, sales will reach € 14bn again.

Austrian Motor Vehicle Industry Prospers / Picture: ©

After three wholly negative years, the Austrian car industry recovered on a broad scale during 2010. In just one year the red production figures in the sector were wiped out with growth of 27 percent, and the contraction in sales of more than 40 percent between 2006 and 2009 will likely be made up by the end of 2011. This is one of the findings of the latest sectoral report published by…