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BMW has relocated production of a new Sport Utility Vehicle (SUV) from Austria to the United States.
The German car maker has had the latest edition of the X3 model manufactured at Magna Steyr’s plant near Graz, Styria, until the end of last month. Now the production of the small 3 Series-based vehicle has started at its own facility in Spartanburg, South Carolina.
This means the company produces three X series models in the USA since the X5 and X6 types are already built at the plant in Spartanburg.
The new version of the X3 will be on sale later this year or next year.
Meanwhile, Magna Steyr plant officials announced a 55 per cent year on year production increase. They said 40,352 vehicles were built between January and June of this year, adding that there was a 60 per cent year on year jump in production in the second quarter.
New models of BMW’s Mini, an upcoming Peugeot sports coupé and the latest Aston Martin are produced at the factory just outside the Styrian capital.
Austrian Times
Price check confirms AUA staff's friendly fire complaints
» Business 2012-02-09
Austrian Airlines (AUA) employees’ representatives feel confirmed in their criticism of Lufthansa as a price check reveals that the Viennese airline’s German mother company offers cheaper connections.
Pühringer rejects U-turn on rightist ball
» General News 2012-02-09
Young Social Democrats (SPÖ) have appealed to Upper Austrian Governor Josef Pühringer not to attend the Burschenbundball in Linz this Saturday.
WKO boss wants pension age hike incentives
» Business 2012-02-09
Federal Economy Chamber (WKO) President Christoph Leitl has identified attempts to raise the average retirement age as the key issue regarding Austria’s budget.
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Austria registers decrease of business bankruptcies
» Travel 2012-02-08
The number of Austrian business bankruptcies is in decline despite increasingly difficult economic circumstances in Europe.
Austria registers decrease of business bankruptcies
» Business 2012-02-08
The number of Austrian business bankruptcies is in decline despite increasingly difficult economic circumstances in Europe.
» Business 2012-02-08
A German businessman has taken over Zielpunkt.
more related articles tagged "business boom"
» Panorama 2012-02-02
Danish model Brigitte Nielsen and "James Bond" star Sir Roger Moore will accompany an Austrian entrepreneur at this year’s Vienna Opera Ball.
AUA announces austerity package details
» Business 2012-01-26
Austrian Airlines (AUA) has confirmed plans to freeze staff's wages.
» Business 2012-01-24
It will take another two years until the Austrian economy grows by two per cent, a Viennese institute has warned.
Set up tax on financial transactions soon, says Katzian
The head of the Association of Private Employees (GPA-djp) has called for a quick introduction of a tax on financial transactions.
Pühringer rejects U-turn on rightist ball
Young Social Democrats (SPÖ) have appealed to Upper Austrian Governor Josef Pühringer not to attend the Burschenbundball in Linz this Saturday.
FPÖ under fire after trip to Grozny
The Freedom Party (FPÖ) has been harshly criticised for meeting with Chechen President Ramzan Kadyrov.
WKO boss wants pension age hike incentives
Federal Economy Chamber (WKO) President Christoph Leitl has identified attempts to raise the average retirement age as the key issue regarding Austria’s budget.
Woman and child run over in Vienna
A woman and child have died in a road accident in Vienna, Austria. The lorry driver was making a right turn when he drove into a group of pedestrians leaving a 59-year-old and a 12-year-old dead. The mother of the school girl was left with serious injuries.
Schlecker says Austrian jobs are safe
The son of Schlecker founder Anton Schlecker has claimed that the company has no plans to sell its Austrian affiliate.
SPÖ sees smaller parliament as key signal
The general secretary of the Social Democrats (SPÖ) has argued his support for a reduction of the size of the parliament.
Austrian food to feature in organic trade fair
Austria is expected to be well represented at next week’s BioFach 2012 international organic trade fair in Nuremberg, Germany. Some 90 companies and organisations from the Austrian organic good sector will feature at the fair from 15 to 18 February.
Brothel for the homeless in Vienna
Homeless people are queueing up for free rooms in an Austrian brothel after owner Peter Laskaris said it would be unfair not to do everything he could during the current cold spell.
Deep-freeze snacks for orangutans in Schönbrunn
The lucky orangutans who take up residence in Europe’s oldest zoo have been indulging in a twice weekly take-away. Despite the trees in Schönbrunn Zoo in Vienna, Austria now being completely bare the fury friends have fresh branches and leaves delivered twice a week.
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