Economy
BMW operates an automobile production plant in Regensburg; the Regensburg BMW plant produces 3-series, 1-series and Z4 vehicles. Other major employers are Siemens, with its subsidiary, Osram Opto-Semiconductors, and Siemens VDO (now Continental AG), with the headquarters of its car component business. Infineon, the former Siemens semiconductor branch, has a medium-sized factory in Regensburg. Other well known companies, such as Maschinenfabrik Reinhausen, Toshiba, and Krones, have built plants in or near Regensburg. Amazon located its first German customer service centre in Regensburg.
The University of Regensburg and mercantile trade also play major roles in Regensburg's economy. Some high tech biotech companies were also founded in Regensburg and have their headquarters and laboratories in the city's "BioPark".
CipSoft GmbH is a video game company that is based in Regensburg.
OTTI, the Eastern Bavaria Technology Transfer-Institut e.V., is headquartered in Regensburg.
Read more about this topic: Regensburg
Famous quotes containing the word economy:
“Unaware of the absurdity of it, we introduce our own petty household rules into the economy of the universe for which the life of generations, peoples, of entire planets, has no importance in relation to the general development.”
—Alexander Herzen (1812–1870)
“I favor the policy of economy, not because I wish to save money, but because I wish to save people. The men and women of this country who toil are the ones who bear the cost of the Government. Every dollar that we carelessly waste means that their life will be so much the more meager. Every dollar that we prudently save means that their life will be so much the more abundant. Economy is idealism in its most practical terms.”
—Calvin Coolidge (1872–1933)
“Wise men read very sharply all your private history in your look and gait and behavior. The whole economy of nature is bent on expression. The tell-tale body is all tongues. Men are like Geneva watches with crystal faces which expose the whole movement.”
—Ralph Waldo Emerson (1803–1882)