AVL to Acquire NTC Powertrain

GRAZ, Austria, September 1, 2010 - AVL Holding GmbH announced that it has signed a letter of intent to
acquire NTC Powertrain Australia, USA and UK. NTC has vast experience in the
development of transmissions for the high volume passenger car market and
will form a key part of the AVL Passenger Car Transmission division. Helmut
List, CEO of AVL List: "The depth of experience, resources and capabilities
of the combined AVL and NTC powertrain teams will further leverage advanced
technology solutions for customers worldwide and will assist AVL to
significantly expand the range of services provided to the global automotive
market."

NTC Powertrain CEO Mr Richard Tamba stated "AVL and NTC share a common
goal to bring high technology reliable designs to our customers with a focus
on customer satisfaction and on time delivery of projects. Together AVL and
NTC form the largest independent powertrain technology provider offering full
technology solutions from analysis, through concept, design, testing and
production implementation. NTC is honoured to have been invited to be part of
the AVL family and we can now offer our combined services from facilities
worldwide".

NTC Powertrain is best recognised for the role it played in the core
development of Borg Warner's DualTronic technology and the design of the VW
DQ250 during a 12 year exclusive retainer agreement that expired in February
of this year. NTC has developed more than 12 DCT's and 5 Automatics that are
currently in various stages of high volume production. NTC are also a
provider of powertrain design and development services to the marine,
military and mining industries. NTC will continue to operate from all of its
current facilities and will be looking to further strengthen its team of
experienced engineers.

AVL is the world's largest independent company for development,
simulation and testing technology of powertrains (hybrid, combustion engines,
transmission, electric drive, batteries and software) for passenger cars,
trucks and large engines. The high-tech company AVL employs 4.300 people
worldwide. Turnover in 2009 was 600 million Euro.

    Contact
    Michael Ksela, company spokesman for AVL
    phone +43-1-523-4088
    e-mail: michael.ksela@scoopnextlevel.com

Contact: Michael Ksela, company spokesman for AVL, phone +43-1-523-4088, e-mail: michael.ksela at scoopnextlevel.com