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Vienna International Automotive Industry News
Read the latest headlines about developments in the international automotive industry in Vienna and Austria
Magna Denies Reports on Expansion in Poland
According to Polish media reports, Magna was said to invest € 238m in Poland. The Canadian automotive group denies expanding in Poland.
September 4, 2012
Magna to Invest € 238m in Poland
The Canadian automotive group plans to produce cars for “Mini” and “Infinity”.
September 3, 2012
Record Results for MTC
Montana Tech Components could enhance revenues, earnings and profits in the first half of 2012. Revenues were up by 6%.
August 27, 2012
ATB Enhances Profitability
In the first half year, the Austrian engineering company increased the net income and recorded stable revenues. However, the rising net result was due to the shutdown of a part of ATB´s business segments.
August 25, 2012
Daimler Said to Double Production in Hungary
The Germany automobile producer may enlarge its production facilities in Hungary massively.
August 20, 2012
Pankl Performs Outstandingly
In the first six months of 2012, revenues were up by 25%, EBIT grew by 45%. Pankl announces an “excellent development of the Austrian aerospace subsidiary”.
August 20, 2012
Polytec: Drastic Decrease in Sales and Earnings
Today, the Austrian component supplier has published its results for the first six months of 2012. Due to the sale of the interior segment last year, EBIT and sales were down remarkably.
August 8, 2012
Polytec: Lower Revenues Anticipated
The Austrian automotive component supplier will present its half-year results next Wednesday. Erste Group and RCB (Raiffeisen Centrobank) expect lower earnings.
August 6, 2012
Pankl: Cross Industries Extends Takeover Bid
CROSS Motorsport Systems AG to extend the bid to the shareholders of Pankl Racing Systems AG.
July 24, 2012
Sikorsky and Pankl enter into new long Term Supply Agreement
Austrian Pankl Aerospace Systems wins first Sikorsky Entrepreneurial Challenge.
July 23, 2012
KTM: Record Sales in the First Half Year of 2012
The Austrian producer of motorcycles achieved record sales in the first half year of 2012. In total, 50,233 motorcycles were sold . This corresponds to an increase by 36%.
July 19, 2012
Iveco Shuts Down Austrian Factory
Fiat´s Subsidiary Iveco plans to close five factories in Europe. In total, 1,075 workers will be laid off. In Austria, 110 workers are affected.
July 2, 2012
Austrian Automotive Industry in NAFTA Markets
Austrian companies from the automotive sector present themsevels in Detroit on October 25th.
July 2, 2012
Austria-Korea Automotive Technology Days
From 14. November 2012 to 16. November 2012, Austrian automotive suppliers present themselves in Seoul.
June 30, 2012
Austrian Show Case „Engineering“ in Denmark
From 5. September 2012 to 6. September 2012, the Austrian consulting and engineering sector presents its knowledge and skills in Copenhagen.
June 29, 2012
Pankl: Major Contract of U.S. Subsidiary
Pankl Racing Systems AG - Sikorsky and Pankl Aerospace Systems enter into new long term supply agreement (Multi-Year VIII Contract).
June 22, 2012
Frauenthal to Expand Further
The Austrian automotive component supplier wants to raise revenues by € 200m through acquisitions.
June 20, 2012
Montana Tech Components Achieves Record Results
The Swiss-based MTC Group could reach a new record in revenues and earnings.
June 16, 2012
Schmidt Retires as CEO of ATB
ATB Austria Antriebstechnik AG Christian Schmidt retires as CEO of the ATB Austria Antriebstechnik and joins the Supervisory Board of the Company Vienna, June 8, 2012.
June 8, 2012
Good Start for Miba
The Austrian automotive component supplier achieved a substantial rise in revenues and profits in the first quarter of 2012/13.
June 8, 2012
Refunding at Pankl
The Austrian automotive company Pankl takes a € 20m loan in order to redeem a ULSG credit early.
June 1, 2012
Losses at High Tech Industries
After slower first quarter 2012 a balanced result for the whole year 2012 is expected at the Austrian component supplier. Revenues declined, losses totaled € 4.3m.
May 30, 2012
KTM: Rising Sales, Stagnating Profit
The Austrian producer of motorcycles recorded sales of 19,408 vehicles (+29.9%). Turnover was up by 13.5% to € 135.7m.
May 25, 2012
Profit Collapse at Frauenthal
Revenues came at € 135.4m, which is 2% less than in the first quarter of 2011. EBIT halved to € 1.8m.
May 21, 2012
ATB Records Mixed Results
In spite of stagnating revenues the Austrian subsidiary of Wolong Group recorded an increase of 50% in operating results. Net income was down, though.
May 11, 2012
Decreasing Production at Magna Austria
The Canadian automotive component supplier records rising revenues and profits. The Austrian subsidiary registers a cut of 10% in production.
May 11, 2012
Polytec: Sharp Cut in Earnings
Today, the Austrian automotive component supplier published its results for the first quarter 2012. Due to the sale of the interior business, sales and earnings were down considerably.
May 9, 2012
Declining Results at Polytec Expected
Due to the sale of the interior business, he Austrian automotive supplier´s revenue is anticipated to decrease by 40.4%.
May 7, 2012
Miba Continues Strong Growth
The Austrian automotive component supplier records a significant rise in revenues. Extensive investments in USA and China are planned.
May 3, 2012
Bajaj Holds 47.2% in KTM
At the end of April, the Indian motor vehicle producer enlarged its stake in the Austrian company from 41% to 47.2%.
May 2, 2012
Cross Industries Still in the Red
Due to interest expenses, the Austrian industrial holding company recorded losses of € 4.5m after € 4.8m in 2010.
April 30, 2012
Siemens Austria and Verbund to Establish Electric Mobility Provider
The technology and electricity company found a joint venture in order to serve and develop the Austrian electric mobility market.
April 20, 2012
KTM Corporate Bond “Very Popular”
The bond volume of € 85m was more than double oversubscribed within two hours. Especially Austrian private investors were interested.
April 19, 2012
Frauenthal to Sell Catalyzer Segment
The Austrian supply company intends to sell the “industrial honeycomb” segment with revenues of € 80m and 350 workers.
April 11, 2012
Free Float at KTM Declines
The Austrian motor-cycle manufacturer has a free float of only 2.9%. The two main shareholders are CEO Stefan Pierer and the Indian Rajiv Bajaj.
April 6, 2012
Polytec Posts Significant Improvement of Earnings
Sales and Earnings performed as expected. Earnings per share reach € 1.54, a dividend per share of € 0.35 is proposed.
April 4, 2012
Polytec: Declining Revenues, but Rising Earnings Expected
Tomorrow, Wednesday, the Austrian automotive component supplier presents its results of 2011. Analysts anticipate a significant increase in earnings.
April 3, 2012
Frauenthal Expands into Slovakia
The Austrian conglomerate acquires a Slovak sanitary retailer. The automotive segment recovers, CEO Moser says.
April 2, 2012
Bajaj Increases Stake in KTM
The Indian Investor Rajiv Bajaj now holds a 44.3% share in the Austrian motor-cycle manufacturer.
April 2, 2012
Wolong Wants ATB to Become World Market leader
The Chinese Wolong Group, which took over ATB last year due to A-Tec´s insolvency, has big plans for the engine producer.
March 24, 2012
KTM Underlines Successful Year 2011
Results were significantly up last year. The emission of a € 75m corporate bond should strengthen the long-term financing structure.
March 23, 2012
MAN Austria Records Lower Revenues
The Austrian subsidiary of the German truck producer registers a decline in revenues by 12%. The number of produced driver cabs was up significantly.
March 21, 2012
Pankl Announces Strong Earnings Growth
The Austrian automotive component supplier achieved a 17% growth rate in revenues. EBIT was up by 85%.
March 19, 2012
Automotive Industry Outlook in NAFTA Markets
In October, an automotive mission to Mexico and Detroit will be held by the Austrian Trade Commissions Mexico, Toronto and Chicago.
March 12, 2012
Magna Plans 40 New Sites
The automotive component supplier intends to establish new sites in Eastern Europe and South America.
March 12, 2012
French and Austrian Automobile Clusters to Cooperate Closer
A delegation of French automobile companies will be received in Graz in order to intensify technologic cooperation.
March 2, 2012
Voestalpine Expands Operations in Automotive Segment
The Austrian steel company presents high-strength steel innovation for cars. CEO Eder expects to double sales in the automotive division.
March 2, 2012
Tyrol Equity Takes over Rim Producer BBS
The Austrian industrial hold, owned by Raiffeisen, Hypo Tyrol and Swarovski, acquired the insolvent German rim producer BBS.
February 27, 2012
Polytec Aims For Expanding in Asia
Friedrich Huemer, CEO of the Austrian automotive supplier, wants to start investments in China and India.
February 27, 2012
Magna: Production on the Rise
The Canadian automobile supplier company increased its sales by one quarter. In Austria, car production was up by 51%.
February 25, 2012
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