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Vienna International Automotive Industry News
Read the latest headlines about developments in the international automotive industry in Vienna and Austria
Strong Rise in Profits for Pankl
The Austrian producer of automotive and aeronautic components expects further revenues growth and EBIT improvement in 2012.
February 20, 2012
KTM With Satisfying Results
The Austrian motorcycle manufacturer could increase turnover by 13.4%. EBIT was up by 7.6%, net profits rose by 30.2%.
February 16, 2012
Major Order for voestalpine
The automotive division of the Austrian steel group received orders worth € 700m.
February 14, 2012
SLR Group Plans Major Increase in Sales
The Austrian foundry company expects to realize sales of 60m in 2011/12. In the first half year, sales were up by 24%.
February 9, 2012
Magna Steyr Builds Mercedes Until 2020
The contract between the German Daimler Group and the Austrian automotive supplier has been extended. However, Magna had to make concessions.
February 8, 2012
Spanish FCC Sole Owner of Alpine
The Salzburg-based construction group Alpine now has the Spanish FCC as sole owner. The industrialist Dietma Aluta-Oltyan sold his 13.5% stake.
February 3, 2012
Gebauer & Griller to Expand Supply in India
The Indian subsidiary of the Austrian automotive component supplier Gebauer & Griller expands its production line.
February 3, 2012
Opel Records Rise in Production
Opel Austria, a subsidiary of the U.S. group General Motors, could raise production by 11% in 2011.
January 25, 2012
KTM to Enter India
Together with its Indian partner, the Austrian motor-bike producer KTM aims for entering India.
January 25, 2012
Austrian Mercedes Production Endangered to Shift to Hungary
Construction of the SUV Mercedes G-class could switch from the Magna factory in Graz to Hungary.
January 24, 2012
Pankl Takes Over German Automotive Company
The Austrian automotive and racing company Pankl acquires the German specialist Huber, which is located in Munich.
January 11, 2012
Tyrol Equity Takes Over German RSN Sihn
The Austrian investment company acquired 50.1% in the German automotive supplier company RSN Sihn.
January 2, 2012
Pollmann China Doubles Production Area
The Austrian automotive supplier company expands its activities in China.
January 2, 2012
Rising Market Share for Porsche Holding
The Salzburg-bases Porsche Holding announces that more than every third sold car in Austria comes from the VW/Porsche Group.
December 28, 2011
Optimism at Austrian Automobile Industry
In spite of a weak economic outlook for 2012, Austrian automobile industry enterprises expect a good year.
December 27, 2011
Polytec Sells Interior Business
The Austrian automotive component manufacturer sells its Spain-based interior segment. Results for 2011 are confirmed.
December 27, 2011
Wolong Holds 98.8% in ATB Austria
The Chinese Wolong Group has almost finished its complete takeover of the former A-Tec subsidiary ATB.
December 13, 2011
Airport in Qatar Orders from Rosenbauer
The Austrian manufacturer of fire fighting vehicles delivers goods worth € 20m to New Doha International Airport.
December 13, 2011
Magna to Develop Luxury Cars in Styria
The Japanese Infiniti lets Magna develop and construct its smallest model in Austria.
December 10, 2011
Miba Continues Growth Path
In the first three quarters, the automotive component supplier could record an increase in sales by 37%. EBIT was up by 22.1%.
December 9, 2011
Magna Powertrain Expands in Styria
The Canadian automotive supplier again invests in the Austrian plan Lannach. Investments of € 30m are planned.
December 6, 2011
Strong Results for Pankl Racing Systems
The Austrian supplier of racing and aerospace systems could improve revenues, earnings as well as profits significantly.
November 21, 2011
Polytec Raises Outlook and Confirms Dividend
The Austrian component supplier registered a 50% decline in financing costs. Group sales are now expected to amount to € 650m in the full year.
November 10, 2011
KTM Heading for Record
The Austrian motorcycle manufacturer increased turnover by 12%. Previous year’s profit was already exceeded in the first three quarters of 2011.
November 3, 2011
Polytec Considers Acquisitions
The Austrian automotive component supplier Polytec, which recently achieved the turnaround, now also considers to expand its business via external growth.
November 2, 2011
Austria - Regional Leader in E-Mobility
Roland Berger Strategy Consultants released a new study on e-mobility in Central and Eastern Europe. The study presents a comprehensive assessment of e mobility maturity in eight countries and identifies best practices.
October 20, 2011
GM Makes Major Investment in Austria
The U.S. corporation invests € 50m in its Viennese powertrain factory.
October 19, 2011
Small Increase in Used Car Registrations
Registrations of used motor vehicles in Austria from January to September 2011: +0.8%; passenger cars +0.2%.
October 19, 2011
Austrian Motor Vehicle Industry Prospers
Vehicle production recovered completely in 2010 – high commodity prices hindered significant earnings growth. In 2011, sales will reach € 14bn again.
October 17, 2011
Increase of Car Production in Czech Republic and Slovakia
Last week, the Czech Statistics Office announced that industrial production since the beginning of the year increased by 3.5 percent mainly due to the automotive industry.
October 12, 2011
Drop in Car Production in Poland
In September 2011, the production of passenger cars and commercial vehicles in Poland amounted to 70,521 units, an increase by 63,24% (27,319 units) compared to August 2011 reported the Samar Institute.
October 12, 2011
Skoda’s Domination in Poland
According to research conducted by Samar, Skoda has been the unquestionable leader of the Polish car market during last 30 months.
October 11, 2011
BMW Austria Fears Lack in Skilled Labor
The German automobile corporation´s factory in Steyr, Austria, already produces 5000 engines per day. 200 new workers were hired this year.
October 4, 2011
Decreasing Registrations of Cars in Austria
Registrations of used motor vehicles in August 2011: -0.7%; passenger cars -1.8%, lorries +1.9%.
September 20, 2011
Miba Reports Strong Growth in Sales
The Austrian component supplier achieved a sales increase of 38.5% in the first half of FY 2011/12. EBT amounted to € 28.6m, slightly higher than in the previous year.
September 9, 2011
ZKW Expands Rapidly
The Austrian component supplier raises its production significantly. A new factory site in China has been opened.
September 5, 2011
voestalpine Merges Subsidiaries in the Automotive Division
The structural parts group of the Austrian steel company’s automotive division is united within voestalpine Stamptec.
September 1, 2011
Magna to Build Battery Factory in Styria
The international component supplier and Frank Stronach will start production of batteries for electric vehicles. They received a major order from Mercedes.
August 26, 2011
Pankl: Earnings Nearly Tripled in Q2
The Austrian component supplier increased revenues by 14.7% in the first six months of the year. EBIT improved by 55% from € 3.1m to € 4.8m.
August 22, 2011
Strong Plus in Sales for Magna
The Canadian component supplier increased sales by 29% to $ 14.5bn. In Austria, the company employs approximately 11,000 people.
August 5, 2011
Polytec Expands Capacities after Strong First Half of 2011
The Austrian component supplier achieved significant growth in earnings and is going to invest in its core competences. The group will acquire PPI Plastic Products Innovation GmbH & Co KG.
August 3, 2011
Changes in the Management Board of Pankl
The Austrian component supplier extended the contract of CEO Wolfgang Plasser for further five years. Josef Faigle will succeed Alfred Hörtenhuber as COO.
August 1, 2011
KTM Achieves Strong Growth
The Austrian motorcycle manufacturer reported a positive development in the first half of 2011. Turnover increased by 24%; EBIT went up 18%.
July 28, 2011
Indian Motherson Sumi to Acquire Peguform from Cross Industries
The Austrian industrial holding company found a buyer for the automotive component supplier which had been separated from the Polytec Group in 2009.
July 13, 2011
RLB OÖ to Sell Its Stake in Polytec
The Upper Austrian regional bank will sell its shares in the component supplier for approximately € 34m.
June 29, 2011
KTM: Capital Increase Completed Successfully
The Austrian motorcycle manufacturer strengthened its share capital by € 14m by issuance of 400,000 new bearer shares. Main shareholders are CROSS Industries with 50.1% and Bajaj with 39.79%.
June 21, 2011
Polytec Sells the Interior Segment to the Toyota Group
The Austrian component supplier divests a business segment due to high competitive pressure. The buyer is Toyota Boshoku Europe.
June 9, 2011
Mixed Quarterly Results for KTM
The Austrian motorcycle manufacturer reported significantly higher sales in the first three months of the year. EBIT, however, decreased by 78% year-on-year.
May 25, 2011
Pankl Announces Earnings and Sales Growth
Pankl Racing Systems AG records a 13.6% increase in revenues. EBIT improved by 40% from € 2.5m to € 3.5m.
May 16, 2011
Highly Satisfying Results for Polytec
The Austrian component supplier could definitively leave the crisis behind. EBITDA rose more than four-fold.
May 11, 2011
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