Read the latest headlines about developments in the international automotive industry in Vienna and Austria
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Vienna International Automotive Industry News

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

Profit growth for Frauenthal

The supplier firm reported a sales increase of 22%; profit ratios increased significantly.

May 3, 2011

austriamicrosystems Reports Improving Results

austriamicrosystems reports year-on-year revenue and earnings growth for the first quarter of 2011 driven by robust demand across target markets.

April 29, 2011

Every second Company Concerned by Crisis in Libya and Japan

According to a survey in Upper Austria, 46% of the companies are concerned by the rise in commodity and energy prices or by supply bottlenecks in the electronic industry.

April 23, 2011

Rising Number of One-Day Registrations of Cars

One-day registrations of passenger cars in the first quarter 2011: +5.6%; 5.1% of the new passenger cars were deregistered within 24 hours

April 22, 2011

Frauenthal: Staff Returns

The Styrian supply company was hard hit by the crisis. After an unavoidable workforce reduction, capacities are growing again.

April 19, 2011

Registration of new passenger cars increased by 7.8%

New vehicle registrations in Austria in first quarter 2011: +15.4%; passenger cars +15.7%, almost one-third more lorries.

April 11, 2011

Polytec Achieves Turnaround

The Austrian component supplier could improve its results substantially. Net profits are in the black again.

April 7, 2011

6.1 Million Cars in Austria

Stock 2010: over 6 million motor vehicles for the first time; Austrians own 4.4 million passenger cars.

March 29, 2011

KTM in the Black Again

After serious losses in 2009, the Austrian motorcycle manufacturer records rising sales and operating profits again.

March 25, 2011

Pankl: Operating Profits Rising

Pankl Racing Systems AG confirms preliminary figures for the 15-month period 2009/10. EBIT doubled. sales remained stable.

March 22, 2011

Magna Europe in Euphoria

The Austrian-Canadian automotive supplier intends to increase car production significantly.

March 6, 2011

Volkswagen Acquires Automobile Trading Business of Porsche Holding Salzburg

Next major step towards the creation of the integrated automotive group of Volkswagen and Porsche

March 3, 2011

Strong Increase in Sales for austriamicrosystems

austriamicrosystems reports financial results for fiscal year 2010. With net profits of € 23.1m, he company managed the turnaround.

March 2, 2011

Takeover of the Austrian Porsche Holding

The majority owner VW could soon take over the Austrian part of the Porsche Group. The price is € 3.3bn.

March 1, 2011

Pankl Racing Systems AG: Doubling Profits, Stagnating Sales

The Austrian component supplier´s EBIT doubled both in the 12-month and 15-month periods. In 2011, Pankl intends to raise sales by 10%.

February 22, 2011

Record Sales for Würth Austria

The German supplier group recorded strong revenue growth. However, the operating result fell short of expectations

February 22, 2011

Sales Increase at Frauenthal

The Austrian component supplier, which is listed on the Viennese Stock Exchange, could improve its financial data moderately.

February 16, 2011

ATB: Contradictions on Rumored Layoffs

A-Tec's subsidiary ATB denies media reports about alleged dismissals at the Styrian location.

February 13, 2011

Magna Pushes its Presence in Emerging Markets

The Austrian-Canadian automotive supplier intends to expand its international presence in the BRIC countries.

February 12, 2011

Car Registrations Rising Considerably

January 2011: New passenger car registrations in Austria increased by 22.5%.

February 10, 2011

A-Tec: Bad News from China

Because of a joint venture gone insolvent in China in 2008, there are unpaid claims for about € 15m against the Austrian A-Tec.

February 8, 2011

Miba AG Expands Management Board

Norbert Schrüfer will be appointed CEO of Technologies Group. F. Peter Mitterbauer, Jr., will take over the position of CEO of the Miba Friction Group.

February 2, 2011

Miba Enters into a Joint Venture in India

The Austrian Miba Sinter Group expands its global network with a sintered components manufacturing facility in India.

February 2, 2011

Engel Expands in China

Engel, the Upper Austrian machine builder, benefits from the economy and intends to triple the capacity of the Shanghai location.

February 1, 2011

Pankl: Acquisition of US-company

The Austrian technology company Pankl Racing Systems AG increases its stake in Californian aerospace subsidiary from 75% to 100%

January 29, 2011

Polytec: CEO Reduces own Shares

Polytec´s CEO Friedrich Huemer reduced stake for a partial refinancing of the buyback of properties.

January 29, 2011

GM Powertrain-Austria Celebrates its 20 Millionth Transmission

The Austrian General Motors subsidiary also invested € 50m in the five-speed transmission production in 2010.

January 28, 2011

Record Sales for BMW Austria

The German car manufacturer was able to set a new sales record in Austria last year. The engine plant also reports record sales.

January 27, 2011

Magna Steyr Expands Production in Graz

The German carmaker group BMW has a further model of the British brand "Mini" manufactured in Austria.

January 27, 2011

Strong Increase in Sales at AT&S

The Austrian technology group records sales amounting to € 365m in the first nine months 2010, which is a plus of 34%.

January 26, 2011

Magna Expands Styrian Plants

The automotive supplier invests around € 30m for capacity expansion of in two Austrian locations to accept new orders.

January 22, 2011

Polytec Reduced Net Financial Debt by more than 50%

The Austrian component supplier closed an agreement about the repayment of the restructuring loan and records a strong increase in profitability in 2010.

January 21, 2011

Bright Outlook For Magna

The Canadian/Austrian automotive component supplier today announced its financial outlook and expects a significant increase in sales as well as profits.

January 14, 2011

Record of New Car Registrations

The number of registrations of new passenger cars registered an increase in Austria of 2.9% compared with 2009, with a total of 328,563 vehicles.

January 12, 2011

Red Bull Massively Invests in Upper Styria

The Austrian energy drink producer Red Bull re-opens the former Formula1 race track in Styria.

January 1, 2011

Stronach Sells Shares to Magna

The founder and long-time Chairman of the board of the Austria-Canadian Magna Group, Frank Stronach, only holds 5.14% now.

December 30, 2010

Polytec Sells Italian Subsidiary

Today Polytec Holding AG signed an agreement to sell 100% of the shares of Polytec Composites Italia (PCI) to Industrie Metallvakuum Ranger S.p.a. (IMR).

December 29, 2010

Critical Phase for A-Tec

Next Wednesday the insolvent company’s restructuring plan will be submitted. Afterwards, there will remain two weeks remain for the adoption of the concept.

December 28, 2010

HTI Gets New Financing Structure

The stock exchange listed automobile supplier HTI ends its moratorium. Of € 140m original debts, € 104m are left.

December 27, 2010
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