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Vienna International Automotive Industry News

Slovenia: State Aid to Rescue and Re-Structure Companies

At its regular session, the Government also approved the draft Act Governing the Rescue and Restructuring Aid for Companies in Difficulty.

April 18, 2013

Russia: Most Important Future Market for Opel

Head of General Motors, Dan Akerson, regards Russia as the most important future market for Opel.

April 15, 2013

Czech Republic: 5.7 % Decrease of Industrial Production.

In February 2013, industrial production decreased at constant prices by 5.7%, year-on-year; working day adjusted decreased by 1.6%. Compared to the previous month, seasonally adjusted industrial production was higher by 1.6%.

April 9, 2013

Slovakia: Industrial Production Increases by 4.1 %

Production still driven by the automotive industry. Industrial production in January 2013 increased month-on-month by 4.1%.

April 3, 2013

Serbia: GDP Decreased by 1.7 % in 2012

Based on data released by the Statistical Office, GDP fell by 1.7% in 2012. Broken down by quarter, real y-o-y GDP fell by 2.7% in Q1, 0.3% in Q2, 2.1% in Q3 and 2.0% in Q4.

March 30, 2013

67 % of Estonians Work in Service Sector

According to the data of the 2011 Population and Housing Census (PHC 2011) of Statistics Estonia, 67% of persons employed in Estonia worked in service sector, 29% in industrial sector and only 4% in primary sector.

March 30, 2013

Magna to Build Research Center in Austria

Magna plans to set up a new research department in Traiskirchen.

March 29, 2013

Austria: Mitterlehner Still Optimistic For Automotive Industry

The massive decline of 23 % in the motor vehicle trade in the first ten days of March 2013 does apparently not concern Austria’s economy minister Reinhold Mitterlehner.

March 15, 2013

Slovak Unemployment Rate on the Rise

In January, compared with January 2012, the employment decreased in five surveyed sectors.

March 14, 2013

Austria: New Head of Division for Magna

Former head of Opel, Karl-Friedrich Stracke, is going to assume the automotive engineering division at Magna in Steyr, Austria.

March 12, 2013

Hungary: Percentage of Foreign Direct Investments in Decline

Foreign Direct Investments in 2012 was 5.2 % less than in 2011. According to the statistical central office in Hungary (KSH), the drop in the last quarter showed even -7.9 %. Massive declines in almost all sectors.

March 4, 2013

Slovakia: Economy Stagnating

On February 22, the European Commission anounced its modifications concerning the annual prognosis of the eurozone’s economic outlook for 2013. While the majority of the countries are in recession, Slovakia’s economy is forecast to grow by 1.1 %

March 4, 2013

Automotive Industry in CESEE Region Booms

According to an analysis issued by Austrian Erste Group, every fourth car produced in the EU in 2013 will be "Made in CEE".

December 28, 2012

Magna May Withdraw from Austria

The automotive group threatens to leave Austria. The wages would be too high, Magna Europe´s CEO Günther Apfalter says in an interview with “Kurier”.

November 5, 2012

Slovakia: Employment and Nominal Wages Growing

The highest wage increase was observed in the manufacturing and automotive industries. Employment was down in the construction sector and grew in the service sector.

October 12, 2012

Magna is Said to Lose Manufacturing of Mini

BMW considers shifting its production from Austria to the Netherlands or the U.K.

October 2, 2012

Sales Increase for Miba

The Austrian automotive component supplier recorded an increase in sales and earnings in the first half year of 2012.

September 7, 2012

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