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Vienna International Automotive Industry News
Read the latest headlines about developments in the international automotive industry in Vienna and Austria
India to Emerge KTM Production Hub by Year End
India is on the cusp of emerging as the lead production hub of Austrian motorcycle brand KTM with the four motorcycles manufactured at the Chakan plant poised to outsell super-sports and off-road bikes rolling out of the Mattighofen facility in Austria.
October 23, 2014
Miba Expands Production Facilities in the US
Automotive supplier Miba Sinter USA, LLC, is opening new production facilities in Ohio. The extension will create 100 new jobs in the next three years and represents an investment of USD 8 million.
August 1, 2014
Indian Bajaj Auto Helps Plot KTM its Global Comeback
One in 5 of Austrian company's bikes are made in Pune, for a big cost advantage, enabling it to take market share from rivals.
July 25, 2014
Austrian Export Award 2014 for Above-Average Export Commitment
As part of a festive gala evening in Vienna's Museumsquartier, the Austrian Export Prize 2014 has been awarded by the Federal Minister for Science, Research and Economics, Reinhold Mitterlehner, and the President of the Economic Chamber Austria (WKO) Christoph Leitl.
June 26, 2014
Fiat Intensifies Investments in Poland
As reported by Polish daily Puls Biznescu, Italian automotive manufacturer Fiat plans on lauching the production of a new series, similar to the so-called Punto.
May 9, 2014
CA Immo to Sell Mercedes Benz Headquarters in Berlin
After selling Tower 185 in Frankfurt, CA Immo will now sell the headquarters of Mercedes Benz in Berlin. By this measure, debts will decline significantly for the Austrian real estate company.
October 7, 2013
Romania: Modest Growth for Metal Industry
Romania's metals sector will continue to see modest growth.
September 27, 2013
Poland Leads Ranking of Top Enterprises in CEE
Credit insurance company Coface has for the fifth time published a study about the Top 500 enterprises in Central and Eastern Europe.
September 24, 2013
Turkey: Industrial Turnover Index Grew 14.8 Percent
The statistical office of Turkey announced that the Industrial Turnover Index in July increased by 14.8 percent compared to the same month in 2012.
September 13, 2013
Russia: Disappointed About Joining WTO
A year ago, Russia joined the World Trade Organization (WTO). However, the country is not satisfied with the results despite of having negotiated about joining for 19 years.
August 26, 2013
Austria: Increased Demand in Romanian Exports
For the first time, Austria has imported goods from Romania exceeding the amount of € 1bn. Metals and machines are on top of the list of imported Austrian goods in Romania.
July 24, 2013
Russian Car Market to Get New Lift
The number of sales of new cars in Russia has declined 11 percent. This is the fourth month in a row showing declines, according to the figures of the Accociation of European Businesses (AEB).
July 10, 2013
Magna Not to Leave Austria for Eastern Europe
“There will be no impacts on Austria or Styria“, a spokeswoman announced. Instead, a plant in Belgium will “probably” be closed.
June 26, 2013
Magna Opens New Engineering Center in Shenyang
Magna International Inc., announced yesterday that its Magna Steyr operating unit continues to strengthen its worldwide network of engineering services by opening a new engineering center located in the Tiexi District of Shenyang, China.
June 26, 2013
Mitterlehner: Romania Offers New Chances for Austrian Economy
Austrian Economy Minister Reinhold Mitterlehner met his Romanian counterpart Varujan Vosganian in Vienna.
June 25, 2013
US: Active Investor in Romania
US companies remained active investors in Romania last year. Particulary the IT sector, automotive industry and oil/gas sector are increasingly strengthening their local position. Foreign direct investments from the US came at more than $ 1bn.
June 24, 2013
Eder Appeals for Reindustrialization in Europe
In an interview with Austrian daily „Kurier“, Wolfgang Eder, CEO of Austrian steel producer voestalpine talks about the future of the European steel industry and the differences to the US energy policy.
June 20, 2013
Austria: Biggest Investor in Serbia
Serbia encourages Austrian enterprises to further invest in Serbian industries.
May 16, 2013
Magna Negates Downsizing
The Canadian-Austrian automotive component supplier Magna has rejects the alleged cut in workstaff in its plant in Graz.
May 6, 2013
Magna: Workstaff in Europe to be Reduced
According to CEO Walker the factory in Graz needs to become more efficient.
May 6, 2013
KTM: Strong Growth in Q1 2013
Sales: 26,029 vehicles / +34.1%, Revenue: 163.5 mio. EUR / +20.5%, Overproportional growth in Asia (+424%), Increase of market shares in Europe (+9.4%) and US (+23.3%)
April 22, 2013
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
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