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Automotive Industry
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
Austrian Exports to Japan Reach New Record
Last year, bilateral trade between Austria and Japan recorded a new high. Austrian exports to Japan amounted to € 1.3bn.
March 27, 2012
Voestalpine Gets a New Group Structure
The Automotive Division and Profilform Division will be amalgamated to create the Metal Forming Division.
March 27, 2012
Voestalpine Forecasts Improved Business Conditions
Austrian steel group voestalpine expects results to improve from April 2012 as it benefits from price hikes and solid demand, Reuters reported.
March 27, 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
Frauenthal Considers Short Time Work
The Austrian component supplier experiences the first signs of the economic crisis. As orders are going down by 10% to 15%, short time work becomes an issue again.
February 24, 2012
Frauenthal Increased Revenues and Earnings in 2011
The Austrian automotive supplier raised revenues by 9%, EBIT was up by 3.8%.
February 23, 2012
All-Clear for Opel Site in Vienna
Although the German automobile producer faces serious troubles, the Viennese factory is not endangered to cut jobs.
February 21, 2012
Expansion of the Board of ATB
The Management Board of ATB Austria Antriebstechnik AG was enlarged: the British national Ian Lomax becomes Chief Operating Officer.
February 21, 2012
Erste Group Acts as Bookrunner for Miba
The majority of € 75m bond was placed with retail investors in Austria. The offering was 3.5 times over-subscribed.
February 21, 2012
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
Voestalpine Amends Expansion Plans
The Austrian steel producer intends to use its technologic leadership in the automotive component business for further expansion steps.
February 18, 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
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
Rosenbauer Wins Order worth € 245m in Saudi Arabia
The Austrian manufacturer of fire fighting vehicles has won the biggest order in the company’s history. 1,125 vehicles will be supplied.
December 16, 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
Significant Growth in Earnings for Frauenthal Group
The Austrian component supplier reported growing revenue for the period from January to September. EBIT increased by 26.5% to € 18.6m.
November 25, 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
Rosenbauer Reports Drop in Profit
The Austrian manufacturer of fire fighting vehicles registered record order intake of € 456m in the first nine months of the year. Revenues and EBIT came in lower than expected due to shipment delays.
November 18, 2011
Car Market Grows Slightly in October
New passenger car registrations increased by 0.7%; the mark of 300,000 registrations has already been exceeded in the year 2011.
November 10, 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
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