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Automotive Industry

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

Significant Decline in Used Car Registrations

Registrations of used motor vehicles in July 2011: -7.5%; passenger cars -6.5%, lorries -11.6%.

August 19, 2011

ATB Returns to Profitability

The subsidiary of the insolvent A-Tec group achieved an increase in revenue of 18% in the first half of the year. EBIT turned positive to € 9.9m.

August 10, 2011

Slightly Positive Development of New Car Registrations in July

Registrations of new motor vehicles in July 2011: -2.3%; passenger cars: +1.1%, lorries: +5.0%.

August 9, 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

Pankl Acquires US-Based Superior Crankshaft

The Austrian component supplier takes over 100% of the American crankshaft producer which was also founded by Gerold Pankl.

July 27, 2011

Strong Growth for Car Leasing Companies

Booming car sales are boosting the leasing business in Austria. All major leasing banks recorded growth in the first half of 2011. The trend is expected to continue.

July 25, 2011

Moderate Decline in One-Day Car Registrations

One-day registrations of passenger cars in the first half of 2011: -0.7%; 5.1% of new passenger cars were deregistered within one day.

July 22, 2011

Slight Increase in Used Car Registrations from January to June

Registrations of used motor vehicles in the first half of 2011: +2.4%; passenger cars +1.5%, lorries +1.0%.

July 20, 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

New Motor Vehicles: All-Time Record in First Half of 2011

January to June 2011: Increase of new motor vehicle registrations by 9.9 % to 245,396 vehicles; new passenger car registrations up 10.6%.

July 11, 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

Significant Rise in Used Car Registrations

Registrations of used motor vehicles in May 2011: +12.3%; passenger cars +9.2%, lorries +13.5%.

June 22, 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

Miba Continues Its Growth Course

The Austrian component supplier’s level of orders reached a peak of € 260m. Sales increased by 41.5% to € 138.7m in the first quarter.

June 10, 2011

Further Rise in New Car Registrations

Registrations of new motor vehicles in May 2011: +19.7%; passenger cars: +18.4%, lorries: +25.3%

June 10, 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

Slight Decline in Used Car Registrations

Registrations of used motor vehicles in April 2011: -4.8%; passenger cars -5.7%, lorries -8.8%.

May 20, 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

Still Rise in New Car Registrations

Registrations of new motor vehicles in April 2011: +2.4%; passenger cars: +5.0%, lorries: -0.1%

May 10, 2011

Miba Engine Running at Full Speed

The Austrian component supplier could significantly increase its results. EBIT could rise more than threefold. Investments are pushed strongly.

May 5, 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

Teufelberger Becomes Supplier of Automotive Industry

The specialty cable manufacturer from Upper Austria is undertaking its first steps to establish itself in the automotive supplier industry.

April 27, 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

Moderate Increase in Used Motor Vehicles

Registrations of used motor vehicles from January to March 2011: +6.2%; passenger cars +5.8%, lorries +3.9%

April 19, 2011

Electric Mobility as a Topic of the Future for Domestic Enterprises

Austria's top politicians are expecting a high potential for Austria's economic landscape on occasion of the opening of the EL-MOTION congress.

April 14, 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

Frauenthal: Turnaround in 2010 Completed

Revenue was up by 19% to € 539.4 m (m). Profits rose from € -29.4m to € +17.4m.

April 1, 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

Strong Increase in Car Registrations

Demand for passenger cars increases heavily in Austria. Registrations of used motor vehicles in February 2011: +15.0%; passenger cars +14.0%, lorries +10.6%

March 22, 2011

Verbund Plans an Investment for €600m in the U.S.

A new financial and strategic direction seems to be set by the Austrian Verbund group. Electric mobility is to be promoted.

March 16, 2011

Škoda Increases Efficiency with S&T

The Austrian software company concluded a new IT-system for the Czech car manufacturer.

March 11, 2011

Significant Rise in Car Registrations

February 2011: Considerable increases for new passenger cars in Austria: +21.2%; over one-third more diesel-driven vehicles. Registrations rose by 23.5%.

March 10, 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

Semperit: Substantial Rise in Earnings

The Semperit Group could achieve a new revenue and earnings record in 2010. Revenue was up by 17.2%, EBIT rose by 18.4%.

February 18, 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
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