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Automotive Industry

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

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

Austrian Production Output up by 7.0%

Positive production trends in industry and construction in October 2010; turnover +7.0%.

February 1, 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

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

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

Change in Magna´s Management

The Austrian-Canadian component supplier announces a change in its Board of Directors. Belinda Stronach leaves.

December 22, 2010

Order for Over € 100m for Voestalpine

The Austrian steel company receives an order for over € 100m by Daimler Trucks.

December 20, 2010

Miba Increases Both Sales and Earnings

At € 313.7m, revenue of the Austrian component supplier is up 37 percent from the previous year. Number of employees of the Miba Group up by 20 percent.

December 10, 2010

Strong Sales Growth at Infineon Austria

The semiconductor manufacturer increased sales by 47% in 2009/10. The Austria location will be expanded.

December 6, 2010

Voestalpine: Doubling of Sales in Five Years

By 2015, the Chairman of the Board of the Austrian steel group, Wolfgang Eder, intends to achieve sales over € 15b billion through expansions.

December 6, 2010

India: New Promising Market for Austrian Supply Industry

Car sales in India rise steadily by 30%. Indian vehicle and component manufacturers are increasingly showing interest in foreign technology.

November 23, 2010

Pankl Announces 2009/10 Results

The Styrian Engineering Company records a slight fall in revenues. EBIT grew by 94%.

November 22, 2010

Magna: Fight for Pininfarina Car Designer

Magna is interested in buying the renowned car body manufacturer and designer Pininfarina, but Indians and Chinese also have purchase intentions.

November 18, 2010

Voestalpine Announces Q1-Q3 2010 Results

Voestalpine group increases EBIT by almost tenfold up to € 414m. Revenue goes up by 24.2% due to significant growth in sales

November 18, 2010

Magna: Significant Increase in Sales and Earnings

Magna International Inc. today reported financial results for nine months ended September 30, 2010.

November 5, 2010

Polytec: Withdrawal of RLB Oberösterreich?

According to market information, the Raiffeisen Landesbank Oberösterreich (Upper Austria) will separate from the auto supplier, who was badly hit by the crisis, but is writing black figures again.

November 4, 2010

Polytec Group Continues Upward Trend

The Upper-Austrian automotive component supplier is able to record rising earnings also in Q3 2010.

November 3, 2010

KTM is Back Again

With a surprisingly positive quarterly result, the motorcycle manufacturer KTM shows its old strength. All expectations have been exceeded.

October 22, 2010

MAGNA: Still No Battery Plant in Burgenland

All efforts towards the establishment of the plant seem in vain so far, although the prospects for success seemed quite good recently.

October 18, 2010

Production of BMW X3 Shifts From Styria to USA

In Graz, where the BMW X3 has been manufactured until now, production will focus on Minis.

October 14, 2010

Slovakia: Changes in Automobile Production Trend

Manufacturers operating in Slovakia invest again. Total production in 2010 may reach over half a million vehicles. An opportunity for foreign suppliers.

October 12, 2010

AVL Opens Battery-Testing Lab in Shanghai

With the opening of its battery laboratory at AVL Shanghai Tech Center in China, the company has taken a further visible step on the path toward powertrain electrification in the area of battery development.

October 6, 2010

Russian Machines: Siegfried Wolf Obtains a Stake and Receives Clear Voting Rights

Siegfried Wolf, one of the two former top executives of Magna International not only changes over (as reported) to Oleg Deripaska's “Basic Element” company, but will also have a stake in it.

September 29, 2010

Magna: Rapprochement to Opel through Astra-order

Magna will take over the development of a new Opel Astra model. Just a year ago, Magna attempted to acquire the whole German GM subsidiary, but the takeover was aborted by General Motors.

September 29, 2010

HTI Subsidiary Gruber & Kaja Receives 45 Million Euro Contract

HTI technology group wins a new major contract worth a total of around 45 million euro to be executed in the term of eight years.

September 23, 2010

Magna International - Openings of New Plants in St. Petersburg Area

Magna International Inc., the world’s most diverse automotive supplier, announced today the opening of three facilities in the St. Petersburg, Russia, area.

September 23, 2010

Economy - Registrations of motor vehicles up in August

Registrations of used motor vehicles in August 2010: +9.9%; passenger cars +11.4%, lorries +6.6%. A total of 85 041 registrations of used motor vehicles were observed in August 2010, which is 9.9% more than in August 2009.

September 23, 2010

Zizala to spend EUR 15 million for plant development

Zizala Lichtsysteme GmbH, Wieselburg, Lower Austria invested some EUR 15 million in the development of its plant in Scheibbs, in a bid to raise its production capacity.

September 20, 2010

Ferdinand Piëch: Fortune Transferred to Austrian Foundations

The 73-year-old Porsche co-owner and Volkswagen's supervisory board chairman Ferdinand Karl Piëch has bequested his fortune.

September 20, 2010

Polytec Takes Off on the Stock Market. Huemer's Vision Blooms Again

The share of the auto supplier Polytec surprises the Vienna Stock Exchange with price jumps. "Who knows what is behind it," they say.

September 14, 2010

Magna - Siegfried Wolf to leave in November

Magna International Inc. today announced that Siegfried Wolf, Magna's Co-Chief Executive Officer, has resigned as a director and officer effective November 15, 2010.

September 13, 2010

Opel - Plant in Vienna Aspern provides EUR 10.6 million per year to Germany

The staff of the automotive plant of General Motors in Aspern provides around EUR 10.6m p.a. for the reorganization of German car producer Opel

September 3, 2010

Magna - Plan of arrangement completed

Magna's plan of arrangement to eliminate Magna's dual-class share structure has been completed.

September 1, 2010

Miba Acquires Producers of Power Electronics Components

Miba, strategic partner to the international engine and automotive industry, has acquired EBG and DAU, producers of power electronics components, as of September 1, 2010.

September 1, 2010

Registration numbers of new passenger cars are up

Provisional number of new passenger car registrations in August 2010: +10.4%.

September 1, 2010

Stronach handing off control of Magna International

Shareholders decide on the planned restructuring of the international subcontractor- development of e-cars

June 28, 2010
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