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Automotive Industry
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
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
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