Frank Stronach

Austrian Elections 2013: Government Punished by the Voters

The two governing parties SPÖ and ÖVP have reached their worst results ever. Nevertheless, nothing will change in Austria.

September 29, 2013

Austrian Elections 2013: Governing Parties Lose Moderately

The Austrian political landscape has changed. New parties will enter the Austrian Parliament. Nevertheless, there is no realistic alternative to the “grand coalition” between SPÖ and ÖVP.

September 29, 2013 · Updated: September 29, 2013; 17:59

Austrian Elections 2013: Majority of Government Wobbles

Tomorrow, Austria will hold elections. The coalition between the social democrats (SPÖ) and the conservatives (ÖVP) has to fear that the majority may be lost.

September 28, 2013

Haselsteiner as Candidate for NEOS

Austrian party NEOS has added former CEO of Strabag Hans-Peter Haselsteiner as top candidate for the parliamentary elections. Haselsteiner has so far supported the party behind the scenes.

September 5, 2013

Stronach Calls For 25% Flat Tax

The Austrian industrial and new party leader Frank Stronach wants a radical tax reform.

September 29, 2012

Stronach Founds New Party: „Historical Event“

The former CEO of the Canadian automotive group Magna has presented his new party “Team Stronach” today.

September 27, 2012

Austrian Elections 2013: Stronach Confirms Candidacy

This week, the former CEO of Magna Frank Stronach will present the program of his party. The name of the party is not fixed yet.

September 25, 2012

Austrian Railways: Pöchhacker Opposes to Privatization Plans

Horst Pöchhacker, President of ÖBB´s (Austrian Railways) is against a privatization of the company. Vice-Chancellor Michael Spindelegger (ÖVP) recently suggested to sell ÖBB to Frank Stronach.

September 10, 2012

ÖBB to Become Privatized?

In the summer talks of Austria´s public broadcaster ORF, Vice Chancellor commented that the founder of Magna Frank Stronach should acquire ÖBB (Austrian Railways). A highly controversial debate has begun.

September 8, 2012

Austrian Government and National Bank Against Return to Shillling

Federal Chancellor Werner Faymann and Governor Ewald Nowotny oppose to the idea of returning to Austria´s former currency.

September 1, 2012

Stronach Enters Political Stage

The Austro-Canadian industrialist Frank Stronach founds his own party and intends to run for the next election in 2013. Stronach wants Austria to leave the Eurozone.

August 13, 2012

Austria Connect Canada 2012

2nd Austria Connect Canada 2012 Conference: Intensive exchange of experiences and views in Toronto on Research and Development.

June 28, 2012

Magna to Build Battery Factory in Styria

The international component supplier and Frank Stronach will start production of batteries for electric vehicles. They received a major order from Mercedes.

August 26, 2011

Frank Stronach to Apply for Casino Licenses

The Austro-Canadian founder of Magna and the German Gauselmann Group establish a company with the goal of entering the Austrian gambling market.

August 26, 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

Magna: Significant Increase in Sales and Earnings

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

November 5, 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 - 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

Magna - Plan of arrangement completed

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

September 1, 2010

Magna International AGM - Shareholders will vote about Frank Stronach’s future

The Austrian-Canadian supplier Magna International set a new general meeting for July 23rd, to vote about the retreat of founder Frank Stronach.

July 9, 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