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Automotive
The latest automobile and automotive industry and company news and analysis from FriedlNews
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Vienna now has its own Expat Center
In Vienna, the first Expat Center in Austria was opened. The project was handled by the Vienna Business Agency (former WWFF).
September 30, 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
Deripaska: Back to Austria as Strabag Shareholder?
In 2 weeks, on October 15, the deadline expires for Oleg Deripaska to re-purchase his 25% share of the domestic construction company Strabag for about half a billion euro.
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
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
Austria's Management and Supervisory Boards’ Salaries on the Test Bench
The partly state-run OMV had the most expensive board of all Austrian corporations in 2009. In total, the oil company spent 10.2 million euro on its bosses, 23.4% more than the previous year.
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
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