The latest automobile and automotive industry and company news and analysis from FriedlNews
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Austrian Automotive Industry Headlines

ÖAMTC Rules VW Customers Have No Grounds to Sue

Following an inspection of an Audi A4 and VW Golf after software modifications in the wake of the VW emissions scandal, Austrian automobile club ÖAMTC determined that buyers of the cars had incurred no loss and hence suing the car maker would be pointless. In the USA VW has agreed to pay $14.7 billion to regulators and a half million American diesel car owners to settle its emissions-rigging scandal. This points out that U.S. laws are stricter in this respect than Austrian laws.

5 minutes ago

Kapsch TrafficCom Lands Deal in USA

Listed toll system provider Kapsch TrafficCom AG has secured a deal worth USD 11.5 million (EUR 10.4 million) in the USA. A subsidiary of the Austrian firm has been commissioned with the upgrade of the Integrated Transportation Management Systems in the Highway Operations Center (HOC) of the traffic authority of Massachusetts.

10 minutes ago

Brexit: Fiat Could Relocate Production from UK to Steyr

In the case of a Brexit, production could be relocated from Britain to Austria, to Fiat’s plant in Steyr, Fiat Chrysler Automobiles (FCA) head Sergio Marchionne announced in Venice at the weekend, Standard daily reports in its latest issue.

June 21, 2016

Palfinger Eyeing Norwegian Offshore Technology Provider TTS

Listed crane manufacturer Palfinger has submitted a bid for Norwegian ship chandler TTS Group ASA, the company announced. Palfinger would like to acquire all shares of TTS, for a total price of EUR 60 million (USD 67.54 million) in cash, though Palfinger would also have to cover debt of the Norwegian firm.

June 21, 2016

What Brexit Means for Austria: Mitterlehner, Kurz, Fiat Steyr

Mitterlehner hopes that the referendum will end in Britain staying in the EU. Kurz says, that Brexit would be terrible. Fiat could relocate production of agriculture and construction machine maker CNH (Case New Holland) from UK to Steyr in case of Brexit.

June 20, 2016

Car Dealer Pappas Starts New Year With Strong Sales

Salzburg-based car dealer Pappas raised its sales in the financial year 2015/16 by 13 percent to EUR 1.1 billion (USD 1.25 billion). The company had 2,330 employees.

June 10, 2016

FACC Ex-CEO Wants to Sue Company for Dismissal

The former CEO of aviation technology supplier FACC, Walter Stephan wants to sue the company for the dismissal without notice two weeks ago, Der Börsianer newspaper alleges.

June 6, 2016

Uniqa Rewards Drivers Resigning from Mobile Phone Use at Steering Wheel

Uniqa insurance group is expanding its vehicle telematics tariff SafeLine: it will reward drivers resigning from mobile phone use while driving and young drivers under the age of 25 for leaving the care standing at the weekend (night from Saturday to Sunday).

June 2, 2016

FACC Aircraft Components Supervisory Board Member Peters Resigns

Listed aircraft components maker FACC saw supervisory board member Gregory B. Peters step down with immediate effect, the company said on Monday.

May 30, 2016

Porsche, Piëch Among Richest Austrians

The families Porsche and Piëch once again lead the ranking of richest Austrians, established by business magazine trend. However, due to the emission scandal of VW, the two automotive industry families saw their wealth shrink to EUR 35.4 billion.

May 27, 2016