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Austrian Automotive Industry Headlines

Austrian Automotive Market Lags Behind Other European Markets

The number of new car registrations decreased by 7.5 percent in Austria in Q1 2015. At the same time the number of new car registrations in Europe increased by 8.5 percent Felix Clary, spokesman of the Austrian car importers said on Thursday evening. Clary thinks the reason for this is policy aimed against the automotive industry.

April 17, 2015

Cross Sells Carcarpet Manufacturer Durmont to AGM Automotive

Cross Industrial Investments agreed on a strategic partnership with AGM Automotive LLC in the sector of carcarpet production. AGM acquired a majority stake of Durmont Teppichbodenfabrik GmbH.

April 14, 2015

Pierer Goes Public with Former Cross Motorsports

Industrialist Stefan Pierer, owner of Cross Industries group, which already has majority stakes in the listed companies KTM and Pankl Racing Systems will enter the stock market with yet another company. From this Friday shares in WP group, formerly Cross Motorsports Systems will be traded on the Vienna Bourse.

April 9, 2015

Cross Industries to be Merged with Brain Force Holding by June

Cross Industries AG of the industrialist Stefan Pierer is supposed to be merged with BF Holding AG, former Brain Force Holding AG already in the first half of 2015.

March 20, 2015

Jaguar May Order Production of e-Car in Graz

Jaguar may soon order the production and development of an electric car at Magna Steyr in Graz/Austria. There have been speculations on the matter for a few weeks.

March 10, 2015

Czech's Tatra Trucks Renews Cooperation with India’s Beml

Tatra Trucks signed in Bangalore, India, the memorandum of understanding with Indian government-owned company BEML. Both parties have undertaken to cooperate on the supplies of spare parts and components for Tatra vehicles for India’s security forces.

March 9, 2015

Banner Car Batteries to Invest EUR 35 Mln in New Plant

Car batteries producer Banner plans to open a new facility in Pasching and will invest EUR 35 million (USD 39.6 million), the company told APA.

February 24, 2015

Austrian MAN Employees Surprised About Company’s Decisions

After yesterday’s revelation about the intended curbing of output in Austria and Germany by German truck builder MAN, due to a market slump, employees of the Austrian unit in Steyr issued their first official comments on Tuesday. The employee council said it was ‘surprised’ by the plans.

February 17, 2015

BMW Austria Grew by 7.3 Percent in 2014

Last year BMW Austria left its rivals behind. Whereas the whole market recorded a 4.9 percent drop in new registrations, BMW Group Automobile (BMW, Mini) recorded 7.3 percent growth. The sales of motorcycles stagnates and production of engines increased by 8.4 percent to 1.06 million.

February 3, 2015

KTM Aims at Third Place on Global Market by 2020

The Upper-Austrian motorcycle maker KTM wants to become number three in the world by 2020 and raise production to 250,000 motorcycles. Last year 158,000 two-wheelers were sold. The company generated EUR 865 million (USD 1 billion) in revenues, as well as a EUR 93 million (EBIT) profit.

January 21, 2015