Automotive

The latest automobile and automotive industry and company news and analysis from FriedlNews
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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

Frauenthal Completes Sale of Stabilizer Division

The listed sanitary ware trader and producer of car components Frauenthal completed the sale of a major part of its division "Stabilizers and leaf springs” (a part of Frauenthal Automotive) to TBC Netherlands on Tuesday.

December 23, 2014

Porsche Salzburg Posts Record Sales

The Porsche Holding Salzburg has grown again this year, contrary to the general trend in the automotive industry.

December 16, 2014

Miba Boosts Sales and Profit in Three Quarters

The listed technology group Miba managed to improve its sales and profit in the first three quarters of the current financial year 2014/15. Sales increased by 8.3 percent to EUR 498.3 million and after-tax profit increased from EUR 37.9 million (USD 47.13 million) to EUR 45.2 million.

December 3, 2014

Hyundai and Opel Motor Vehicles Top the List of Newly Registered Passenger Cars

A total of 26,945 registrations of new motor vehicles in Austria was observed in October 2014, by 0.8% more compared to October 2013.

November 11, 2014

India to Emerge KTM Production Hub by Year End

India is on the cusp of emerging as the lead production hub of Austrian motorcycle brand KTM with the four motorcycles manufactured at the Chakan plant poised to outsell super-sports and off-road bikes rolling out of the Mattighofen facility in Austria.

October 23, 2014

Miba Expands Production Facilities in the US

Automotive supplier Miba Sinter USA, LLC, is opening new production facilities in Ohio. The extension will create 100 new jobs in the next three years and represents an investment of USD 8 million.

August 1, 2014