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Austrian Automotive Industry Headlines

FACC Aircraft Components Sacks CFO Over Cyber-Fraud Case

Listed aircraft components group FACC dismissed CFO Minfen Gu in connection with the recent cyberattack which cost the company some EUR 50 million (USD 54.6 million), the company said in a statement on Wednesday.

February 3, 2016

FACC Aircraft Components Shareholders Demand Clarification over Cyber-Fraud

Listed aircraft components group FACC shareholders called for clarification regarding the recent case of cyber-fraud in which the company lost EUR 50 million (USD 54.6 million), investor lobby head Wilhelm Rasinger told the daily WirtschaftsBlatt.

February 2, 2016

67,000 VW Caddys Called Back, 2,742 in Austria Alone

Car maker VW Nutzfahrzeuge has called back 67,000 vehicles (Caddy model, production period May 2012 to January 2013) in Europe and 2,742 alone in Austria. Over half of those cars are already waiting to be serviced, general importer Porsche Austria told APA on Wednesday.

January 27, 2016

European and Austrian Market of Utility Vehicles Up Again

According to the European automotive market organization Acea the market of utility vehicles grew last year. In 2015 the number of vehicles sold increased 12.4 percent to 2.08 million.

January 26, 2016

Pappas Group Sold 11 Percent More Vehicles in 2015

Pappas group with headquarters in Salzburg sold in 2015 18,990 passenger cars and utility vehicles. This means growth of 11 percent. The sales of new cars increased by almost 19 percent to 12,590. The transporter division achieved "the best sales results in the division’s history” with growth of 32.5 percent to 4,585 new cars.

January 25, 2016

Doppelmayr to Build Cable Liner Shuttle at Moscow’s Airport

The Vorarlberg-based producer of cable lifts Doppelmayr has landed another order for its Cable-Liner system. By 2018 DCC Doppelmayr Cable Car, a member of the Doppelmayr group, will build a cable car line at the Sheremetyevo International Airport in Moscow, the company announced. The value of the order is a few dozen million Euros.

January 22, 2016

FACC Aircraft Components Confirms Losing EUR 50 Mln in Cyber Attack

Listed aircraft component maker FACC, which suffered a nearly 17-percent stock price decline on Wednesday after the news on a costly cyber attack, assured no data were stolen and the impact was purely financial at EUR 50 million (USD 54.6 million), in line with previous announcement, according to the group's statement and spokesman.

January 21, 2016

Austrian Consumers Seek Settlement with VW Automotive over Scandal

A group of Austrian consumers under the lead of consumer protection association VKI may file a class action suit against German automotive giant VW in connection with the scandal that erupted in 2015. As class action is not possible in Austria, VKI has set up a foundation in the Netherlands for the purpose. The group is attempting to launch settlement negotiations with the German company.

January 18, 2016

Wishing you Peace, Joy and Happiness in the New Year

Dear Reader, As the year comes to an end, I wanted to write and thank you for your support. It's the loyalty of readers like you that enables us to provide our service. This year saw us once again reporting on topics related to cross-border activities in business and diplomacy. Our mission remains to inform and to connect Austria's international professionals and expatriates to enable them to be more productive and successful. Whatever 2016 brings, my editorial team and I will continue to bring you the latest in Austrian-international news and insight. I wish you a peaceful and prosperous holiday season and - till next year. Warm regards, Dr. Peter J. Friedl, Editor, FriedlNews

December 23, 2015

FriedlNews wishes Merry Christmas and a Happy New Year from Vienna!

Warmest wishes for the season, and sincere thanks for your loyalty throughout the years! Our service will be closed untill January 11th, 2016. The FriedlNews Team

December 23, 2015