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Austrian Industrial Company Headlines

City of Munich Orders More Trams from Siemens Austria

Munich has ordered more trams from Siemens Austria. Siemens is going to make 22 trams for EUR 70 million (USD 78 million) for the municipality. The city has also options to order another 124 tram units worth up to EUR 300 million.

October 2, 2015

General Motors Engine Production in Aspern to End in 2018

The Opel factory of General Motors (GM) in Vienna Aspern is going to halt the production of engines in 2018, but all jobs shall be maintained, it was agreed with the employee council, Salzburger Nachrichten (SN) daily reports. The GM did not want to confirm or comment the news though.

October 2, 2015

Austrian Industry: Sentiment Worse Than Ever

"The worries over the industry haven’t been that strong since I have been active. Also, the sentiment among companies is worse than everything I have experienced over the past two decades” Christoph Neumayer, general secretary of Industriellenvereinigung (IV) told journalists in Vienna.

October 1, 2015

Volkswagen Recalls 363.400 Vehicles in Austria

Automotive giant VW is recalling 11 million cars of various brands of the Volkswagen group in connection with the recent emission scandal, thereof 363.400 in Austria, the group announced.

September 30, 2015

Obi DIY Retailer Gets Cartel Watchdog's Consent for Baumax Stores Takeover

German DIY retailer Obi secured the unconditional approval for the takeover of 68 stores of ailing competitor Baumax, Austrian competition authority BWB said on its website.

September 30, 2015

Austrian President Fischer Visits Bolivia

Austria’s Federal President Heinz Fischer will participate in a UNO assembly session in New York on Wednesday, and will travel to Bolivia afterwards. He will be in La Paz for two days, on an official visit meeting with President Evo Morales.

September 29, 2015

VW Diesel Scandal - Austrian Automotive Industry Worried

Exhaust gas manipulation in Volkswagen (VW) has caused worries also in the Austrian automotive branch. In Austria hundreds of thousands of jobs depend on the automotive industry and automotive suppliers. Companies are reluctant to comment on the crisis.

September 25, 2015

Hagebau Takes Over Six Baumax Markets

The asset stripping for DIY chain Baumax continues. After German chain Obi took over 49 of the 65 branch stores in Austria, another six in Eisenstadt, Gralla, Graz, Judenburg, Mistelbach und St. Pölten have been taken over by Hagebau companies.

September 25, 2015

VKI Advises Consumers to Join Campaign Against VW

Consumer protection union Verein für Konsumenteninformation (VKI) calls for consumers to gather together against the Volkswagen group, which has got into disrepute recently on account of alleged manipulations of exhaust fume measuring.

September 25, 2015

Diesel Sales Boom in Austria

Austrians find the issue of air quality and pollution important, but price issues prevail when it comes to the purchase of fuel. More and more Austrians decide in favour of Diesel-fuelled vehicles, which use the cheaper fuel, even though the purchase prices are usually higher.

September 24, 2015