Frank Stronach

Magna Automotive Buys German Firm Telemotive

Canadian car component maker Magna International will take over a company in Germany for an undisclosed price. The German subsidiary of the Magna group founded by Frank Stronach will acquire Telemotive AG from Mühlhausen, which produces electronics for vehicles and has some 600 employees.

April 25, 2016

Austrian Elections 2013: Government Punished by the Voters

The two governing parties SPÖ and ÖVP have reached their worst results ever. Nevertheless, nothing will change in Austria.

September 29, 2013

Austrian Elections 2013: Governing Parties Lose Moderately

The Austrian political landscape has changed. New parties will enter the Austrian Parliament. Nevertheless, there is no realistic alternative to the “grand coalition” between SPÖ and ÖVP.

September 29, 2013 · Updated: September 29, 2013; 17:59

Austrian Elections 2013: Majority of Government Wobbles

Tomorrow, Austria will hold elections. The coalition between the social democrats (SPÖ) and the conservatives (ÖVP) has to fear that the majority may be lost.

September 28, 2013

Haselsteiner as Candidate for NEOS

Austrian party NEOS has added former CEO of Strabag Hans-Peter Haselsteiner as top candidate for the parliamentary elections. Haselsteiner has so far supported the party behind the scenes.

September 5, 2013

Stronach Calls For 25% Flat Tax

The Austrian industrial and new party leader Frank Stronach wants a radical tax reform.

September 29, 2012

Stronach Founds New Party: „Historical Event“

The former CEO of the Canadian automotive group Magna has presented his new party “Team Stronach” today.

September 27, 2012

Austrian Elections 2013: Stronach Confirms Candidacy

This week, the former CEO of Magna Frank Stronach will present the program of his party. The name of the party is not fixed yet.

September 25, 2012

Austrian Railways: Pöchhacker Opposes to Privatization Plans

Horst Pöchhacker, President of ÖBB´s (Austrian Railways) is against a privatization of the company. Vice-Chancellor Michael Spindelegger (ÖVP) recently suggested to sell ÖBB to Frank Stronach.

September 10, 2012

ÖBB to Become Privatized?

In the summer talks of Austria´s public broadcaster ORF, Vice Chancellor commented that the founder of Magna Frank Stronach should acquire ÖBB (Austrian Railways). A highly controversial debate has begun.

September 8, 2012