Breaking News:

ÖVP head pounces on PPÖ People’s Party (ÖVP) Vice Chancellor Michael Spindelegger has branded the Pirate Party (PPÖ) as a "group of clowns".
Sickness surge causes AUA cancellations Passengers are finally feeling the full impact of the emerging labour conflict at Austrian Airlines (AUA).
Transparency package 'doomed to fail' Herbert Bösch has harshly criticised the government over a lack of transparency regarding party finances.
ORF headquarters feud continues The ORF Stiftungsrat is sceptical regarding the chance of reaching an agreement about the future location of the broadcaster.
Economy not at risk, says Felderer Economic expert Bernhard Felderer has dismissed concerns that the latest budget package could seriously harm the Austrian economy.
RBS beat Kapfenberg Kapfenberg will be relegated at the end of this season.
TA recovers as CEO rejects Pecik fears Telekom Austria (TA) is back in the black.
Q1 car boom succeeded by April austerity Austrian car dealers sustained a slight setback last month as the number of car sales fell.
AUA shrugs off flight chaos concerns Austrian Airlines (AUA) is determined to cover possible staff shortages.
Turmöl sales soar Austria’s main discount petrol station network earned more in the first three months of this year thanks to the current developments on the energy products sector.
Police release image of bald hair thief Austrian police have issued a photo of a bald man who has been cutting the hair from young girls before running off with his trophy.
Bonuses must mean tax cuts, says ÖVP boss The People’s Party (ÖVP) has suggested to lower the tax pressure on companies which share their profits with employees.

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02. 09. 10. - 12:00

AVL eyes up NTC

AVL Holding GmbH (AVL) is considering taking over NTC Powertrain Australia, USA and UK (NTC), it has been reported.

Business newspapers have it today (Thurs) that the Graz-based firm has signed a letter of intent to acquire the internationally operating firm.

NTC provides transmission designs and prototype solutions to car-making companies such as General Motors, Volkswagen (VW) and Ford.

AVL focuses on development, simulation and testing technology for powertrains for passenger cars, lorries and large engines. It has around 4,300 employees around the world.

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