Erwin Hoffer is about to join Eintracht Frankfurt, according to sport newspapers.The Austrian national team striker most recently played for 1. FK Kaiserslautern after the German Bundesliga club agreed on a one-season loan deal with Italian giants SSC Napoli where Hoffer experienced a tough time. Hoffer who left Rapid Vienna in 2009 is […]
The first ever Aston Martin manufactured outside Great Britain will be produced at the carmakers headquarter facility from next year, it has emerged.The British company announced yesterday (Tues) it decided not to continue the cooperation with Austrian-Canadian company Magna International (Magna). The firm which was founded by Austrian businessman Frank Stronach in the 1950s […]
The Austrian national team managed to make amends after having suffered a string of humiliating defeats in the Euro2012 qualification.The squad of Dietmar Constantini celebrated a 3-1 win against Latvia in Graz yesterday evening (Tues). The players clad in red-white-red had to put in some extra effort to please their fans after Pavels Mihadjuks took […]
Peter Schöttel has been named new Rapid Vienna manager.The former defender, who currently coaches league rivals Magna Wiener Neustadt, agreed with Rapid bosses a two-year deal, it was confirmed today (Mon). Schöttel was hotly tipped to take over at the Green-Whites for weeks.He will succeed Peter Pacult who was fired last month amid accusations he […]
A factory in Vienna has produced the 20-millionth gearbox for General Motors (GM), it emerged today (Thurs).GM Powertrain Austria boss Rudolf Hamp said GM decided to pour an additional 50 million Euros in the plant in Donaustadt district to improve the production process after the 20-millionth gearbox left the conveyor belt earlier this week.Hamp said […]
Austrian businessman Frank Stronach is set to become involved with a Lower Austrian airline, it has emerged.Jetalliance boss Lukas Lichtner-Hoyer told the WirtschaftsBlatt newspaper today (Thurs) he was “delighted” at having managed to win Stronach as an investor.The Kottingbrunn-based business charter aviation firm merged with Magna Air, a subsidiary of Magna International, 10 years ago.Stronach […]
Outgoing Magna co-chief Siegfried Wolf has rubbished claims that his departure will have a negative effect on the car parts makers factory in Austria.Russian billionaire Oleg Deripaska said earlier this month Wolf was set to head the automotive division of his company Russian Machines.The announcement came just weeks after Frank Stronach accepted a multi-million payout […]
Austrias best-paid manager is to work for oligarch Oleg Deripaska, it has emerged.Austrian-Canadian car parts manufacturer Magna announced today (Mon) co-chief Siegfried Wolf had decided not to extend his contract but to join OJSC Russian Machines.The Styrian will head the supervisory board of the company which one of Russias largest industrial holdings.Wolf has been working […]
Magna founder Frank Stronach has claimed his decision to withdraw from day to day decision-making will not have unpleasant effects on his home provinces “car cluster”.The 77-year-old businessman recently decided to accept a multi-million payout for losing his voting rights at the Austrian-Canadian car parts maker.Stronach reportedly received around 800 million Euros after accepting his […]
Frank Stronach has revealed plans to move into forestry and cattle breeding as the Magna founder launched a scathing attack on American companies over the conditions they keep their herds in.Stronach said: “Im planning to buy 20,000 hectares of woods in (the US state of) Florida. The climate is excellent there.”Speaking about his intentions to […]