Fifty million Euros will be invested in General Motors’ (GM) Powertrain factory in Vienna next year, it has emerged. Michael Lewald, who has managed the facility since August, told the Kurier today (Weds) the plan was to spend 50 million Euros in investments in 2012 after 70 million Euros this year. “I will ensure that […]
A leading Russian bank may take over struggling Volksbank AGs (ÖVAG) international operations department.Russian business newspaper Vedomosti reports today (Weds) that Moscow-based Sberbank was in the final stage of negotiations with ÖVAG about the acquisition of a 51 per cent interest in VBI (Volksbank International). The daily cites sources close to Sberbank’s top management saying […]
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 […]