Tag: Austria

By on May 20, 2014

Mercedes-Benz S500 Autonomous Limo

While autonomous vehicles are still in the early stages of testing, a few of the European members of the United Nations have laid the groundwork for the self-driven future to come sooner than later.

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By on January 31, 2014
MINI Countryman cars being assembled at Magna Steyr's Austrian facility.

MINI Countryman cars being assembled at Magna Steyr’s Austrian facility.

The Kleine Zeitung newspaper reported on Thursday that the BMW Group will end contract production of Mini cars by Magna Steyr in 2016. Automotive News reports that the Austrian supplier currently builds the Mini Countryman and Mini Paceman. BMW will move production of the two models to BMW’s own Mini factory in Oxford, England, and to Mitsubishi’s former NedCar facility in the Netherlands, where the Dutch group VDL will start Mini production under contract later this year. Magna Steyr’s corporate parent, Magna International, said in a statement that its relationship with BMW will continue through a new vehicle manufacturing contract.

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By on September 17, 2012

For months, Frank Stronach’s Magna was about to take over GM’s Opel, until GM suddenly canceled the deal, a decision GM probably regrets several times a day. Used to reach for the stars, Frank Stronach reaches higher. Instead of ruling Opel, he now wants to rule a country. (Read More…)

By on March 1, 2011

Don’t get confused by news that Volkswagen formally took over the Porsche Holding. They did, but Porsche Holding Salzburg is just one of the complicated web of Porsche companies. And  quite an interesting one. (Read More…)

By on September 20, 2010

If you are one of the richest car executives of the world, if you have “about twelve children. You never can tell for sure”, if those children are from four different women (I did not say wives), and if you are 73, you slowly start doing some estate planning.  That’s exactly what Ferdinand Piech, Emperor of Volkswagen and Porsche, did. His heirs are livid. (Read More…)

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