AUSTRIA: BMW UPS DIESEL ENGINE PRODUCTION

Article Abstract:

By the end of year 2000 BMW of Steyr is to install a new production line for diesel engines in order to ease capacity shortage. The investment amounts to Sch 300mn. In 2000 the Steyr works will produce about 600,000 diesel and petrol engines, up 10% from 1999. The Austrian plant covers the entire diesel engine demand of the German parent. Managing director Wolfgang Kropf expects the share of diesel cars on the European market to rise from 30% to 40% in the medium term.

Sales & consumption, Capital expenditures, European Union, BMW AG

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AUSTRIA: BMW BETTING ON DIESEL ENGINES

Article Abstract:

BMW Motoren GmbH has inaugurated a new diesel engine development centre in Steyr, Austria. In September 2001 the new diesel engine assembly line installed at the beginning of 2001 will expand to two-shift operation. BMW is to make further investments of about Sch 1bn in its factory in Steyr in 2001. The money will be spent mainly on expanding mechanical production, assembly of diesel engines, new testing methods and the expansion of logistics. More environmentally friendly technologies will be introduced at the plant. BMW Motoren GmbH, BMW's largest engine plant, produces annually about 620,000 petrol and diesel engines, covering the group's entire demand for diesel engines and for 4- and 6-cylinder petrol engines.

New capacity, new plant construction, BMW Motoren GmbH

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Austria: Third bidder for ATB

Article Abstract:

The last step to complete the total privatisation of the Austrian state association for industrial political measures (GBI) , the sale of engine producer Austria Antriebstechnik ATB, has been postponed due to a third offer being considered. Previously the offers being considered were by Mirko Kovats and Global Equity Partners. All three companies are being given the opportunity to revise their offers, thus the sale of ATB may bring in more money for GBI than expected.

Asset sales & divestitures, Automobile equipment and supplies industry, Automotive parts industry

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