In 2019 Bosch made considerable investments of capital and human resources at its Austrian sites. It is attaching particular emphasis on R&D.

In 2019, BMW invested € 374 million in the Austrian production facility in Steyr which manufactures close to half of all BMW engines.

Fraport AG’s Supervisory Board, in an extraordinary meeting today, elected Hessian finance minister Michael Boddenberg as their new chairman. Michael Boddenberg succeeds Karlheinz Weimar, who stepped down at the close of yesterday’s Annual General Meeting (AGM) – after leading the Supervisory Board for more than 16 years. The shareholders elected Michael Boddenberg to the Supervisory Board at yesterday’s AGM.

M&A Report (May 2020)

German auto supplier ZF Friedrichshafen has held preliminary talks with potential suitors for its aviation unit as it reviews strategic options for the business, two sources familiar with the matter said.

German wholesaler Metro announced on Apr 23 that it has completed the sale of a majority stake in Metro China to Wumei Technology Group in exchange for net cash proceeds of more than 1.5 billion euros.

The German chip manufacturer Infineon is massively expanding its capacities in Austria.

Known as a reliable, cheap airline, but safe is Pegasus Airlines. After a recent incident in Istanbul where a Pegasus jet slid off the runway, an evacuation after a burning tire was a second incident within one month. This time in Duesseldorf, Germany.

Ares Genetics GmbH, the Viennese subsidiary of the German Curetis Group, has joined forces with the Chinese genomics research company BGI Group to collaborate in making rapid molecular diagnostic testing for the new coronavirus 2019-nCoV available in Europe.

Transmission line holding company Celeo Redes raised USD 375m through a 4(a)(2) registered bond, said three sources briefed on the situation.