Latest news with #Steyr
Agriland
15-05-2025
- Automotive
- Agriland
Steyr boosts loader capability on mid-range tractors
Steyr tractors are available in Ireland on an unofficial basis, though there is sometimes gossip that its parent, Case New Holland (CNH), will reintroduce the brand. Until such rumours materialise, Steyr is getting on with developing its tractors for its known markets and has just announced some upgrades to the range. As part of CNH, Steyr keeps its range up-to-date and competitive with its sibling brands The Steyr Plus tractors were introduced last year with a CVT transmission known as S-Control II alongside a 40kph 24F/24R transmission with two-speed powershift. Power-shuttle for loader work The largest 100, 110, and 117hp models the 4100, 4110, and 4120, are now also offered with an electro-hydraulic power-shuttle 12F/12R transmission. This transmission is designed to meet the specific needs of front loader users. It provides 12 speeds in both forward and reverse (12F/12R), with electronic shuttle activation for swift, smooth direction changes, according to Steyr. Auto-guidance will become an option later in the year Tractors specified with the 12F/12R power-shuttle will have mechanical draft control from late 2025, helping to keep it budget-friendly. There will also be an option of auto-guidance for ease of field operation and matching parallel passes. Extra range and height Features common to all Plus tractors – regardless of transmission type – include LED work lights, a larger 130L fuel tank and 75mm more ground clearance, thanks to a 420/85 R38 maximum rear tyre option providing 480mm total clearance. New front PTO features a wet clutch for greater reliability A brake-to-clutch feature allows the drive to be disengaged using only the brake pedals, particularly useful for front loader work, while gross vehicle weight is up 7.7% to 7.0t, enabling heavier loads to be handled. The hydraulic pump has been enlarged and now provides 82L/min of oil flow for demanding hydraulically powered implements, and there is a new front power take-off (PTO) pack that features a wet clutch for reduced maintenance. New loader from Steyr To go with the updated 4100-4120 Plus power shuttle models, Steyr has also introduced a new front loader. The S635 front loader matches the dimensions, features, and capabilities of the revamped tractor range and has a maximum lift height/weight of 3.8m/2,098kg. It can be factory-fitted, or tractors can be ordered loader-ready with subframe and hydraulic kit for loader fitment by the dealer. The S635 design includes an attachment pivot point that has been moved further towards the tractor to improve the balance of the tractor/loader combination, improving stability during work.
Reuters
14-05-2025
- Automotive
- Reuters
Renk, Steyr set to step up production as Europe's arms spending fills order books
May 14 (Reuters) - Growing military spending in Europe drove double-digit sales growth for Rheinmetall suppliers Renk ( opens new tab and Steyr Motors ( opens new tab in the first quarter and filled out their order books for coming quarters. Their bloated order pipelines are similar to many defence sector peers that have been reporting solid results while flagging rising backlogs, as European governments scramble to increase defence budgets after decades of under-investment. Renk's and Steyr's piles of orders stand between four and five times their expected revenue this year, according to an LSEG poll of analysts. Renk CEO Alexander Sagel told Reuters that the German gearbox maker can digest the order backlog by changing the shift model at its main plant in Augsburg, rebuilding assembly lines to allow more flexibility and adjusting production at its European factories. "We do not need to build any new plant anywhere in the world, at least for the European market," Sagel said. LBBW analyst Stefan Maichl told Reuters that Renk's order backlog supported its growth ambitions and made planning for the future more secure. Renk, which makes gearboxes for Leopard 2 tanks and transmissions for Bradley fighting vehicles, reported a 14% rise in its quarterly revenue. Its smaller Austrian peer Steyr, which supplies engines to BAE Systems (BAES.L), opens new tab and the U.S. Navy Seals, saw its revenue grow by 26%. "We are in the ramp-up phase in order to work off the high order backlog. At the same time, we are continuing to see dynamic demand," Steyr CEO Julian Cassutti said in an earnings statement. Both companies confirmed their forecasts for the full year. Their Frankfurt-listed shares have more than tripled in value this year, as Western nations buy supplies to help Ukraine fight Russia's invasion and strengthen their own capabilities amid fears of waning protection from the United States. ($1 = 0.8918 euros)
Business Mayor
02-05-2025
- Automotive
- Business Mayor
Boost for UK farmers after 'significant' change to which tractors are allowed on roads
UK farmers are set to produce their own fuel to power vehicles as hydrogen-powered tractors, which have 'performance advantages' over battery electric machinery, are now allowed on the country's roads. The change, which manufacturers say is a boost to British growers, was made on Tuesday by the Minister for the Future of Roads, Lilian Greenwood, and gives the green light to the use of hydrogen-fuelled agricultural and engineering plant vehicles, works trucks, or Category T tractors. It comes after new regulations allowing the vehicles were set out in a consultation by the previous Conservative government in 2024. Experts say that the statutory instrument will have 'significant ramifications' for agriculture as it works to replace diesel. Manufacturers continue to create new models, such as the hydrogen-fuelled Steyr prototype tractor. In 2021, JCB became one of the first agricultural engine makers to run its conventional power plants on compressed hydrogen successfully. The company told the Express that, even though it does not yet make a farm tractor fuelled by hydrogen, using a 'pioneering hydrogen combustion engine technology', there is no reason why the firm could not develop one in the future. The National Farming Union (NFU) suggested that, despite advantages presented by the technology, the transition away from fossil fuels will likely involve other ways of powering equipment. The union's Deputy President, David Exwood, said: 'The NFU believes that for hydrogen to be employed safely, it must pose no greater risk than other agricultural machinery fuels currently available in terms of its use, storage and distribution. 'The technical performance advantages of hydrogen over battery electric machinery could enable hydrogen fuel conversions for large tractors and combine harvesters, as well as engine options on new agricultural machinery, although this is likely to be one solution alongside battery electric power, biomethane and synthetic or HVO diesel.' Read More Will AI revolutionise or ruin video games? - National Herald JCB has emphasised that batteries are 'not practical for equipment with high power demands, and for machines that work in remote locations, such as backhoe loaders and large excavators'. It adds that batteries would 'weigh too much, cost too much and there would not be enough time to charge them, even if on-site charging infrastructure was in place'. Estonian manufacturer of electrolyser stacks and systems for green hydrogen production, Stargate Hydrogen, states that hydrogen fuel cells 'have fewer moving parts than internal combustion engines, leading to lower maintenance requirements and longer operational lifespans for machinery'. The firm adds: 'This can translate into cost savings and less downtime for essential farm equipment.' Similarly, Pennsylvania State University in the US says that hydrogen fuel cells 'efficiently convert fuel to electricity', which can 'translate to more power for farm equipment, improving their overall performance and productivity'. Experts add: 'Higher energy efficiency means that hydrogen-powered vehicles can cover more ground on a single tank, reducing downtime for refuelling.' In addition, specialists say that hydrogen can be stored for longer periods than regular fuel, providing a reliable energy source even in remote locations. But JCB has said that a hydrogen engine is a 'like-for-like replacement for a diesel engine in a machine, delivering similar efficiency levels'. The firm added: 'What's appealing to farmers is that, unlike diesel, they can potentially produce their own hydrogen fuel on the farm using solar, wind, or gas from an anaerobic digester.' JCB also highlighted that the legislation now permits the driving of hydrogen powered loadall telescopic handlers on roads, which are used equally in construction for lifting and loading bricks on building projects, and on UK farms for materials handling. Jobs include lifting farm produce and loading it into/onto trailers, grabbing hay to feed animals in fields or in yard pens. The manufacturer said: 'This hydrogen-powered JCB machine exists today as an advanced prototype with a hydrogen combustion engine under the bonnet. 'Yesterday's amendment to the road regulations means this agricultural vehicle can now be driven on UK roads, between farmyard and fields, and between fields. 'This is great news and bodes well for the future of hydrogen, as a zero CO2 fuel of the future in farming to replace diesel.' READ SOURCE
26-03-2025
- Automotive
Defense Contractor Sold for €1 Is One of Europe's Hottest Stocks
(Bloomberg) -- A €1 bet on a struggling Austrian engine maker has turned into one of the hottest investments in Europe thanks to the boom in defense stocks. They Built a Secret Apartment in a Mall. Now the Mall Is Dying. Why Did the Government Declare War on My Adorable Tiny Truck? Trump Slashed International Aid. Geneva Is Feeling the Impact. Chicago Transit Faces 'Doomsday Scenario,' Regional Agency Says How SUVs Are Making Traffic Worse German private equity firm Mutares SE paid the token price for Steyr Motors AG back in 2022 and is now reaping the gains — both through the 1,600% surge in Steyr's shares and in its own stock price, which doubled in just six months. The moves are a testament to the momentum behind military stocks. The US under President Donald Trump is pulling back on its security commitment to Europe, prompting nations to ramp up spending on weapons. With US stocks struggling and Europe the hot market of the moment, everyone from day traders to hedge fund managers has been snapping up anything with a military angle to it. 'The defense story has massively blown up and the major institutional and thematic funds need to align with it — there is simply not enough paper,' said Jayadev Mishra, a portfolio manager at Bank J Safra Sarasin. Steyr, which makes engines for tanks and boats, listed on the Frankfurt Stock Exchange in October after a private placement at €14 a share — just in time for the early 2025 investor frenzy for anything defense-related. At their peak last week, Steyr shares closed at €240, up 1,614% from the placement price five months earlier. Mutares, which still owns 71% of Steyr, soared right along with it, more than doubling from its low in September, when the investment firm was fending off a critical report by short seller Gotham City Research. Both stocks have now come back to earth a bit. Mutares said last week it wants to sell some of its Steyr shares, sending the engine maker's stock plunging to €62. Steyr is still up 343% from the private placement price, while Mutares is 65% above its 2023 low. Mutares bought Steyr from French defense contractor Thales SA, which in turn had purchased the company out of administration three years earlier. The Munich-based buyout firm specializes in buying companies that have stumbled and need an overhaul. Mutares put in place what it called 'a very rapid operational turnaround' at Steyr before listing the company in October. One of the reasons Steyr shares soared so much is that the company is small, with a market value of €322 million ($347 million), and the supply of stock is limited given the size of the Mutares stake. On average, about €64,000 of shares changed hands each in day in Steyr's first three months as a listed company. Selling more shares will improve liquidity for the stock, Mutares said. The German firm said it intends to remain a major shareholder. Steyr's diesel engines are used in boats operated by the US Navy Seals and as auxiliary power in Leopard 2 tanks. The company is benefiting from the defense buildup — Steyr forecast that sales will surge at least 40% in 2025, with a profit margin of at least 20%. 'We do not see a direct impact from the share price development, apart from the immense media attention,' Steyr Chief Executive Officer Julian Cassutti said in an emailed statement. 'The trajectory was somewhat surreal, but ultimately a product of the market.' Investor interest in the company has increased because of its strong operational performance and Germany's decision to increase defense spending, he said. Steyr is the subject of a lively discussion on Reddit message boards about how long the rally can last. 'Until my hairdresser tells me about it, then it'll be time to sell,' said one user. 'The minute my dad told me about it, it started to dip,' said another. --With assistance from Paul Jarvis. Business Schools Are Back Google Is Searching for an Answer to ChatGPT The Richest Americans Kept the Economy Booming. What Happens When They Stop Spending? A New 'China Shock' Is Destroying Jobs Around the World How TD Became America's Most Convenient Bank for Money Launderers ©2025 Bloomberg L.P. Sign in to access your portfolio
Bloomberg
26-03-2025
- Automotive
- Bloomberg
Defense Contractor Sold for €1 Is One of Europe's Hottest Stocks
A €1 bet on a struggling Austrian engine maker has turned into one of the hottest investments in Europe thanks to the boom in defense stocks. German private equity firm Mutares SE paid the token price for Steyr Motors AG back in 2022 and is now reaping the gains — both through the 1,600% surge in Steyr's shares and in its own stock price, which doubled in just six months.
