Schaeffler Group

Schaeffler's 2014 profit rises by more than half

March 26, 2015 13:09 CET

German part supplier Schaeffler said its operating profit jumped by more than 50 percent to 1.52 billion euros ($1.67 billion) in 2014 because of robust demand for cars in U.S. and China. Its operating margin climbed to 12.6 percent in 2014 from 9.0 percent in 2013....
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Daimler, Schaeffler hit by German strikes

Jan. 29, 2015 11:21 CET

Daimler and parts supplier Schaeffler were among the companies affected when thousands of engineering workers on the night shift across Germany walked out over a wage dispute early on Thursday. Further warning stoppages are expected today and in the coming weeks....
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Schaeffler shifts 34% Continental stake off balance sheet

Jan. 21, 2015 10:58 CET

Schaeffler says a 34 percent stake in rival Continental has been shifted off the books in a move toward a possible stock market listing. Schaeffler borrowed heavily to buy Continental in 2008 in a deal that unraveled during the financial crisis....
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Schaeffler posts 36% jump in Q3 profit on car demand rebound in Europe

Nov. 20, 2014 15:12 CET

Schaeffler said profit rose 36 percent in the third quarter because of recovering car demand in Europe and growth in China. The supplier has lowered debt to 5.77 billion euros from more than 10 billion euros when its bid for Continental backfired....
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Schaeffler targets 12%-13% margin over long term

Nov. 18, 2014 12:30 CET

Schaeffler says it aims to keep its operating margin in the region of 12 percent to 13 percent over the long term as it expects the economic environment in its key markets to remain positive....
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Schaeffler loan restructuring opposed by bondholder

Oct. 15, 2014 11:57 CET

Schaeffler's proposed changes to terms governing $7.9 billion of high-yield bonds, including a new 1.8 billion euro ($2.3 billion) loan, are being opposed by Schroders Plc., which manages some of the supplier's debt....
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Schaeffler first-half earnings rise 9% on China demand

Aug. 27, 2014 11:37 CET

Schaeffler expects sales growth in excess of 7 percent this year after first-half earnings rose 9 percent and profit margins improved because of demand in China....
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Hybrid technology helps fuel transmission transformation

2:00 pm U.S. ET | Aug. 5, 2014

Transmission manufacturers such as ZF Friedrichshafen AG are adapting their transmissions for use in plug-in hybrid vehicles by replacing the torque converter with an electric motor....
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Schaeffler names Rosenfeld to top job as CEO designate is dropped

June 4, 2014 15:26 CET

German supplier Schaeffler has decided not to give the top job to CEO designate Klaus Deller, and has instead given the role to interim CEO Klaus Rosenfeld....
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Schaeffler Group raises 2014 sales forecast after strong Q1 earnings

May 21, 2014 11:15 CET

Schaeffler has upped its sales forecast for the year after reporting strong growth at its automotive division and an overall rise of 17 percent in first-quarter earnings before interest and tax....
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AUTOMOTIVE NEWS EUROPE E-MAGAZINE

JLR taps Schaeffler's fuel-saving system, sources say

May 19, 2014 06:01 CET

Jaguar Land Rover will become the second customer after Fiat Chrysler for Schaeffler's fuel-saving UniAir electrohydraulic variable valve lift system, sources told Automotive News Europe....
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Schaeffler refinances 3.5 billion euros of debt

May 7, 2014 06:01 CET

German supplier Schaeffler has refinanced about 3.5 billion euros ($4.9 billion) worth of debt, including new bond issues of about 2 billion euros, as borrowing costs approach record lows in Europe....
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Check out the ANE monthly e-magazine

May 5, 2014 06:01 CET

The latest issue of the Automotive News Europe monthly e-magazine is ready for you to view. This edition examines a potential reboot of car design and features interviews with leading styling bosses such as VW Group's Walter de Silva and Mercedes' Gorden Wagener....
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