Schaeffler Group

Schaeffler pushes ahead with IPO amid VW scandal

Oct. 2, 2015 13:31 CET

Schaeffler Group is sticking to plans for an initial public offering, shrugging off the market turbulence prompted by the Volkswagen Group diesel scandal. VW Group is the part supplier's biggest customer....
Read More »

Schaeffler plans IPO to cut debt, raise up to $3.4 billion

Sept. 21, 2015 10:10 CET

Schaeffler plans an initial public offering to pay down debt. The supplier may raise as much as about 3 billion euros ($3.4 billion) in the IPO, sources said....
Read More »

Schaeffler will cut 500 jobs as first-half earnings drop nearly 2%

Aug. 20, 2015 11:04 CET

Schaeffler plans to cut up to 500 jobs in Europe at its industrial division. Earnings at the unit, which makes ball bearings for cars, airplanes and industrial tools, fell 1.7 percent to 171 million euros ($190 million) in the first six months....
Read More »

Schaeffler Q1 profit buoyed by vehicle demand, weak euro

May 21, 2015 11:41 CET

German supplier Schaeffler reported a 3.8 percent rise in quarterly operating profit because of robust demand from carmakers in the U.S. and China as well as the effects of a weaker euro....
Read More »

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....
Read More »

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....
Read More »

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....
Read More »

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....
Read More »

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....
Read More »

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....
Read More »

Automotive News Cover
Special Video Report
Hillside Honda rewards: Paid vacations, Rolex watches, family atmosphere

Hillside Honda rewards: Paid vacations, Rolex watches, family atmosphere

Thirty is a special number at Hillside Honda in New York City. Sales staffers who sell 30 rides a month get a $1,000 paid vacation and three extra days off.
» Watch the Video
News by Brand