Schaeffler Group

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 »

 

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....
Read More »

 

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....
Read More »

 

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....
Read More »

 

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....
Read More »

 

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....
Read More »

 

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....
Read More »

 

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....
Read More »

 

Schaeffler to expand cooperation with Continental

March 21, 2014 12:16 CET
Schaeffler says it will streamline its operations and widen cooperation with fellow German supplier Continental....
Read More »

 

Schaeffler takes 380 million euro provision on EU antitrust fine

March 20, 2014 12:34 CET
German supplier Schaeffler took a 380 million euro ($526 million) provision after being fined in a European Union antitrust probe....
Read More »

 

SKF to Schaeffler fined $1.3 billion in EU ball-bearing case

March 19, 2014 13:36 CET
SKF, the world's largest maker of ball bearings, and Schaeffler were among five companies that agreed to pay a combined 953.3 million euros ($1.3 billion) to settle a European Union probe into an automotive-parts cartel....
Read More »

 

Ernst & Young sued by U.S. over Georg Schaeffler tax probe

Feb. 26, 2014 06:01 CET
Ernst & Young was accused by the United States of failing to comply with an Internal Revenue Service request for documents in an investigation of the tax liability of Georg Schaeffler, chairman of the German supplier of the same name...
Read More »

 

Schaeffler appoints Knorr-Bremse exec Deller as CEO

Feb. 13, 2014 12:31 CET
Schaeffler has appointed auto-parts industry veteran Klaus Deller as its new CEO as the German supplier works to strengthen cooperation with Continental....
Read More »

 

Latest digital edition
Digital Edition Archive
Table of Contents
 Automotive News
Special Report
Canadian dealer buries a Jeep, hires an ambassador and puts on the Ritz

Canadian dealer buries a Jeep, hires an ambassador and puts on the Ritz

At Bay King Chrysler, Dodge, Jeep, Ram in Hamilton, Ontario, dealer Jamie Richter has put luxury-hotel touches in his new showroom. They include concierges who see to the needs of service customers. Mon., December 15
» Watch the Video
     
News by Brand