Schaeffler Group

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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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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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....
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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....
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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....
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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...
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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....
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Schaeffler reorganizes China management

Nov. 26, 2013 10:53 CET
Schaeffler Group says it will start treating China as a region, separate from the rest of Asia, in its management structure next year to reflect the country's growing importance....
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Schaeffler backs 2013 outlook on 'robust' third-quarter business

Nov. 11, 2013 10:53 CET
German supplier Schaeffler reaffirmed its full-year forecast of growing group revenue between 1 and 2 percent after the supplier said third-quarter sales rose 2 percent....
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Schaeffler replaces CEO Geissinger to overhaul strategy

Oct. 4, 2013 12:08 CET
German supplier Schaeffler says it has replaced Juergen Geissinger as CEO to pave the way for a change in strategy at the company....
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Schaeffler sells 4% of Continental to cut debt

Sept. 17, 2013 10:57 CET
German supplier Schaeffler has sold a 3.9 percent stake in fellow supplier Continental for about 950 million euros to cut debt....
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Schaeffler won't extend contract of CEO Geissinger, report says

Sept. 13, 2013 15:34 CET
German supplier Schaeffler will not extend the contract of CEO Juergen Geissinger when it expires in 2014, a magazine reported....
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Germany's Schaeffler cuts revenue target on weak industrial demand

Aug. 29, 2013 13:14 CET
German supplier Schaeffler lowered its full-year revenue target to 1 percent to 2 percent from 4 percent after first-half growth stalled amid a sharp drop in demand at its industrial division....
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