Schaeffler Group

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 »

 

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.... Read More »

 

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.... Read More »

 

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.... Read More »

 

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.... Read More »

 

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.... Read More »

 

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.... Read More »

 

Schaeffler agrees refinancing deal worth 3.8 billion euros

July 17, 2013 13:51 CET
Schaeffler, majority owner of Continental, says a new refinancing deal worth 3.8 billion euros ($5.1 billion) offers significantly improved conditions over a 2009 credit financing that it replaces.... Read More »

 

Q&A: PETER GUTZMER, SCHAEFFLER AG

Schaeffler exec: Suppliers will play bigger role in engines

12:01 am U.S. ET | June 17, 2013
Suppliers' responsibilities in vehicle development are growing. Peter Gutz-mer, chief technology officer at Schaeffler AG, aims to develop valuable products in a wider range of functions. Gutzmer, 59, spoke with Automobilwoche Staff Reporter Klaus-Dieter Floerecke. Automobilwoche is a sibling publication of Automotive News. The interview was conducted in German and translated into English.... Read More »

 

AUTOMOTIVE NEWS EUROPE E-MAGAZINE

Schaeffler tech chief sees suppliers playing even greater role in future engines

June 7, 2013 06:01 CET
Suppliers' responsibilities in vehicle development are growing. Schaeffler Chief Technology Officer Peter Gutzmer aims to expand the company's value creation across a wider range of functions. He spoke with Klaus-Dieter Floerecke, a reporter with Automotive News Europe sister publication Automobilwoche.... Read More »

 

Schaeffler confirms 2013 outlook, net debt

May 21, 2013 11:14 CET
German supplier Schaeffler has confirmed its annual forecast for revenue growth of about four percent and an operating profit margin of approximately 13 percent, despite a drop in first-quarter revenue of 3.6 percent to 2.8 billion euros ($3.6 billion).... Read More »

 

Continental kept in the dark over Schaeffler's decision to end investment agreement

May 15, 2013 14:35 CET
Continental said it was kept in the dark about the decision of Schaeffler to quit a five-year-old investment accord. Analysts suspect the accord's scrapping may be a prelude to Schaeffler restructuring Continental or reducing its stake.... Read More »

 

Schaeffler to end Continental accord as merger project wanes

May 13, 2013 21:46 CET
Schaeffler, the largest investor in tire and components supplier Continental, plans to end an agreement between the two German companies as it continues to dismantle a plan for a gradual merger.... Read More »

 

Schaeffler to end Continental accord as merger project wanes

3:46 pm U.S. ET | May 13, 2013
Schaeffler, the largest investor in tire and components supplier Continental, plans to end an agreement between the two German companies as it continues to dismantle a plan for a gradual merger.... Read More »

 

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