Schaeffler Group

Schaeffler Group seeks growth in electrified powertrains

10:39 am U.S. ET | Jan. 11, 2016

German supplier Schaeffler Group expects significant growth in its electric and hybrid powertrains business, CEO Klaus Rosenfeld said Monday at the Detroit auto show. He cited specific projects under development for automakers....
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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....
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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....
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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....
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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....
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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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