#SCHAEFFLER

Business

PSA Seeks €508 Million from Suppliers Who Fixed Prices

Groupe PSA is demanding five suppliers pay it €508 million in restitution after they admitted rigging prices for years on bearings sold to the company.
#europe #PSAPeugeotCitroen #legal

Electronics

Innovation for Comfortable Rides

As the pursuit of greater fuel efficiency, whether it’s for achieving miles-per-gallon increases or carbon dioxide emissions decreases, continues with seeming increased vigor, it seems as though “energy on demand” is something of a mantra, whether this means providing energy to throttle response or simply to provide what’s needed to actuate something only when needed.
#Schaeffler #supplier #Carbon

Economics

Schaeffler Posts Higher Revenue, Pretax Earnings

Schaeffler AG increased revenue 9% to €13.2 billion ($14.6 billion), led by 11% growth in the German high-tech bearing supplier’s automotive operations.
#europe #Schaeffler

Hybrid

Schaeffler to Launch New Hybrid Module in 2017

Schaeffler AG says it will begin volume production of its new P2 high-voltage hybrid module next year for four unnamed carmakers.
#europe #Schaeffler

Hybrid

Jaguar to Race in Formula E Series

Jaguar Land Rover Ltd. says it will compete in the Formula E electric race car series when the third season starts next September.
#Tata #Audi #PSAPeugeotCitroen

Economics

Schaeffler Posts 7% Sales Gain in Third Quarter

Schaeffler AG reports third-quarter revenue of €3.3 billion ($3.5 billion) compared with €3 billion in the same period last year.
#Continental #Schaeffler #europe

Intelligent Transportation

Continental: Engineering the Future

You can let the future happen, or you can help shape it. When it comes to automotive technology, the people at Continental are pursuing the latter course in a massive way.
#Toyota #Schaeffler #engineer

PACE Award Nominees Announced

Automotive News has announced the list of finalists for the 2016 PACE Awards (Premier Automotive Suppliers' Contribution to Excellence). The group includes 28 technologies from 21 different suppliers in seven countries.
#Dana #Faurecia #Magna

Economics

Schaeffler Cuts IPO by 55%

Schaeffler AG, which announced plans less than three weeks ago to sell 166 million non-voting shares in an initial public offering later this year, now intends to offer only 75 million shares.
#Continental #Schaeffler #Volkswagen

Economics

Schaeffler Plans Stock Offering to Cut Debt

Family-owned bearings maker Schaeffler Group says it plans an initial public offering on the Frankfurt Stock Exchange later this year to sell as many as 166 million existing and new shares to reduce debt.
#Continental #Schaeffler #europe

Economics

Schaeffler’s Auto Unit Hikes Earnings 3%

Strong sales to the auto industry helped Germany bearing supplier Schaeffler Group hike revenue 12% to €6.7 billion or 4.9% when corrected for currency fluctuations in the first half of 2015.
#europe #Schaeffler

Economics

Schaeffler Aims to Cut Debt by €1 Billion in 4 Years

Schaeffler AG tells reporters in Frankfurt it will use free cash flow to reduce its debt by about €250 million per year between now and the end of 2018.
#Continental #Schaeffler #europe

Economics

Schaeffler Operating Profit Surges 36%

Schaeffler Group's earnings before interest and taxes climbed to €428 million in the third quarter of 2013 from €314 million in the same period last year.
#Schaeffler

Economics

Schaeffler Operating Profit Surges 36%

Schaeffler Group's earnings before interest and taxes climbed to €428 million in the third quarter of 2013 from €314 million in the same period last year.
#Schaeffler #europe

Sales

Schaeffler Earnings Rise on Record Sales

Bearings supplier Schaeffler Group says its January-June earnings before interest and taxes climbed 9% to €787 million on record revenue of €6 billion, up 7% from the first half of 2013.
#Schaeffler #europe

Bosch Touts Electrically Conductive Grease Project

Most lubricants are electrical insulators.
#Schaeffler #Carbon #Bosch

Schaeffler Names Rosenfeld Permanent CEO

Schaeffler AG has dropped plans to name Klaus Deller, currently head of brake system supplier Knorr-Bremse AG, as its permanent CEO.
#Schaeffler #people #europe

Business

EU Fines Six Bearing Suppliers for Price Fixing

The EU has levied a combined €953 million against five auto suppliers for conspiring to rig prices on bearings sold to automotive customers between 2004 and 2011, Bloomberg News reports.
#Schaeffler #europe

Schaeffler Picks Deller to Become CEO

Schaeffler AG has chosen Klaus Deller, currently head of commercial vehicle braking systems at Knorr-Bremse AG, to become its CEO on July 1.
#Continental #Schaeffler #europe