#SCHAEFFLER

Business

Europe Probes Bosch for Price Fixing

Robert Bosch GmbH says it is being investigated by the European Commission for possible conspiracy to fix prices on car parts.
#Schaeffler #Hyundai #europe

Schaeffler Replaces CEO Geissinger

Bearings maker Schaeffler Group has replaced CEO Juergen Geissinger on an interim basis with its chief financial officer, Klaus Rosenfeld, who also will continue as CFO.
#Continental #Schaeffler #europe

Business

Schaeffler Board Discusses Succession Plan

Schaeffler AG's owners are close to a decision about the company's next leader, according to Manager Magazin.
#Continental #Schaeffler #europe

Production

Schaeffler to Cut Nearly 600 Jobs in Germany

Precision bearings maker Schaeffler AG will shed 575 jobs at its parts factory in Schweinfurt, Germany, over the next two to three years as it shifts production of wheel bearings from the facility to eastern Europe.
#Schaeffler #facilities #europe

Economics

Schaeffler Profit Dips 1% on European Industrial Slowdown

Schaeffler Group posted net income of €233 million in the first quarter of this year compared with €235 million a year earlier.
#Schaeffler #europe

Business

Schaeffler to End Investment Pact with Continental

Precision bearings maker Schaeffler AG, which owns 49.9% of Hanover, Germany-based Continental AG, says it will terminate their investment agreement in May 2014.
#Continental #Schaeffler #europe

Business

Schaeffler Might Go Public Next Year

Germany's Schaeffler AG is exploring the possibility of holding an initial public offering next year, Bloomberg News reports.
#Continental #Schaeffler #europe

Business

Schaeffler to Sell €1 Billion in Bonds to Cut Debt Costs

Schaeffler AG plans to raise about €1 billion in a bond sale to pay off some of the remaining debt from its takeover of Continental AG in 2008.
#Continental #Schaeffler #europe

Hybrid

UPDATE: Protean Opens Electric Wheel-Hub Drive Facility in China

Protean Electric Inc. is ramping up capacity in Liyang, China, this year to build as many as 100,000 of its in-hub electric drive units annually.
#asia #Schaeffler #ProteanElectric

Schaeffler, Ford Report Advances in Wheel-Hub Drive System

Researchers in Europe say their second-generation electric wheel-hub drive system is simpler and more powerful than the first-generation technology they unveiled in 2010.
#Schaeffler #europe #Ford

Labor

Schaeffler to Shed As Many As 750 Jobs in Germany

Precision bearings maker Schaeffler AG plans to dismiss as many as half the 1,500 workers at its factory in Wuppertal, Germany, according to the IG Metall union.
#Schaeffler #europe

Design

Schaeffler to Acquire Engineering Services Firm

Schaeffler AG will boost its stake in German engineering services provider IFT Ingenieurgesellschaft Triebwerkstechnik mbH to 100% from 49% by mid-year.
#Schaeffler #europe

Economics

Schaeffler Profit Slips 2%

Germany precision bearings maker Schaeffler AG netted €872 million last year compared with €889 million in 2011, despite a 4% revenue gain to €11.1 billion.
#Continental #Schaeffler #europe

Production

U.K. Center to Guide New Ideas into Production

Startup companies can prove their technologies are ready for low-volume production at the new Proving Factory, which opened on Monday in Rotherham, England, The Engineer reports.
#Tata #facilities #Land Rover

Neumann Will Run Opel and GM Europe

Karl-Thomas Neumann, a former senior executive at Volkswagen AG, will take over as CEO of General Motors Co.'s Opel subsidiary on March 1.
#people #Opel #GeneralMotors

Schaeffler to Build First Plant in Russia

Germany's Schaeffler Group has won approval to erect a 2 billion-ruble (€49 million) factory in the eastern city of Ulyanovsk, Russia.
#Schaeffler #europe

Argonne Lab Director to Head SAE

SAE International members have elected Donald Hillebrand to a one-year term as the organization's president and chairman.
#Infineon #Schaeffler #americas

SAE Taps Schaeffler Exec As Automotive Chief

Jeff Hemphill, chief technical officer for the Schaeffler Group North America, has been elected vice president of automotive for SAE International.
#americas #Schaeffler #Chrysler

Schaeffler Exec Named SAE Automotive Chief

Jeff Hemphill, chief technical officer for the Schaeffler Group North America, has been elected vice president of automotive for SAE International.
#americas #Schaeffler #Chrysler

Schaeffler Names Former GM Exec to Head India Unit

Schaeffler Group has appointed Dharmesh Arora as president and CEO of its operations in India.
#Suzuki #Schaeffler #GeneralMotors