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
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
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
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
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
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
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
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
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
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
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
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