#SCHAEFFLER

Schaeffler Names Former GM Exec to Head India Unit

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

Magna to Acquire German Auto Pump Maker

Canada's Magna International Inc. has agreed to buy ixetic Verwaltungs GmbH, a German maker of automotive engine and transmission pumps, for €308 million ($396 million). The companies expect to close the deal in the current quarter, subject to European anti-trust approval.
#americas #Schaeffler #Magna

Magna to Acquire German Auto Pump Maker

Canada's Magna International Inc. has agreed to buy ixetic Verwaltungs GmbH, a German maker of automotive engine and transmission pumps, for €308 million.
#Schaeffler #Magna #europe

Schaeffler to Divest 10% of Continental

Germany's Schaeffler AG plans to sell 10% of its stake in Continental AG to help reduce its debt.
#Continental #Schaeffler #europe

Schaeffler to Sell 10% Stake in Continental

Germany's Schaeffler AG plans to divest 20.8 million shares, or 10.4%, of Continental AG to help reduce its debt.
#Continental #americas #Schaeffler

Economics

Schaeffler: Thermal Module Can Hike Fuel Economy 4%

Replacing an engine's thermostat with Schaeffler Group's powertrain thermal management module can reduce cabin warm-up time as much as 40% and boost fuel economy as much as 4%, according to the company.
#americas #Schaeffler #Audi

Sales

Schaeffler Earnings Tumble 46% Despite Sales Gain

Schaeffler AG reports it netted €236 million in the first quarter of this year compared with €438 million in the same period of 2011.
#europe #Schaeffler

Propulsion

Improving Powertrains— Conventional and Advanced

Schaeffler Group makes products ranging from bearings to differentials. Here’s a look at some of its recent developments.
#Fiat #Schaeffler