#SCHAEFFLER

Toyota Tops Carmakers in 2018 Patents

Toyota received an automotive industry-best 2,500-plus patents in the U.S. last year, according to Harrity & Harrity LLC.

Car/Ride Sharing

Singapore Teams People and Tech in "Smart Nation" Initiatives

Thanks to strong government support, Singapore has become a leader in the development, testing and implementation of self-driving vehicles, ride-sharing, mobility-as-a-service and a host of smart city initiatives. 

Business

Schaeffler Will Cut 900 Jobs in Europe

German bearings supplier Schaeffler AG says it will shed 900 jobs and may close as many as five small factories after posting a 13% drop in pretax earnings for 2018.

Production

Schaeffler Pedals Up Urban Mobility Vehicle

Germany’s Schaeffler AG plans to begin testing its electric-assist quadracycle this summer and launch limited production for commercial applications next year.

Production

Schaeffler Will Close 2 U.K. Plant Over Brexit Worries

Schaeffler Group says it will close two factories in the U.K. and move their production to facilities in China, Germany, South Korea and the U.S. over the next two years.

Production

Schaeffler Expands Ohio Production Complex for 21st Time

Schaeffler Group is again expanding its powertrain production complex in Wooster, Ohio.

Business

Schaeffler Forms By-Wire Joint Venture

Schaeffler AG and Paravan GmbH have formed a joint venture to develop and commercialize drive-by-wire electric control systems for autonomous vehicles.

Propulsion

Conti Moves Ahead with IPO for Powertrain Unit

Continental AG intends in early July to unveil a new corporate structure and make an initial public offering of a portion of its powertrain division, sources tell Bloomberg News.

Labor

Study: Shift to Electrics Could Cut 75,000 Jobs in Germany

About 75,000 jobs in Germany could vanish if carmakers there follow through with aim to make 25% of their vehicles all-electric by 2030, Reuters reports.

Production

Schaeffler Opens Silicon Valley Tech Center

Schaeffler AG has opened a technical center in San Jose, Calif., to develop next-generation technologies and form partnerships with Silicon Valley startups.

Business

UPDATE: Conti Confirms Possible Restructuring

Continental AG confirms a Bloomberg News report on Monday that it is considering a major restructuring that could include spinning off certain operations as publicly listed companies.

Hybrid

Porsche LMP Suppliers Praised

In 2018 the Porsche 919 Hybrid, which scored three straight victories at the 24 Hours of Le Mans and six world championship titles in the FIA World Endurance Championship, will be going on something of a farewell tour, and will finally end up in the Porsche Museum in the fall.

Hybrid

Audi Goes Electric

The electrification of the powertrain is now standard for Audi. And it is a matter of course in Formula E.

Propulsion

Schaeffler Adds Hybrid System Capabilities to Ohio Plant

Schaeffler AG is investing $60 million to retool its plant in Wooster, Ohio, to make hybrid modules for an unnamed carmaker in the U.S. next year.

Propulsion

Audi Shows Formula E Race Car

This week Audi AG unveiled its e-tron FE04 racecar for the Formula E electric vehicle series.

Propulsion

Race on Sunday, Plug-In on Monday

Formula E, the electric vehicle (EV) offshoot of Formula One racing, completed its third season in dramatic fashion with back-to-back races in Montreal in late July.

Business

Schaeffler Merges Operations in India

Bearings supplier Schaeffler AG is merging its INA, LuK and FAG operations in India in a bid to simplify operations, cut costs and accelerate growth.

Hybrid

Renault Takes Formula E Title Again, Audi Wins Drivers’ Championship

Renault SA’s e.dams racing team defended its title to win the Formula E team championship, making it a three-peat winner in the three-year-old electric vehicle race series.

Propulsion

Schaeffler Forms E-Mobility Unit

Schaeffler AG plans to launch an E-Mobility business division next January that will bring together all of its products for hybrid and electric vehicles.

Business

Schaeffler Trims Outlook on Higher Costs for Materials, Research

Bearings supplier Schaeffler Group has lowered its outlook for 2017, citing rising prices for steel and a surge in the cost of doing prototype work related to electrified powertrains.

Hybrid

Audi, Schaeffler Partner on Formula E Racing Drivetrain

Audi AG and Schaeffler AG have signed an agreement to co-develop the drivetrain for Audi’s Formula E electric race car.

UPDATE: Opel CEO Neumann Resigns, Likely to Head VW’s Audi Unit

Opel CEO Karl-Thomas Neumann has resigned ahead of General Motors Co.’s sale of the company to PSA Group. He is expected to be named CEO of Volkswagen AG’s Audi car unit.

Production

Schaeffler to Double Bearing Output at South Carolina Plant

Schaeffler AG has completed a $36.5 million expansion of its Fort Mill, SC, campus as it continues to increase production of thrust bearings used in automatic transmissions.

Legal

Ford Sued in U.S. Over Dual-Clutch Transmission

Almost 7,000 owners of Ford Fiesta and Focus small cars in the U.S. claim the dual-clutch transmissions in their cars are defective.