Schaeffler - automotive industry company news 
GERMANY: Schaeffler places US$2bn bonds in capital markets
6 February 2012
Schaeffler says it has successfully placed EUR2bn (US$2.6bn) of bonds in the international capital markets, with the issue oversubscribed by around five times.
GERMANY: Schaeffler refinances with EUR8bn
30 January 2012
Supplier Schaeffler has completed a new credit agreement of EUR8.0bn with eight banks, replacing existing arrangements with four dating from November 2009.
GERMANY: Schaeffler launches thermal management module
1 December 2011
Supplier Schaeffler has launched a new thermal management module which it claims can reduce fuel consumption and CO2 emissions by up to 4%.
UK: Car manufacturing up 7.5% in September
20 October 2011
Date released by the SMMT shows that car manufacturing in the UK rose by 7.5% in September – to 136,051 units - and is up 4.8% over the first nine months of 2011 to 983,247 cars produced.
GERMANY: Schaeffler GmbH transforms formally to AG status
14 October 2011
Schaeffler GmbH's transformation into a stock corporation - Schaeffler AG - announced by the supervisory board in September - became effective with the entry in the Commercial Register on 13 October.
GERMANY: Continental to supply Ford with I3 turbochargers
12 October 2011
Continental will be supplying Ford with innovative turbochargers for the carmaker's new I3 engines.
GERMANY: Schaeffler transforms into stock corporation
26 September 2011
Schaeffler's board says it will transform the company into a stock corporation
GERMANY: Schaeffler Group back in H1 black
31 August 2011
Schaeffler Group said it set new records for sales and operating profits in the first six months of 2011.
SHANGHAI: Suppliers see growth opportunities in China
20 April 2011
It's still boom time in China not only for vehicle makers but western component suppliers as well. TRW of the US believes its sales in the country will more than double in two years, France’s Valeo also aims to double sales over the next five years while Schaeffler of Germany expects its China sales to grow between 30 to 40% this year.
CHINA: Schaeffler Asia hiring 1,500
12 April 2011
Schaeffler Asia is adding 1,500 employees to its workforce in China this year.
GERMANY: Schaeffler Group 'back to profitable growth'
29 March 2011
Schaeffler Group says it has set new records in sales and operating results in 2010.
GERMANY: Schaeffler sells Conti shares to reduce debt
29 March 2011
Schaeffler Group has sold Continental AG shares worth some EUR1.8bn in a bid to reduce debt.
UK: Schaeffler Group reports strong Q3
18 November 2010
Business development at the Schaeffler Group remained on a high level in the third quarter of 2010.
GERMANY: Conti plans EUR500M boost for tyre business
25 October 2010
Continental AG has neglected its tyre business over the past five years but now plans to invest more than EUR500m in the sector, CEO Elmar Degenhart told Germany's Frankfurter Allgemeine Sonntagszeitung newspaper.
BRAZIL: Mobility engineering under discussion
22 October 2010
Two important events fuelled mobility engineering in Brazil this month. The most recent, the SAE Brasil 19th International Congress and Exhibition, focused on the competence of Brazilian engineering for the mobility of the future. There were three days of presentations and debates, 20 panels and 140 technical papers, besides numerous stands, almost a mini motor show.
GERMANY: 'Controversial' Conti board man steps down
7 October 2010
A controversial figure on the Continental supervisory board - lawyer Rolf Koerfer - is stepping down after months of pressure over his role as a top legal adviser to major shareholder Schaeffler. In a joint statement issued with the Schaeffler family, Koerfer said he would discuss with chairman Wolfgang Reitzle exactly when he would leave the board.
RESEARCH ANALYSIS: New suppliers enter turbocharger market
5 October 2010
These days, turbochargers are seen as an integral and essential part of the automotive industry’s portfolio of technologies deployed to reduce vehicle emissions and improve the industry’s environmental performance and credentials. It's a growth sector and that's encouraging new entrants, just one of the findings in new research from just-auto that details developments and trends in the turbocharger market.
GERMANY: Auto firms name integrity, investor relations, chiefs
4 October 2010
Two German auto-related firms - Daimler and Schaeffler - have created new board level or senior management posts to look after corporate integrity and investors.
GERMANY: Conti drags Schaeffler into red
2 September 2010
Schaeffler posted a first half net loss of EUR260m (US$329m) after a one-off charge related to a capital increase at Continental dragged it into the red.
GERMANY: Conti's powertrain unit 'heading for break-even' in 2010
30 July 2010
Continental believes its troubled powertrain division could be profitable this year, one year earlier than originally forecast, finance chief Wolfgang Schaefer said.
GERMANY: Schaeffler plans three more Asia factories
20 July 2010
Bearings and clutch specialist Schaeffler plans investments of around EUR300m (US$389m) by the end of 2012 to build three new factories and expand capacity at its existing 11 plants in Asia.
GERMANY: Schaeffler presents electric mobility ideas
6 May 2010
The Schaeffler Group has developed a car which it says is 'full of ideas' on electric mobility.
UK: Fiat to use Multiair to clean up diesels
10 March 2010
Fiat Group is planning to use its variable hydraulic valve control system on diesel engines to help it meet Euro6 emissions legislation.
GERMANY: Continental wraps up rights issue
12 January 2010
Supplier Continental has wrapped up its EUR1.1bn (US$1.6bn) capital increase that will be used to pay down debt.
GERMANY: Conti-Schaeffler merger put on ice
11 January 2010
German car parts supplier Continental and its owner Schaeffler will not pursue a complete merger for the time being according to German news reports.
GERMANY: Schaeffler develops variable hydraulic valve control with Fiat
11 January 2010
Schaeffler Group has launched its variable hydraulic valve control, which will debut on a Fiat MultiAir engine for the Alfa Romeo MiTo range.
GERMANY: Conti launches rights issue to ease debt
7 January 2010
Continental AG is to raise just over EUR1 bn (USD1.44 bn) in fresh equity from a rights issue in a bid to boost its balance sheet.
GERMANY: Ex-Conti CEO to take on new role at VW
12 November 2009
Karl-Thomas Neumann, ousted as chief executive of Continental, is rejoining Volkswagen as head of a new unit responsible for developing electric mobility.
GERMANY: Conti forecasts Q4 improvement
29 October 2009
Continental has reported a EUR1bn (US$1.48bn) third-quarter net loss, due largely to a massive write-down, although the company forecast a significant year on year improvement for the final three months.
GERMANY: Conti lines up new CFO
12 October 2009
Wolfgang Schaefer, commercial executive at Stuttgart-based automotive supplier Behr, is considered to be the top candidate for the CFO position at German car parts maker Continental AG, according to the Financial Times Deutschland.
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