Schaeffler expands with new US manufacturing facility
February 27, 2024
Motion technology company Schaeffler is planning to expand its US operations with the addition of a new manufacturing facility focused on automotive electric mobility solutions. An investment of over USD 230 million is set to create 650 jobs in Ohio by 2032.
Schaeffler makes an offer for Vitesco Technologies
October 09, 2023
Schaeffler has decided to launch a public tender offer for all outstanding shares in Vitesco Technologies to create a leading "Motion Technology Company" with four focused divisions, in a deal that values the powertrain supplier at EUR 3.64 billion.
Schaeffler's software technology centre opens in India
December 08, 2022
Schaeffler inaugurated a new centre of competence in software and electronics development in Pune, India. The group invests EUR 10 million in its new location.
1,300 Schaeffler jobs on the chopping block
November 10, 2022
The Board of Managing Directors of Schaeffler AG has decided on additional restructuring measures aimed primarily at boosting the competitiveness of its Automotive Technologies division.
Schaeffler opens new e-mobility plant
September 22, 2021
Automotive and industrial supplier Schaeffler has opened a new production facility at its Szombathely location in the west of Hungary and creates 150 new jobs in e-mobility.
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Schaeffler expands its operations in Hungary
November 29, 2019
Schaeffler Savaria will broaden its portfolio in Szombathely, Hungary by building a development centre for the manufacturing and developing electric drive systems and components for EVs.
Schaeffler acquires XTRONIC GmbH
May 09, 2019
Schaeffler AG, acting via its subsidiary Schaeffler Technologies AG & Co. KG, has signed a purchase agreement for the acquisition of XTRONIC GmbH.
Schaeffler launches efficiency program – layoffs awaits
March 06, 2019
During its annual press conference, German Schaeffler AG announced its program RACE, which is designed to sustainably increase the Automotive OEM division’s efficiency and optimise its portfolio.
Schaeffler to reorganise UK business – closes two sites
November 07, 2018
Automotive and industrial supplier Schaeffler is reorganising its UK business activities. The company says that it will retain a “meaningful presence” in the UK but will reduce its overall footprint and relocate some of its UK production.
New PCB plant manager at BATM Systems
March 23, 2018
SCL PCB Solutions Group has appointed Nicolae Mihoc as its new Plant Manager at the BATM Systems SRL production facility in Craiova, Romania.
Schaeffler opens Silicon Valley office
March 16, 2018
Global automotive and industrial supplier, Schaeffler, is opening a new Silicon Valley location. Philip George, director, region innovation for Schaeffer, will lead the new office.
Schaeffler establishes a new manufacturing location in China
September 09, 2016
Schaeffler expands its production capacities in China. To do this, the company invests in a new manufacturing location in Xiangtan, in the Chinese province of Hunan.
Schaeffler investing nearly 84 million euros in the USA
May 13, 2016
The Schaeffler Group is increasing its capacity at two US locations by building new manufacturing halls and administration buildings.
Harting appoints new senior vice president operations
November 04, 2015
Andreas Conrad assumed the position of Senior Vice President Operations at the Harting Technology Group on November 1, 2015. He succeeds Torsten Ratzmann.
Continental in conversation with Schaeffler-Group about possible investment
July 15, 2008
Continental AG confirms that one brief conversation about a possible engagement by Schaeffler-Group in Continental AG took place at the end of last week. No further conversations took place
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