(IN BRIEF) Schaeffler AG has signed an agreement to sell its Chinese turbocharger business, operating under Vitesco Automotive Shanghai Co., Ltd., to Chengdu Xiling Power Science & Technology Incorporated Company. The move is part of Schaeffler’s broader portfolio streamlining initiative … Read the full press release
Posted in Business, Electronics & Machinery, Germany, Industrial, Investment, Management, News, Technology
Tagged acquisition, automotive industry, business restructuring, Chengdu Xiling Power Science & Technology, CHINA, divestment, Klaus Rosenfeld, mobility strategy, portfolio streamlining, regulatory approval, Schaeffler Advances Strategic Realignment with Sale of Chinese Turbocharger Operations, Schaeffler AG, Schaeffler Capital Markets Day, Schaeffler Transfers Declining Turbocharger Unit in China to Chengdu Xiling Power, turbocharger business, Vitesco acquisition, Vitesco Automotive Shanghai, Vitesco Technologies, Xiling
(IN BRIEF) Schaeffler will present its expanded portfolio at IAA MOBILITY 2025 in Munich, focusing on electrified powertrains, chassis systems, and software-defined vehicles. Highlights include the EMR4 electric axle drive, modular hybrid solutions, advanced thermal management, and steer-by-wire technologies featuring … Read the full press release
Posted in Automotive, Business, Financial, Germany, Industrial, Investment, Management, Marketing, Media, News, Technology, Transportation & Logistics
Tagged e-mobility, electric axle drive, EMR4, Hand Wheel Actuator, Hybrid Transmission, IAA MOBILITY 2025, Klaus Rosenfeld, Master Control Units, Matthias Zink, Schaeffler, software-defined vehicles, Steer-by-Wire, Thermal Management, Thomas Stierle, Vitesco Technologies, Zone Controllers
(IN BRIEF) Schaeffler AG announces leadership changes, with Heiko Eber appointed Head of Investor Relations (IR) and Renata Casaro tasked with leading the newly established Global Risk & Macroeconomic Analysis unit, effective June 1, 2024. Eber, previously managing IR at … Read the full press release
(IN BRIEF) At Hannover Messe 2024, Siemens unveils an array of cutting-edge technologies aimed at fostering sustainable transformation in the industrial sector. Among the highlights are the integration of Siemens Industrial Copilot into various industries, showcased in collaboration with partners … Read the full press release
Posted in Artificial Intelligence (AI), Business, Environment, Financial, Germany, Industrial, Investment, Management, Media, News, Technology
Tagged Cedrik Neike, Hannover Messe 2024, Industrial Transformation, innovations, Klaus Rosenfeld, Matthias Rebellius, NVIDIA, Olaf Scholz, partnership, Rev Lebaredian, Roland Busch, Schaeffler, Siemens, sustainability
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