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US News Supplier Schaeffler makes good business

12:15  12 may  2021
12:15  12 may  2021 Source:   pressfrom.com

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The Schaeffler Group is a leading global supplier to the automotive and industrial sectors. The Schaeffler portfolio includes high-precision components and systems for engine, transmission, and chassis applications as well as rolling and plain bearing solutions for a large number of industrial applications.

The Schaeffler Group is a leading global supplier to the automotive and industrial sectors. With best regards Klaus Rosenfeld Chief Executive Officer Schaeffler AG. Why we exist: our purpose. This was made possible by our unique strength, which is based on a combination of innovation The Schaeffler Group is a publicly listed family business , a company built on the strong values of its

of the Franconian automotive and industrial suppliers Schaeffler has raised its forecast for 2021 after a first quarter promising, especially in China business.

Der Automobil- und Industriezulieferer hat seine Umsatzprognose für 2021 nach oben korrigiert. © Daniel Karmann / DPA The automotive and industrial supplier has corrected its sales forecast for 2021 upwards.

There is now a revenue growth of ten percent and not only seven percent expected, said board leader Klaus Rosenfeld on Wednesday in Herzogenaurach. "We believe that the recovery, which has already begun in the fourth quarter, continued to be versed over the year," said Rosenfeld of the German Press Agency.

In the first quarter, a net profit of 235 million euros was under the dash. In the same period of the previous year, the Corona crisis had torn a deep hole in the Schaeffler-Kassen and causes a loss of 186 million euros. Sales rose in the same period of 3.28 billion euros to 3.56 billion euros - driven by the business in Asia and America, in stagnant revenues in Europe.

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Schaeffler Technologies AG & Co. KG, also known as Schaeffler Group ( Schaeffler -Gruppe in German), is a German manufacturer of rolling element bearings for automotive

Schaeffler strengthens Chassis Systems business division for a sustainable and successful future. Viktor Molnar will drive the expansion of chassis mechatronics. Two prominent volume-production nominations acquired for intelligent mechatronic rear axle steering system. In keeping with the claim 'We pioneer motion', the automotive and industrial supplier is continuing its transformation and, in addition to the electrification of the powertrain, is also ramping up activities in the field of chassis systems. The advancing automation of driving functions is placing greater demands on new chassis

The more optimistic outlook is mainly due to expectation that more cars are being built worldwide. "The Schaeffler Group currently expects an increase in global production of cars and light commercial vehicles by around ten percent to 82 million vehicles produced," said Rosenfeld.

In China, the demand for electromobility has increased - there was a 32.5 percent sales jump. "We continue to see significant progress in e-mobility, especially order intake," said Rosenfeld. A brake pad is currently the global lack of chips. "The problem is difficult for us. We need to watch exactly how much production is temporary, "said the company boss.

The positive development of recent months will not change the information about the dismantling plans, which Schaeffler announced last year. At that time, the company had proclaimed 4400 of his then over 90,000 jobs worldwide - almost exclusively in Germany. The program also includes the closure, relocation and the sale of individual locations, said Rosenfeld. "We are in the last trains to conclude our talks with the employee representatives." The conversations lasting for nine months are fair and constructive.

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