.mw-parser-output .hidden-begin{box-sizing:border-box;width:100%;padding:5px;border:none;font-size:95%}.mw-parser-output .hidden-title{font-weight:bold;line-height:1.6;text-align:left}.mw-parser-output .hidden-content{text-align:left}@media all and (max-width:500px){.mw-parser-output .hidden-begin{width:auto!important;clear:none!important;float:none!important))You can help expand this article with text translated from the corresponding article in German. (April 2019) Click [show] for important translation instructions. View a machine-translated version of the German article. Machine translation, like DeepL or Google Translate, is a useful starting point for translations, but translators must revise errors as necessary and confirm that the translation is accurate, rather than simply copy-pasting machine-translated text into the English Wikipedia. Consider adding a topic to this template: there are already 9,089 articles in the main category, and specifying|topic= will aid in categorization. Do not translate text that appears unreliable or low-quality. If possible, verify the text with references provided in the foreign-language article. You must provide copyright attribution in the edit summary accompanying your translation by providing an interlanguage link to the source of your translation. A model attribution edit summary is Content in this edit is translated from the existing German Wikipedia article at [[:de:Schaeffler-Gruppe]]; see its history for attribution. You should also add the template ((Translated|de|Schaeffler-Gruppe)) to the talk page. For more guidance, see Wikipedia:Translation.
Schaeffler AG
Company typeAktiengesellschaft
FWB: SHA
IndustryAutomotive, Aerospace, Industrial
FoundersWilhelm Schaeffler
Georg Schaeffler
Headquarters
Herzogenaurach
,
Germany
Area served
Worldwide
Key people
Klaus Rosenfeld, (CEO)
Peter Pleus
Dietmar Heinrich
Matthias Zink
Michael Söding
Andreas Schick
Corinna Schittenhelm
Uwe Wagner
Stefan Schindler
RevenueIncrease €25 billion (2023)[1]
Number of employees
120,000 (2023)[1]
SubsidiariesContinental AG, Vitesco Technologies, Barden Corporation, XTRONIC GmbH, Schaeffler India
Websitewww.schaeffler.com

Schaeffler Technologies AG & Co. KG, also known as Schaeffler Group (Schaeffler-Gruppe in German), is a German manufacturer of rolling element bearings[2] for automotive, aerospace and industrial uses.[3] It was founded in 1946 by brothers Dr. Wilhelm and Dr.-Ing. E. h. Georg Schaeffler.[4]

The firm is currently majority owned by Maria-Elizabeth Schaeffler-Thumann and her son Georg F. W. Schaeffler through a series of holding companies. These holding companies, controlled by the Schaeffler family, also own controlling interests in Continental AG and Vitesco Technologies.[5]

Schaeffler Group owns the brands INA, FAG, and LuK. In Germany, these main brands are marketed by Schaeffler Technologies AG & Co. KG and LuK GmbH & Co. oHG.

Schaeffler has an Indian subsidiary, Schaeffler India, which is publicly listed on the National Stock Exchange of India and the Bombay Stock Exchange.[6]

History

World War II

During the 2008 merger, the company revealed that in World War II it had exploited thousands of slave labourers in its plants in German-occupied Poland. Around this time the director of the museum now standing at the site of the Auschwitz concentration camp claimed that after the war 1.95 long tons (1,980 kg) of human hair had been found at Schaeffler factories, and had been used in upholstery in its automotive products. The historian at Schaeffler denied this particular allegation.[15]

Schaeffler family ownership

In August 2008, the Schaeffler family agreed to a staggered €12 billion acquisition of larger rival Continental AG, whereby the family would defer taking a majority stake until at least 2012.[16] However, in 2011 the family sold off €1.8 billion worth of shares, reducing its stake from 75.1% to 60.3%.[17] Currently, the family owns 46% of Continental shares. The family also owns 49.94% of Vitesco Technologies.[5]

See also

References

  1. ^ a b "Schaeffler AG and Vitesco Technologies Group AG Sign Business Combination Agreement" (Press release). Herzogenaurach: Schaeffler Group. 27 November 2023.
  2. ^ "FAG Bearing on Rolls Bearing Limited". Retrieved 28 February 2017.
  3. ^ "Welcome to the Schaeffler Group". www.schaeffler.com. Retrieved 27 September 2023.
  4. ^ "Schaeffler Group – Strategy – Overview". Schaeffler Group. 31 January 2017.
  5. ^ a b "Schaeffler Annual Report 2021". Earnings releases. Schaeffler AG. Retrieved 18 February 2023.
  6. ^ "Schaeffler India Ltd". Business Standard India. Retrieved 26 June 2022.
  7. ^ "Bearing Dictionary – History". BearingsOn.
  8. ^ "With pioneering spirit towards the future". Schaeffler Group. 30 June 2016.
  9. ^ "The ball grinding machine from Friedrich Fischer was patented 125 years ago". www.schaeffler.com. Archived from the original on 17 February 2017. Retrieved 16 March 2017.
  10. ^ "Official Journal of Herzogenaurach" (PDF) (in German). Archived from the original (PDF) on 6 March 2009. Retrieved 22 February 2009.
  11. ^ "Schaeffler KG: Geißinger Takes on Chairmanship of World Bearing Association". Thomas Publishing Company. 26 October 2009.
  12. ^ "Schaeffler Annual Report 2016" (PDF). Schaeffler Group. 8 March 2017.
  13. ^ "1180bhp Schaeffler 4ePerformance uses Formula E tech to out-accelerate 488 Pista | Autocar". www.autocar.co.uk. Retrieved 5 November 2018.
  14. ^ Mike Santora (9 August 2018), "Drive by Wire Technology Acquired by Schaeffler for Autonomous Vehicles", The Robot Report
  15. ^ Hall, Allan (3 March 2009). "German car company 'used hair from Jews murdered at Auschwitz'". The Telegraph. Retrieved 14 May 2017.
  16. ^ Mason, Rowena (21 August 2008). "Schaeffler family buys out tyre giant Continental for €12bn". The Daily Telegraph. Retrieved 25 August 2008.[dead link]
  17. ^ Rahn, Cornelius (28 March 2011). "Schaeffler Sells 1.8 Billion Euros in Continental AG Shares".
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