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Vitesco says new Schaeffler offer for EV merger 'inadequate'
Reuters via Yahoo Singapore Finance· 8 months agoGermany's billionaire Schaeffler family holds all voting rights and 75% of shares in its namesake...
Germany's Schaeffler misses expectations for 2023 core profit
Reuters via Yahoo Singapore Finance· 4 months ago(Reuters) -German automotive and industrial supplier Schaeffler AG reported 2023 full-year adjusted core profit (EBIT) of 1.19 billion euros ($1.29 billion) on Tuesday, weighed down by weak ...
German automotive supplier Schaeffler to buy Ewellix for $594 million
Reuters via Yahoo Singapore Finance· 2 years agoFRANKFURT (Reuters) - German automotive supplier Schaeffler has agreed to buy Sweden's Ewellix Group from investment company Triton for about 582 million euros ($594 million), it said on Sunday ...
Billionaire Schaeffler family mulls Vitesco buyout -Bloomberg News
Reuters via Yahoo News Singapore· 9 months ago(Reuters) - Germany's billionaire Schaeffler family is considering a buyout of Vitesco Technologies Group to boost their presence in the electric vehicle supply chain, Bloomberg News reported ...
Schaeffler says higher costs will continue to pressure margins
Reuters via Yahoo Singapore Finance· 1 year ago(Reuters) -German automotive supplier Schaeffler expects higher wage and energy costs to continue squeezing its business margins this year, it said on Tuesday after missing profit margin targets ...
Schaeffler plans to sell Russia business to Austrian businessman
Reuters via Yahoo Singapore Finance· 1 year agoGerman auto supplier Schaeffler plans to sell its Russia business to its supervisory board member, the Austrian businessman Siegfried Wolf, a company spokesperson said on Friday. Schaeffler ...
Schaeffler India posts single-digit profit growth for second straight quarter
Reuters via Yahoo Singapore Finance· 12 months agoBENGALURU (Reuters) - Automotive and industrial components maker Schaeffler India posted a 5.1% rise in profit on Wednesday, its second straight quarter of single-digit growth, as demand for ...
Vitesco shares hit all-time high on $3.8 billion Schaeffler deal
Reuters via Yahoo Singapore Finance· 9 months agoBERLIN (Reuters) -Vitesco shares reached a record high on Monday on news that family-controlled Schaeffler AG will launch a tender offer valuing the German powertrain supplier at 3.64 billion ...
The West is rebuilding its rare earths supply chain—but China still looms large
Quartz via Yahoo News Singapore· 2 years agoBit by bit, Western companies and governments are reassembling their rare earths supply chain,...
SAP's Q1 Earnings and Revenues Rise Y/Y on Cloud Strength
Zacks via Yahoo Singapore Finance· 3 months agoSAP SE SAP delivered first-quarter 2024 non-IFRS earnings per share (EPS) of €0.81, which increased...
