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setup>Guillermo Alonso Martínez Espinoza at 20:57, 23 March 2021

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{{Short description|Company}}
{{Redirect|Schaeffler|the surname|Schaeffler (surname)}}
{{expand language|topic=|langcode=de|otherarticle=Schaeffler-Gruppe|date=April 2019}}
{{Infobox company
| name = Schaeffler AG
| logo = Schaeffler logo.svg
| caption =
| type = [[Aktiengesellschaft]]
| traded_as = {{FWB|SHA}}
| industry = [[Automotive industry|Automotive]], [[Aerospace manufacturer|Aerospace]], Industrial
| founders = Dr. Wilhelm Schaeffler Dr.-Ing. E. h. Georg Schaeffler
| location_city = [[Herzogenaurach]]
| location_country = 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
| revenue = {{nowrap|{{increase}} €13.3 billion (2016)<ref name="Annual_Report_2016">{{cite web |url=http://www.schaeffler.com/remotemedien/media/_shared_media_rwd/08_investor_relations/reports/2016_ar/2016_schaeffler_annual_report_en.pdf|title=Schaeffler Annual Report 2016|date=8 March 2017 |publisher=Schaeffler Group}}</ref>}}
{{nowrap|{{increase}} €13.2 billion (2015)<ref name="Overview">{{cite web |url=http://www.schaeffler.com/content.schaeffler.com/en/strategy/overview/overview.jsp|title=Schaeffler Group - Strategy - Overview|date=31 January 2017 |publisher=Schaeffler Group}}</ref>}}
{{nowrap|{{increase}} €14.2 billion (2018)<ref name="Annual_Report_2018">{{cite web |url=https://www.schaeffler.com/remotemedien/media/_shared_media_rwd/08_investor_relations/reports/2018_ar/2018_schaeffler_annual_report_en.pdf|title=Schaeffler Annual Report 2018|date=5 June 2019 |publisher=Schaeffler Group}}</ref>}}
| num_employees = 83,297 (2020) <ref> https://finance.yahoo.com/quote/SHA.DE/profile?p=SHA.DE </ref>
| subsid = [[Continental AG]], [[Barden Corporation]], XTRONIC GmbH, FAG
| homepage = {{URL|www.schaeffler.com}}
}}

'''Schaeffler Technologies AG & Co. KG''', also known as Schaeffler Group (''Schaeffler-Gruppe'' in [[German language|German]]), is a German manufacturer of rolling element [[Bearing (mechanical)|bearings]]<ref>{{cite web|title=Fag Bearing on Rolls Bearing Limited|url=https://www.rollsbearing.com/fag-bearing.html|access-date=28 February 2017}}</ref> for [[automotive]], [[aerospace]] and industrial uses.<ref>[http://www.schaefflergroup.com Schaeffler Group]</ref> It was founded in 1946 by brothers Dr. Wilhelm and Dr.-Ing. E. h. Georg Schaeffler.<ref name="Overview" />

In August 2008 the firm agreed to a staggered €12 billion [[mergers and acquisitions|acquisition]] of larger rival [[Continental AG]], whereby Schaeffler would defer taking a majority stake until at least 2012.<ref>{{cite news| url= https://www.telegraph.co.uk/money/main.jhtml?xml=/money/2008/08/22/cnball122.xml | title=Schaeffler family buys out tyre giant Continental for €12bn|last=Mason|first=Rowena|date=21 August 2008|work=[[The Daily Telegraph]]|access-date=25 August 2008}}</ref> However, in 2011 Schaeffler sold off €1.8 billion worth of shares of Continental, reducing its stake from 75.1% to 60.3%.<ref>{{cite news| url= https://www.bloomberg.com/news/2011-03-27/schaeffler-to-sell-1-8-billion-euros-in-continental-ag-shares.html | title=Schaeffler Sells 1.8 Billion Euros in Continental AG Shares|last=Rahn|first=Cornelius|date=28 March 2011}}</ref> Currently, the company owns 46% of Continental shares.<ref>{{cite web|title=Continental Corporation -Shareholder Breakdown, Notification of Voting Rights|url=http://www.conti-online.com/generator/www/com/en/continental/portal/themes/ir/share/share_structure_en.html|publisher=Continental AG|access-date=7 July 2015}}</ref> Schaeffler Group also owns the brands INA, FAG and LuK.

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

==History==
*1883: [[Friedrich Fischer]] of [[Schweinfurt]] designs a machine to allow steel balls to be ground to an absolutely round state for the first time – and in large volumes.<ref>{{Cite web
|title=Bearing Dictionary - History
|url=http://bearingson.com/Contents/bearing_dictionary.asp
|publisher=BearingsOn
}}</ref><ref>{{Cite web
|title=With pioneering spirit towards the future
|url=http://www.schaeffler.com/content.schaeffler.com/en/company/history_1/history.jsp
|publisher=Schaeffler Group
|date=30 June 2016
}}</ref>
*1905: On 29 July, the FAG brand is registered with the patent office in Berlin. The registered trademark FAG is an acronym for "Fischer's Automatische Gussstahlkugelfabrik," or "Fischer's Automatic Steel Ball Factory."<ref>{{Cite web|url=http://www.schaeffler.com/content.schaeffler.com/en/news_media/press_office/press_releases/press_releases_detail.jsp?id=71513956|title=The ball grinding machine from Friedrich Fischer was patented 125 years ago|website=www.schaeffler.com|language=EN|access-date=2017-03-16|url-status=dead|archive-url=https://web.archive.org/web/20170217143615/http://www.schaeffler.com/content.schaeffler.com/en/news_media/press_office/press_releases/press_releases_detail.jsp?id=71513956|archive-date=2017-02-17}}</ref>
*1939: Acquisition of Davistan AG, a Jewish founded textiles company.<ref>{{Cite web|url=http://www.herzogenaurach.de/Buerger/Online_Archiv/Amtsblatt_Archiv/2008/Amtsblatt_13_int-2008.pdf|title=Official Journal of Herzogenaurach|language=DE|access-date=2009-02-22|url-status=dead|archive-url=https://web.archive.org/web/20090306054039/http://www.herzogenaurach.de/Buerger/Online_Archiv/Amtsblatt_Archiv/2008/Amtsblatt_13_int-2008.pdf|archive-date=2009-03-06}}</ref>
*1946: Brothers Wilhelm and Georg Schaeffler, both holders of Ph.D. degrees, found INA in Herzogenaurach.
*1949: The needle roller cage, developed by Georg Schaeffler, makes the needle roller bearing a reliable component for industrial applications.
*1965: LuK Lamellen und Kupplungsbau GmbH is founded in Bühl (with INA as one of the investors).
*1999: INA takes over [[LuK GmbH]]
*2002: Acquisition of FAG Kugelfischer AG, Schweinfurt.
*2003: INA, FAG and LuK form the Schaeffler Group.
*2008: Schaeffler Group buys the much larger [[Continental AG]] (Germany).
*2009: President and CEO of the Schaeffler Group, Dr. [[Jürgen M. Geissinger]], was elected president of the [[World Bearing Association]].<ref>{{Cite web
|title=Schaeffler KG: Geißinger Takes on Chairmanship of World Bearing Association
|url=http://news.thomasnet.com/companystory/schaeffler-ceo-takes-the-reins-at-world-bearing-association-830347 |publisher=Thomas Publishing Company
|date=26 October 2009
}}</ref>
*2011: Schaeffler Group becomes Schaeffler AG and Schaeffler Technologies AG & Co. KG
*2013: On 4 October, an employee letter said "... Mr. Klaus Rosenfeld will take over as acting CEO in addition to his current responsibilities as Chief Financial Officer".
*2013: The third generation of Schaeffler's electric axle, presented in Schaeffler's ACTIVeDRIVE, becomes a promising pilot production product.
*2014: Schaeffler opens its first Russian plant in [[Ulyanovsk]], from which it supplies high-quality products to both domestic and overseas automobile manufacturers as well as to the railway industry.
*2015: Schaeffler successfully completes its initial public offering on October 9, 2015 under the motto "We share our success".
*2016: The strategy "Mobility for tomorrow" is adopted. U.S. and China plants are expanded and a new facility is opened in [[Chonburi (city)|Chonburi]], [[Thailand]] along with a new office in [[Moscow, Russia]].<ref name="Annual_Report_2016" />
*2018: Schaeffler fitted four electric motors from the ABT Schaeffler FE01 Formula E car to an Audi A3 for testing only.<ref>{{cite web |title=1180bhp Schaeffler 4ePerformance uses Formula E tech to out-accelerate 488 Pista {{!}} Autocar |url=https://www.autocar.co.uk/car-news/new-cars/1180bhp-schaeffler-4eperformance-uses-formula-e-tech-out-accelerate-488-pista |website=www.autocar.co.uk |access-date=5 November 2018 |language=en}}</ref>

==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 [[Polish areas annexed by Nazi Germany|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 {{convert|1.95|LT|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.<ref name="nazis">{{cite news |url=https://www.telegraph.co.uk/news/worldnews/europe/germany/4930165/German-car-company-used-hair-from-Jews-murdered-at-Auschwitz.html |title=German car company 'used hair from Jews murdered at Auschwitz' |last=Hall |first=Allan |date=3 March 2009 |newspaper=[[The Daily Telegraph|The Telegraph]] |access-date=14 May 2017}}</ref>

== See also ==

* [[Georg F. W. Schaeffler]]

==References==
{{Reflist}}

{{Automotive industry in Germany}}
{{SDAX companies}}
{{Authority control}}

[[Category:Industrial machine manufacturers]]
[[Category:Manufacturing companies of Germany]]
[[Category:Companies based in Herzogenaurach]]
[[Category:Manufacturing companies　established in 1883]]
[[Category:Bearing manufacturers]]
[[Category:Companies involved in the Holocaust]]
[[Category:Companies listed on the Frankfurt Stock Exchange]]
[[Category:2015 initial public offerings]]
[[Category:German brands]]
[[Category:German companies established in 1883]]

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Schaeffler Group - Revision history

Admin: 1 revision imported: Mitul Imported from Wikipedia

setup>Guillermo Alonso Martínez Espinoza at 20:57, 23 March 2021