Schaeffler AG receives Investment Bank Analyst Rating Update
By Tristan Chabba (Reuters) -German automotive supplier Schaeffler plans to cut 1,300 jobs, or 1.6% of its global workforce, as the sector grapples with the shift from combustion...
By Geoffrey Smith Investing.com -- Schaeffler (ETR:SHA_p) stock surged over 9% in early trade in Frankfurt on Tuesday to its highest in over four months, after the German...
Schaeffler AG is a Germany-based company primarily engaged in the manufacture of automotive parts. Its activities are divided into two business segments: Automotive and Industrial. The Automotive segment comprises four subdivisions: Engine Systems, such as rolling bearing solutions, products for belt and chain drives, as well as valve train components; Transmission Systems, torsion and vibration dampers, clutches and double clutch systems, torque converters, bearing solutions and gearshift components; Chassis Systems, such as wheel bearings, steering components and power-assisted steering systems; and Automotive Aftermarket, offering repair service, among others. The Industrial segment is managed based on regions: Europe, Americas, Greater China and Asia/Pacific. The Company is also active in the field of digitalization of production.
|Average||6.66 (-0.53% Downside)|
|No. of Analysts||17|