schaeffler

Schaeffler reports three divisions for the first time and confirms guidance for the year

May 22, 2018 by Jasmine

Global automotive and industrial supplier Schaeffler has announced its quarterly results for the first three months of 2018.

As a result of the organizational realignment initiated last year, this is the first time the company is also reporting on the performance of its three divisions:

automotive original equipment manufacturers (64.2 percent of revenue);
automotive aftermarket (12.5 percent of revenue); and
industrial (23.3 percent of revenue).

Schaeffler and IBM sign Watson IoT partnership

October 4, 2016 by Sam Francis

Schaeffler, one of the world’s leading automotive and industrial suppliers, has signed a multi-year strategic partnership agreement with IBM to accelerate the digital transformation of its entire operations and customer solutions using Watson’s cognitive intelligence and insight from billions of sensors that make up the internet of things (IoT).

Schaeffler manufactures millions of precision-engineered products that help to keep the world’s machines moving – from those that go into automotive clutch systems, to those in hybrid engines and the huge industrial bearings used in wind turbines.

Through the agreement, Schaeffler will tap IBM’s cloud-based Watson IoT technologies to help transform every aspect of its business from product development, through to manufacturing and its supply chain, sales and aftersales service. [Read more…] about Schaeffler and IBM sign Watson IoT partnership