Tag #Automotive Supplier

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welt.de

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Aug 6, 16:15

Schaeffler Explores Arms Industry Expansion Amidst Slight Revenue Dip

Schaeffler, a German automotive supplier, is exploring a larger role in the arms industry, focusing on humanoid robotics and defense, while reporting a 4.6 percent revenue decrease to €11.845 billion in the first half of 2025, but with growth in e-mobility.

Schaeffler Explores Arms Industry Expansion Amidst Slight Revenue Dip

Schaeffler, a German automotive supplier, is exploring a larger role in the arms industry, focusing on humanoid robotics and defense, while reporting a 4.6 percent revenue decrease to €11.845 billion in the first half of 2025, but with growth in e-mobility.

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How does Schaeffler's exploration of the arms market relate to its performance in other sectors, such as e-mobility and traditional automotive components?

Schaeffler's interest in the arms industry aligns with its broader strategy of developing new growth areas. Despite a 4.6 percent decrease in revenue to €11.845 billion in the first half of 2025 compared to the previous year, the company highlights its success in the e-mobility sector, which saw a 6.7 percent increase in revenue. This diversification strategy suggests a response to economic challenges within the traditional automotive sector.

sueddeutsche.de

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Nov 11, 16:08

Continental's Q3 Profit Surge Amidst Auto Industry Crisis

Despite industry challenges, Continental reports a significant profit increase in Q3, driven by price hikes and cost cuts. The company plans to spin off its automotive supply division.

Continental's Q3 Profit Surge Amidst Auto Industry Crisis

Despite industry challenges, Continental reports a significant profit increase in Q3, driven by price hikes and cost cuts. The company plans to spin off its automotive supply division.

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What are Continental's plans for its automotive supply division?

Continental plans to spin off its automotive supply division to the stock market. While the process is ongoing, management expresses confidence in meeting the necessary conditions for the spin-off.

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