Dan Cable’s Post

Tomorrow marks a significant milestone as Vitesco Technologies officially merges with Schaeffler. Together, we are combining the strengths of two leading Tier 1 automotive suppliers to drive the future of mobility. Change is not always easy, but sometimes it is necessary to create something even better—for our industry, for our customers, and society. As we turn the page and start this exciting new chapter with Schaeffler, our combined expertise, resources, and passion will enable us to pioneer motion. Together, we are more equipped than ever to revolutionize how the world moves—driven by purpose, powered by collaboration, and focused on sustainable progress. As I sign off from Vitesco Technologies and sign into Schaeffler, I look forward to the limitless possibilities this new chapter brings. Together, we will drive the future of mobility! #FutureOfMobility #AutomotiveInnovation #Electrification #Sustainability #NewBeginnings #WePioneerMotion #StrongerTogether #WeAreSchaeffler

MAHLE reversed its business trend and is back on route for success. Despite difficult global conditions and rising costs, the company closed the 2023 financial year with record sales of €12.8 billion and is back in the black. All business units and world regions contributed to the growth in sales. Operating profit (EBIT) increased and the group result is positive at €26 million. “2023 was an important year for MAHLE,” said MAHLE CEO Arnd Franz, at the company’s annual press conference on Tuesday. “We have a strong market position in our core products and, thanks to our innovations in e-mobility, growing acquisition successes in this sector as well. We are on the upswing. Even though we have another highly volatile year ahead of us. We are heading in the right direction.” The realignment of the technology group, as part of the strategy MAHLE 2030+, is paying of, Franz added. The strategy focuses on three strategy fields: Electrification, thermal management, and sustainable combustion engines. Find the full press release here: https://lnkd.in/d85RZ-Z7 #MAHLE #AnnualPressConference #RecordSales #BackInTheBlack #Transformation #Innovation #WeShapeFutureMobility

Digital transformation is a key enabler of growth and innovation in the aftermarket industry. Check out the latest edition of Schaeffler’s video series #MeetTheBoard - today with Jens Schüler, CEO Automotive Aftermarket, where he gives insights, what Digitalization means to him. #AutomotiveAftermarket

Our commitment to driving innovation extends beyond our products, to our entire ecosystem at Schaeffler. There has always been transformation along the way – but the speed, amount, and magnitude of change coming our way make the transformation needs nowadays so exciting but also challenging. One main driver for transformation, specifically in our aftermarket business, is digitalization in all aspects. Our CEO Automotive Aftermarket, Jens Willem Schueler, plays a crucial role in our digitalization efforts. In today’s #MeetTheBoard, he shares his task to guide and lead the team into the digital age. He is committed to providing new and revolutionizing technologies to customers worldwide. His vision for the future identifies digital transformation as a key enabler of growth and innovation in the aftermarket industry, which brings us even closer to our customers. His purpose is to make a difference to people, the environment, or the challenges that he is confronted with.     Learn more about our digitalization journey and get to know our Digital Ambassadors here: https://lnkd.in/dgDZxHjf    Get to know our whole management board: https://lnkd.in/d8i-qsRR     #UnlockingOurDigitalPotential #SchaefflerDigital #DigitalTransformation 

Schaeffler off to a good start in 2024: Revenue for the first three months was 4,085 million euros and thus remained approximately flat with prior year at constant currency. The Schaeffler Group generated 322 million euros in EBIT before special items in the first three months, representing an EBIT margin before special items of 7.9 percent. Including special items, EBIT amounted to 415 million euros, which represents an increase of 70.3 percent compared to the prior year. Klaus Rosenfeld, CEO of Schaeffler AG: “The Schaeffler Group is off to a good start in 2024 despite the challenging environment. Our broad positioning remains a guarantee of success. The earnings of the Automotive Technologies and Vehicle Lifetime Solutions divisions successfully compensated for the market-related decline in the industrial business. We are confirming our full-year guidance unchanged.” Read more in the press release: https://bit.ly/3WvA6rP #SchaefflerResults #Wepioneermotion #strongertogether

🚀✨ Today marks a monumental milestone as we proudly finalize the merger of Schaeffler and Vitesco Technologies   We are now stronger together, jointly establishing Schaeffler as the leading motion technology company! 🌐🏅 Wherever there is motion, there is Schaeffler – a pioneer in motion technology for over 75 years.   Today, we take a significant step forward as we warmly welcome all our new DigIT colleagues to the Schaeffler family! 🌟   Together, we are not only stronger, but also more innovative and agile driven by our passion for Digitalization! 🌟   It feels fantastic to start this next chapter with our new team members, ready to shape the future of Schaeffler and drive innovation to new heights. Let's aim to become the digital frontrunner in the industry.   Here's to new beginnings, warm welcomes, breaking barriers, and the boundless possibilities that lie ahead. 🤗 Let's unlock our digital potential – at an even greater scale – together! 🙌💡   #Schaeffler #TheMotionTechnologyCompany #UnlockingOurDigitalPotential #Innovation #Future #Teamwork #Welcome #NewBeginnings #Collaboration #BoundlessPossibilities

The future of motion technology will also be shaped by Digitalization - be it through powerful digital tools for our engineers, embedded software as part of our smart products or intelligent evaluation of the data collected during using them Schaeffler is shaping the future of mobility and thanks to Digitalization we can unlock further potential - love it 💚

Revenue of 4.1 billion euros at constant-currency and EBIT margin before special items of 7.9 percent at prior-year level.

🚀 Exciting times ahead: Strategy Meeting with Nexus for 2024-2026 This week, we held an exciting strategy meeting with NEXUS Automotive International SA, laying the groundwork for our ambitious plans from 2024 to 2026. In a rapidly transforming and digitalizing market, Schaeffler Automotive Aftermarket is at the forefront, driving the change and setting new standards in innovation and efficiency. Our commitment to embracing digitalization and leading the transformation journey is stronger than ever. With these strategic discussions, we are not only preparing for the future but also ensuring that we continue to set the pace shape and shape the industry landscape. Stay tuned for more updates as we continue to innovate and transform the future together. #AutomotiveAftermarket #digitalization