DIRS.INFO top alerts submit data jurnalism about API
login
Top related persons:
Schaeffler - 3 Vitesco - 2 Dado Ruvic - 1 Roland Busch - 1 John Revill - 1 Friederike Heine Our - 1 Ozan Ergenay - 1 Christina Amann - 1
Top related locs:
Vitesco Bengaluru
Top related orgs:
Thomson - 3 Schaeffler AG - 2 Schaeffler - 2 REUTERS - 1 Rights - 1 Siemens - 1 Microsoft - 1 Tuesday - 1

Search resuls for: "Schaeffler AG"


3 mentions found


☆ Siemens and Microsoft to work together on AI project
  + stars: | 2023-10-31 | by ( ) www.reuters.com   time to read: +2 min
REUTERS/Dado Ruvic/Illustration//File Photo Acquire Licensing RightsZURICH, Oct 31 (Reuters) - Siemens (SIEGn.DE) and Microsoft (MSFT.O) on Tuesday announced a joint project to use artificial intelligence to increase productivity and human-machine collaboration. The Siemens Industrial Copilot scheme will see the two companies work together to use generative AI for the manufacturing, transportation and healthcare industries. German automotive supplier Schaeffler AG (SHA_p.DE) is among the companies to have adopted the Siemens Industrial Copilot, Siemens said. The project will create AI copilots to assist staff at customer companies as they design new products, and organise production and maintenance. It intends to use the Siemens Industrial Copilot to reduce production downtimes at its plants.
Persons: Dado Ruvic, Schaeffler, Roland Busch, John Revill, Friederike Heine Our Organizations: REUTERS, Rights, Siemens, Microsoft, Tuesday, Schaeffler AG, Copilot, Thomson
☆ Vitesco shares soar on 3.64 bln euro Schaeffler deal
  + stars: | 2023-10-09 | by ( Ozan Ergenay | ) www.reuters.com   time to read: +1 min
BERLIN, Oct 9 (Reuters) - Vitesco (VTSCn.DE) shares rose 19.8% on Monday morning on news that its largest shareholder Schaeffler AG (SHA_p.DE) will launch a tender offer valuing the powertrain supplier at 3.64 billion euros ($3.83 billion). EV components maker Schaeffler AG, controlled by Germany's billionaire Schaeffler family, already holds 49.9% of Vitesco, which has seen its shares rise 39% this year. Schaeffler shares were down 6.6% at 0713 GMT. Schaeffler said it would offer remaining shareholders 91 euros ($95.83) per share, a fifth above last week's closing price. Listed preference shares are to be converted into ordinary shares, and the remaining shareholders will be on an equal footing with the family holding ordinary shares.
Persons: Schaeffler, Vitesco, Ozan Ergenay, Christina Amann, Victoria Waldersee, Friederike Heine, Kim Coghill, Louise Heavens Organizations: Schaeffler AG, EV, Schaeffler, Thomson
☆ Billionaire Schaeffler family mulls Vitesco buyout, Bloomberg reports
  + stars: | 2023-10-08 | by ( ) www.reuters.com   time to read: 1 min
Oct 8 (Reuters) - Germany's billionaire Schaeffler family is considering a buyout of Vitesco Technologies Group (VTSCn.DE) to boost their presence in the electric vehicle supply chain, Bloomberg News reported on Sunday. Schaeffler family holding companies already own about 49.9% of Vitesco, Bloomberg said. Vitesco has a market value of about 3 billion euros ($3.2 billion), the report added. Schaeffler and Vitesco did not immediately respond to Reuters request for comment. ($1 = 0.9472 euros)Reporting by Lavanya Ahire in Bengaluru; Editing by Lisa ShumakerOur Standards: The Thomson Reuters Trust Principles.
Persons: Schaeffler, Vitesco, Lavanya, Lisa Shumaker Organizations: Vitesco Technologies, Bloomberg, Schaeffler, Thomson Locations: Vitesco, Bengaluru
0 next >>
Total: 3