Description |
1 online resource |
Series |
SAGE business cases |
Summary |
Schaeffler AG (Schaeffler), a global automotive and industrial supplier from Germany, listed on the German stock exchange, has always worked on diversifying their capital structure and increasing liquidity. Especially, since Schaeffler had accumulated liabilities of USD 23 billion as a result of its hostile takeover of Continental AG in 2009. In addition, the automotive industry was suffering from the 2008 financial crisis, compounding Schaeffler's financial difficulties. The debts were overwhelming and almost led to one of the biggest bankruptcies in German history. Then and now, one person emerged as a key player in Schaeffler's refinancing: Klaus Rosenfeld. Klaus previously worked for the board of the biggest single lender to Schaeffler during the hostile takeover of Continental AG and became CEO of Schaeffler in 2014. His capital management strategies over the past decade helped Schaeffler to survive and subsequently expand |
Bibliography |
Includes bibliographical references and index |
Notes |
Description based on XML content |
Subject |
Rosenfeld, Klaus
|
|
Automobile industry and trade -- Germany -- Case studies
|
|
Loan workouts -- Case studies
|
|
Liabilities (Accounting) -- Case studies
|
|
Automobile industry and trade.
|
|
Liabilities (Accounting)
|
|
Loan workouts.
|
|
Germany.
|
Genre/Form |
Case studies.
|
Form |
Electronic book
|
ISBN |
9781529763799 |
|
1529763797 |
|