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Book Cover
E-book
Author Scheller, Max, author

Title Schaeffler Continental : the far-ranging adventures of Klaus Rosenfeld / Max Scheller
Published London : SAGE Publications: SAGE Business Cases Originals, 2021

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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