Log in
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Dynamic quotes 
  1. Homepage
  2. Equities
  3. Germany
  4. Xetra
  5. Schaeffler AG
  6. News
  7. Summary
    SHA   DE000SHA0159


SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

Space Drive: Steer-by-wire revolutionizes DTM

06/18/2021 | 04:49am EDT

2021-06-18 | Herzogenaurach/Monza

  • Audi, BMW, Mercedes-AMG: Steer-by-wire technology Space Drive installed in three DTM race cars
  • Matthias Zink: 'Using the technology under extreme conditions proves its maturity and brings the development a crucial step closer to large-scale production.'
  • Steering without a steering column: Space Drive is a key technology for autonomous driving

The DTM 2021 season opener will be in Monza, Italy. Leading automotive and industrial supplier Schaeffler is the official 'Series and Innovation Partner' to the racing series and will bring the steer-by-wire technology Space Drive to the starting grid in three DTM cars from different German car makers: in the Audi R8 LMS GT3 driven by Schaeffler brand ambassador Sophia Flörsch, in Gary Paffett's Mercedes-AMG and in Timo Glock's BMW M6 GT3. In Space Drive technology there is no mechanical steering column and the steering commands are transmitted purely digitally via cable. 'As a series partner to the DTM, Schaeffler is demonstrating innovative strength and pioneering spirit,' says Matthias Zink, CEO Automotive Technologies at Schaeffler. 'Using the technology under extreme conditions proves its maturity and brings the development a step closer to large-scale production. Space Drive is a thoroughly tried and tested key technology for autonomous driving with more than a billion kilometers driven on public roads.' Roland Arnold, CEO of Schaeffler Paravan Technologie GmbH & Co. KG, says: 'Motorsport has always been seen as a development accelerator. In this environment, the Space Drive system is subjected to extreme stresses, making it an ideal test environment for generating important functionalities for the ongoing development of Space Drive 3 for large-scale production.'

Preferred technology partner for chassis systems

Autonomous driving is an important component of Schaeffler's Roadmap 2025. In its 'Vision Chassis 2035', the company has developed a basic scenario for the level of automation of cars and light commercial vehicles. Accordingly, Schaeffler predicts that by 2035, around 30 percent of all new cars and light commercial vehicles produced worldwide will be at least partially automated, while half of them will offer the capability for highly automated driving. 'The increasing automation of driving functions on the road to autonomous vehicles also imposes more rigorous requirements on chassis applications in respect of reliability and safety,' says Viktor Molnar, President Chassis Systems business division at Schaeffler. 'We are continuing to ramp up our activities at component and system level and are well on track to becoming a preferred technology partner for intelligent drive and chassis solutions.'

Two partnerships for the first time

As well as the use of Space Drive, Schaeffler is celebrating another premiere. This season, the automotive and industrial supplier will be partnering with two teams for the first time: Marco Wittmann will be driving for Walkenhorst Motorsport and Sophia Flörsch for Abt Sportsline. At the same time, Schaeffler is also actively promoting technological developments for the future of the DTM and is in the process of developing the electric drive system for its electrification, which is set to become a reality in 2023 with the DTM Electric, where Space Drive technology will also be used. The DTM's program of supporting events for 2021 will include appearances by the highly innovative DTM Electric demonstrator car.

You can find a press photo of Matthias Zink here:


Schaeffler AG published this content on 18 June 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 18 June 2021 08:48:00 UTC.

© Publicnow 2021
All news about SCHAEFFLER AG
11:59aSCHAEFFLER : CFO Dr. Klaus Patzak is leaving Schaeffler AG
11:48aPRESS RELEASE : Schaeffler AG: CFO Dr. Klaus Patzak is leaving Schaeffler AG
11:48aSCHAEFFLER AG : CFO Dr. Klaus Patzak is leaving Schaeffler AG
11:39aJurgen M. Geissinger Joins Wealth Minerals Advisory Board
04:09aSCHAEFFLER : joins ARENA 2036 innovation network
03:19aSCHAEFFLER : strengthens its service business in the Industrial division
07/29SCHAEFFLER : focuses on future-proof technologies, innovative repair solutions a..
07/26SCHAEFFLER : Incremental angle measuring system added to portfolio of rotary axi..
07/25MARKET CHATTER : ABB In Talks to Sell Dodge Unit to RBC Bearings for $3 Billion
07/21SCHAEFFLER INDIA : Swings to Profit in Q2
More news
Sales 2021 13 997 M 16 603 M 16 603 M
Net income 2021 669 M 793 M 793 M
Net Debt 2021 2 137 M 2 535 M 2 535 M
P/E ratio 2021 7,41x
Yield 2021 5,90%
Capitalization 4 918 M 5 847 M 5 834 M
EV / Sales 2021 0,50x
EV / Sales 2022 0,45x
Nbr of Employees -
Free-Float 18,7%
Duration : Period :
Schaeffler AG Technical Analysis Chart | SHA | DE000SHA0159 | MarketScreener
Technical analysis trends SCHAEFFLER AG
Short TermMid-TermLong Term
Income Statement Evolution
Mean consensus HOLD
Number of Analysts 15
Last Close Price 7,39 €
Average target price 8,35 €
Spread / Average Target 13,1%
EPS Revisions
Managers and Directors
Klaus Rosenfeld Chief Executive Officer
Klaus Patzak Chief Financial Officer
Georg F. W. Schaeffler Chairman-Supervisory Board
Uwe Wagner Chief Technology Officer
Andreas Schick Chief Operating Officer
Sector and Competitors
1st jan.Capi. (M$)
APTIV PLC28.67%45 343
CONTINENTAL AG-5.48%27 557
WEICHAI POWER CO., LTD.9.25%22 648