Schaeffler AG is a holding company, which engages in the provision of automotive and industrial sectors. It operates through Automotive, and Industrial segments. the Automotive segment comprises of engine systems, transmission systems, chassis systems, and automotive aftermarkets. The Industrial segment manages regionally based on the regions Europe, Americas, Greater China, and Asia Pacific. The company was founded by Georg Schaeffler and Wilhelm Schaeffler in 1946 and is headquartered in Herzogenaurach, Germany.