Schaeffler AG operates as a holding company, which engages in the supply of products and solutions for the automotive and industrial sectors. It operates through the Automotive and Industrial segments. The Automotive segment offers aftermarket parts for passenger cars and utility vehicles, which includes precision components and systems for engines, transmissions, and chassis. The Industrial segment distributes products such as rolling and slide bearings, linear technology, monitoring systems, machine maintenance products, and direct drive technology. The company was founded by Georg Schaeffler and Wilhelm Schaeffler in 1946 and is headquartered in Herzogenaurach, Germany.