Alfonso Sancha Garcia, Director of Group Procurement Powertrain at Volkswagen AG (2nd from left), personally presented Schaeffler with the FAST member award to Michael Vetter, Global Key Account Manager Volkswagen at Schaeffler, Matthias Zink, CEO Automotive of Schaeffler AG, and Prof. Peter Gutzmer, Deputy CEO and Chief Technology Officer of Schaeffler AG (front left).
Schaeffler has announced that it has joined Volkswagen’s Future Automotive Supply Tracks program, one of 60 partners chosen from a pool of 4,000 suppliers.
The objective of the FAST program, according to Volkswagen, is to prioritize investments and make efficient use of resources in closer co-operation with suppliers as the automotive industry goes through changes, such as ensuring energy-efficient and environmentally-friendly mobility. The group, says Schaeffler, creates a framework to ensure certain requirements are met.
As Volkswagen looks to utilize hybridization and electric mobility, the company will draw from its partners in the program to ensure innovations are met quickly and effectively.
During the selection process, criteria such as strategic relevance, performance, and innovative strength play an important role, Schaeffler said.
“We are proud to be part of this select circle,” says Matthias Zink, CEO Automotive of Schaeffler AG. “This is confirmation for Schaeffler that it is optimally positioned in terms of the automotive future and increasingly complex drive architectures.”