AbstractToday, in high speed applications the rotors are commonly supported by hydrodynamic journal bearings. One typical configuration of journal bearings incorporated in automotive turbochargers is the floating ring bearing. Rotors supported by floating ring bearings have many advantages, regarding costs and power consumption for example. However, they might become unstable with increasing speed of rotation. At the onset of instability both the perfectly balanced and unbalanced rotor undergo self‐excited vibrations which could cause the mechanical breakdown of the system. The “oil whip”‐phenomenon, very well known from the investigations of the plain journal bearing occurs here in a different form. At the stability limit the rotor begins either oscillating with about the half of the ring speed or the half of the ring speed plus the half of the journal speed depending on the system parameters.For this reason a rotor‐floating ring bearing model is presented showing the mentioned characteristics. By applying the nonlinear equations of motion the limit cycles of the system are determined and its loss of stability is investigated. (© 2008 WILEY‐VCH Verlag GmbH & Co. KGaA, Weinheim)