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Schaeffler Cuts Sales Outlook Over Lower Market Expectations

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Schaeffler shares dropped sharply after the auto supplier slashed its sales expectations for the medium term amid a darkening backdrop for the industry.

The German company, supplier to major automakers like BMW, Volkswagen and Ford, now expects sales for 2028 of between 24 billion and 26 billion euros ($27.7 billion-$29.98 billion), down from previous guidance of 27 billion to 29 billion euros, it said Friday.

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