Schaeffler cuts revenue target on weak industrial demand

Newswire

NEUSS, Germany, Aug 28 (Reuters) - German ball bearing and clutch maker Schaeffler lowered its full-year revenue target after first-half growth stalled amid a sharp drop in demand at its industrial division. The company, which competes with Swedish bearings maker SKF , said that it expects 2013 revenue growth of 1-2 percent, citing a fall in revenue from the industrial sector, the sluggish recovery of the global economy and weak economic momentum in China. It ...

REGISTER NOW

To access this content simply register below now.
Registering is easy and allows you to:

  • Access all WardsAuto.com public content and newswire stories
  • Participate in forums
  • Comment on articles
  • Sign up for e-newsletters
  • And much more!
     

Already registered? here.
Data Center

There are a number of ways to find data on WardsAuto:

BROWSE : Explore the breadth of WardsAuto data by geography and data type.
SEARCH: Use keywords and filters to search all data.
Reference: View reference and non-time-series data.
Public Data: A collection of data tables available to non-subscribers.

A subscription is required to see locked content.
We also welcome requests for customized data.

Go to Data Center

A number of high-volume recalls have followed the GM ignition-switch scandal. What is the No.1 cause of this latest trend? (Log In or Register to vote)

Upcoming Events
RSS
Connect With Us

Sponsored Introduction Continue on to (or wait seconds) ×