Schaeffler cuts 2028 sales target on weaker outlook for car market

Schaeffler AG

31/07/2026 10:22

July 31 (Reuters) - German machine and car parts maker Schaeffler SHA0n.DE cut on Friday its medium-term sales targets, citing weaker market expectations, particularly for passenger cars and light commercial vehicles
The company now expects 2028 sales between €24 billion  and €26 billion ($27.6 billion-$29.9 billion), down from its previous range of €27 billion to €29 billion.

($1 = 0.8684 euros)

 (Reporting by Amir Orusov, Editing by Miranda Murray)
 ((Amir.orusov@thomsonreuters.com))