BERLIN (Reuters) -- German engineering group Schaeffler said operating profit rose 36 percent in the third quarter because of recovering car demand in Europe and growth in China, which helped the group confirm earnings forecasts for the year.
BERLIN (Reuters) -- German engineering group Schaeffler said operating profit rose 36 percent in the third quarter because of recovering car demand in Europe and growth in China, which helped the group confirm earnings forecasts for the year.
Parts makers, dependent on vehicle production volume, hope automakers absorb tariff costs and pursue market share instead of raising prices and reducing output.