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ZF Sees FY 2008 Sales Growth Slowing
December 14, 2007
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From AFX News Limited

STUTTGART, Germany -- German automotive supplier ZF Friedrichshafen sees its sales growth slowing to slightly more than the 4.8 percent expected global industry growth next year, chief executive Hans-Georg Haerter said.

In its last fiscal year, sales rose 8 percent to approximately $18 billion, driven by demand from China and India, with profit rising faster than sales.

Copyright 2007 AFX News Limited. All Rights Reserved.