ZF reaffirms 10% y/y growth in sales in 2013

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Financial results

Begins production at new transmission plant in US, to open new axle systems plant in China in September

ZF has reaffirmed its target to improve sales by 10% year-on-year (y/y) or around EUR1.5bn (USD2bn) in the financial year ending 31 December 2013, according to a company press release. In the first eight months of this year, ZF has garnered sales of around EUR10.98bn (USD14.6bn), an increase of 6% y/y compared with the

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