German ZF posts profit decline in 2024


By Rao BoShan Weiyi

FRANKFURT, March 20 (Xinhua) -- German auto supplier ZF on Thursday announced a sharp decline in profits in 2024, and a cautious outlook for this year.

Publishing its financial results for last year, ZF also said the outlook for 2025 will remain challenging due to weak economic growth, transformation pressure and geopolitical uncertainty.

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