Auto parts supplier Schaeffler AG is fielding questions from investors over the scandal facing its biggest customer Volkswagen AG, a slowdown in China and the shift to hybrid vehicles, as it markets an initial public offering, according to people familiar with the matter. Schaeffler announced IPO plans on Monday, days after VW admitted it cheated on federal air-pollution tests amid investigations by U.S. authorities, and as the carmaker’s shares fell 18.6 percent, dragging down auto stocks across Europe. Concerns over the impact of the scandal, as well as Chinese and global market volatility, could affect investor...
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