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Schaeffler AG, led by CEO Klaus Rosenfeld, is shifting its focus from automotive to the defense sector through a partnership with drone startup Helsing, aiming to increase military revenues from 100 million euros to 1 billion euros in five years. This strategic pivot comes amid challenges in the automotive industry, which has resulted in a job reduction of 4,700. The company is also exploring opportunities in humanoid robotics while striving to become one of the top three automotive suppliers globally.