ZF Continues To Grow As Year-on-year sales Increase

ZF Continues To Grow As Year-on-year sales Increase

OneShift Editorial Team
OneShift Editorial Team
25 Sep 2014

As in the previous years and following the general trend in the automotive industry, sales revenues have shown particularly strong growth in the US (plus 30% to €2.1 billion) and China (plus 26% to €2.0 billion) in the last eight months, making a crucial contribution to ZF’s excellent economic position. At the end of August, ZF’s workforce comprised around 74 000 people worldwide, including 42 600 employees in Germany.

Referring to the planned merger with the supplier company TRW Automotive, Sommer said that he had received “only positive feedback after announcing this acquisition in the spirit of partnership”.

The change in the ownership structure of ZF Lenksysteme GmbH, a joint venture of ZF and Robert Bosch GmbH, which was also announced last week, was jointly decided by the parent companies “in order to meet the future requirements of an increasingly dynamic environment,” explained Sommer.

The company, based in Schwäbisch Gmünd, Germany, produces steering systems for passenger cars and commercial vehicles at 20 locations worldwide. Once the required antitrust approval is obtained, ZF Lenksysteme will be owned 100 percent by Bosch.

At the IAA Commercial Vehicles, ZF will be presenting for the first time the ZF Innovation Truck, equipped with innovative assistance functions. Among other features, this truck prototype combines the hybrid version of the TraXon automatic transmission system with the Openmatics telematics solution. In this way, the truck, which is more than 25 meters long including semitrailer and trailer, can be remotely maneuvered conveniently using a tablet – and it is emission-free because only the electric motor in the hybrid system is active during the process.

Credits: Oneshift News Team

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