| UPDATED: 3/30/17 9:12 am ET - adds Sommer remarks

ZF acquires stake in German radar sensing tech firm

ZF Friedrichshafen has acquired a 45 percent stake in Astyx Communication & Sensors, which develops and produces ultra-high-frequency radar sensors and modules.

Toyota recalls 2.9 million vehicles over Takata airbags

Toyota is recalling 2.9 million vehicles in Japan, China, Europe and other regions due to potentially faulty airbags made by Takata. North America, Toyota's biggest market, is not part of the recall.

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