Stefan Sommer

STEFAN SOMMER, CEO, ZF FRIEDRICHSHAFEN

With TRW, ZF can offer advanced driverless tech

12:01 am U.S. ET | Jan. 26, 2015

ZF Friedrichshafen AG's acquisition of TRW Automotive will make it a key player in collision avoidance and driverless cars....
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ZF chief: TRW to keep its own identity -- for now

12:01 am U.S. ET | Jan. 26, 2015

TRW Automotive Holdings will remain a stand-alone company for at least three to five years after the completion of its merger this spring with ZF Friedrichshafen AG....
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ZF expects surging sales of driver-assist systems

12:01 am U.S. ET | Nov. 24, 2014

German supplier ZF Friedrichshafen AG, which agreed to buy TRW Automotive Holdings in September for $13.5 billion, expects the combined company's sales of driver-assist safety systems to grow 15 to 25 percent a year. Those technologies, which will underpin tomorrow's autonomous cars, also will be the "major" part of the combined company's $2.1 billion r&d budget, ZF CEO Stefan Sommer said....
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ZF CEO: We're not chasing 10-speeds

12:01 am U.S. ET | Nov. 23, 2014

ZF Friedrichshafen AG will not follow rivals in pushing for 10-speed transmissions. the German supplier will stop at 9-speed transmissions, says CEO Stefan Sommer....
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TRW investment to help Takata replace defective airbags would be short-term, ZF CEO says

Nov. 17, 2014 10:49 CET

ZF Friedrichshafen is ready to invest more through TRW Automotive in airbag inflator output to meet replacement demand following the recall of defective airbags made by Takata. The investment would not be a strategic shift to win market share, ZF CEO Stefan Sommer said....
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ZF-TRW 'playing in a new league'

12:01 am U.S. ET | Sept. 22, 2014

ZF's acquisition of TRW will put the German company in an elite group: Megasuppliers able to feed automakers' growing appetite for collision-avoidance technology....
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ZF says TRW takeover creates supplier ready for self-driving age

Sept. 16, 2014 14:19 CET

ZF wants to purchase TRW to create a global supplier ready for an age of self-driving cars. "The major motivation for this transaction is technology driven, in the field of electromobility and ... autonomous driving," ZF CEO Stefan Sommer said....
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Bosch benefits from ZF's bid to buy TRW

Sept. 16, 2014 12:45 CET

Robert Bosch is an unexpected beneficiary of ZF's plans to purchase TRW. Bosch is poised to take full control of a steering joint venture it co-founded with ZF that makes systems that are key to creating driverless cars....
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ZF to purchase TRW for $105.60 a share

Sept. 15, 2014 16:02 CET

ZF has reached a deal to buy TRW Automotive for $105.60 per share. The transaction will create the world's second-largest auto supplier with combined revenue of about 30 billion euros ($41 billion)....
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ZF's takeover bid for TRW causes stir in supplier's German home town

Sept. 9, 2014 17:09 CET

ZF Friedrichshafen's potential $11 billion takeover of TRW Automotive surprised and unsettled workers in the supplier's home town of Friedrichshafen, Germany. ZF's bid for TRW shows the financial might of Germany's stolid privately held companies....
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ZF talks for TRW said to hinge on Bosch JV exit

Aug. 15, 2014 10:25 CET

ZF's ambitions to takeover TRW and become the world's No. 2 supplier are being held up by negotiations to exit a steering-systems joint venture with Robert Bosch, according to people familiar with the matter....
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ZF supervisory board said to support TRW takeover talks

Aug. 1, 2014 11:02 CET

ZF's supervisory board has given its support to continuing negotiations to buy TRW Automotive, sources said....
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