ZF Group

ZF to invest $71M in Mich. tech center

3:54 pm U.S. ET | June 24, 2015

German auto supplier ZF Friedrichshafen AG plans to spend more than $71 million and add 571 jobs by expanding its technical center in suburban Detroit....
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ZF completes $12.4 billion acquisition of TRW

10:26 am U.S. ET | May 15, 2015

German auto supplier ZF Friedrichshafen AG said today that it has completed its $12.4 billion acquisition of safety systems supplier TRW Automotive Holdings....
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ZF wins U.S. approval for TRW acquisition with divestitures

May 6, 2015 09:36 CET

ZF Friedrichshafen won U.S. antitrust approval to buy TRW Automotive on the condition it sells TRW's linkage and suspension business in North America and Europe. The merger of ZF and TRW will create the world's second-largest supplier....
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ZF acquisition of TRW cleared by FTC

6:00 pm U.S. ET | May 5, 2015

ZF Friedrichshafen’s acquisition of TRW Automotive, a transaction valued at $12.4 billion, was cleared by the Federal Trade Commission on Tuesday....
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TRW says Q1 revenue up 7%, profits rise

3:36 pm U.S. ET | May 5, 2015

TRW Automotive, which is being acquired by German supplier ZF Friedrichshafen, said today that first quarter revenue grew 7 percent from last year, excluding effects of currency and divested business....
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TRW details China plans, sale of unit

12:01 am U.S. ET | April 27, 2015

TRW, the safety components supplier being acquired by Germany's ZF, said it plans to open three plants in China this year and next. It also will sell its linkage and suspension business to Tokyo conglomerate THK, to help clear the way for ZF's purchase....
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TRW to sell suspension unit to THK for $400 million

6:46 am U.S. ET | April 22, 2015

TRW Automotive Holdings said it agreed to sell its linkage and suspension business to Tokyo conglomerate THK for $400 million....
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ZF sells bonds to help finance TRW acquisition

2:37 pm U.S. ET | April 20, 2015

ZF raised $2.4 billion with the company's first bond sale in its 100-year history to help pay for its acquisition of automotive safety components supplier TRW Automotive Holdings Corp....
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TRW in talks with India’s Amtek to sell suspension business, reports say

10:29 am U.S. ET | March 25, 2015

Amtek Auto, an Indian car parts maker, is among companies in talks to acquire TRW's suspension business, people familiar with the matter said....
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ZF-TRW deal to be approved by EU regulators, report says

1:48 pm U.S. ET | March 4, 2015

EU antitrust regulators are expected to clear German car parts maker ZF Friedrichshafen's $13.5 billion bid for US peer TRW Automotive Holdings with conditions, two people with knowledge of the matter told Reuters today....
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ZF offers EU concessions in $13.5 billion TRW deal

Feb. 20, 2015 13:36 CET

ZF Friedrichshafen has offered concessions in a bid to secure European Union approval for its $13.5 billion takeover of TRW Automotive Holdings....
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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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EU regulators to rule on ZF's bid for TRW by Feb. 26

Jan. 23, 2015 15:09 CET

EU antitrust authorities will decide by Feb. 26 whether to approve German supplier ZF Friedrichshafen's $13.5 billion bid for U.S. rival TRW Automotive....
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DUSTIN WALSH

BLOG: ZF CEO tells TRW staffers that jobs are safe

12:53 pm U.S. ET | Jan. 12, 2015

The $12.4 billion acquisition of TRW Automotive Holdings by Germany's ZF Friedrichshafen AG has many in metro Detroit afraid. But ZF CEO Stefan Sommer said at the Detroit auto show that those worries are for naught....
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TRW strikes $440 million deal to shift U.S. pensions

2:49 pm U.S. ET | Dec. 16, 2014

TRW Automotive Holdings struck a deal to transfer U.S. pension obligations to MetLife as the maker of auto parts works to limit liabilities....
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Chrysler poised to invest $266M to expand 8-speed transmission production

11:35 am U.S. ET | Dec. 9, 2014

Chrysler Group plans to invest $266 million into its massive Kokomo Transmission complex in Indiana to expand production of its eight-speed rear-wheel-drive transmission. On Monday night, elected officials in Kokomo unanimously approved a request by Chrysler for a 10-year tax abatement for the project, local media reported....
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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 shareholders approve $13.5 billion takeover by ZF

7:21 am U.S. ET | Nov. 20, 2014

TRW Automotive shareholders today approved a $13.5 billion takeover offer by Germany's ZF Friedrichshafen, the companies said, paving the way for a new global automotive supply powerhouse to rival Robert Bosch....
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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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TRW's revenue slips 1%, net income falls 4% in Q3

11:02 am U.S. ET | Oct. 28, 2014

Automotive safety technology supplier TRW Automotive Holdings, preparing for its $13.5 billion acquisition by ZF Friedrichshafen, today said its third-quarter revenue dropped 1 percent to $4.16 billion from a year earlier, while net income fell 4 percent....
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ZF forms chassis JV with Beijing Auto

Oct. 14, 2014 10:16 CET

German supplier ZF Friedrichshafen established a joint venture with China's Beijing Automotive Industry Corp. to build passenger-vehicle chassis parts for BAIC and its other joint ventures with Daimler and Hyundai....
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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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EDITORIAL

Be nice to suppliers

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

Today, fewer and larger suppliers control many key technologies and can choose which automakers get their latest products first....
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