ZF Friedrichshafen said CEO Stefan Sommer is leaving the company. Sommer's departure likely signals the end of an expansion strategy that drove the Germany supplier's $12.4 billion acquisition of TRW Automotive, creating the industry's second-largest partsmaker.
December 07, 2017 05:00 AM
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Tariff costs, policy uncertainty prevent suppliers from investing in the U.S., MEMA says
Suppliers have become more pessimistic about their financial outlooks and how globally competitive they are since tariffs have gone into place, MEMA data shows.
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