ZF Group

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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ZF net debt seen at $11 billion after TRW deal, report says

Sept. 18, 2014 18:05 CET
ZF's net debt will rise to about 8.5 billion euros ($11 billion) -- about 2.4 times core earnings -- after it buys rival TRW, a banker familiar with the deal said. Earlier this week, ZF agreed to buy TRW for $13.5 billion including debt....
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ZF's Sommer sees more acquisitions beyond TRW purchase

Sept. 18, 2014 09:05 CET
ZF, which agreed to buy TRW Automotive Holdings for $13.5 billion including debt, sees a need for more acquisitions as even the largest auto suppliers seek size and 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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Bosch benefits as new ZF-TRW combo enters driverless car fray

6:51 am U.S. ET | Sept. 16, 2014
Robert Bosch GmbH gained full control over key automotive technology, positioning the world's biggest parts supplier as an unexpected beneficiary of ZF Friedrichshafen AG's leap into the No. 2 position....
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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 to sell steering-venture stake to Bosch to help TRW deal

Sept. 15, 2014 09:11 CET
ZF will sell its stake in a joint venture to partner Robert Bosch. The deal paves the way for ZF to buy TRW to create the world's No. 2 automotive supplier....
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ZF set to sell stake in steering venture to Bosch to smooth TRW takeover, report says

Sept. 13, 2014 06:01 CET
ZF Friedrichshafen is nearing a sale of its steering business as part of its proposed acquisition of TRW Automotive to resolve expected antitrust issues, a German newspaper reported....
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Federal-Mogul agrees to buy TRW engine valve unit for $385 million

9:23 am U.S. ET | Sept. 10, 2014
Federal-Mogul said today it agreed to acquire the engine valve business from TRW Automotive Holdings for $385 million in cash. TRW's engine valve unit generated revenue of $610 million last year and employs 5,400 people in 12 countries....
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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 restarts talks with Bosch to ease TRW purchase, sources say

Sept. 4, 2014 10:39 CET
ZF is restarting talks to exit its joint venture with Bosch, sources said, as it seeks to clear the way for its takeover of TRW Automotive. ZF is seeking to sell its half of the steering-systems venture to Bosch to avoid antitrust issues....
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ZF plans big expansion of Shanghai r&d center

Aug. 17, 2014 06:01 CET
ZF Friedrichshafen is investing 50 million euros (412 million yuan) in a fivefold expansion of its Shanghai headquarters and research hub....
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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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Hybrid technology helps fuel transmission transformation

2:00 pm U.S. ET | Aug. 5, 2014
Transmission manufacturers such as ZF Friedrichshafen AG are adapting their transmissions for use in plug-in hybrid vehicles by replacing the torque converter with an electric motor....
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ZF explores steering unit sale as part of TRW deal, reports say

1:59 pm U.S. ET | Aug. 4, 2014
ZF Friedrichshafen is considering selling its steering business as part of its proposed acquisition of TRW Automotive Holdings Corp. to resolve expected antitrust issues, people familiar with the matter said today....
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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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Germany's ZF in advanced talks to buy TRW for near $12 billion, report says

1:22 pm U.S. ET | July 30, 2014
Germany's ZF Friedrichshafen AG is in advanced talks to acquire TRW Automotive for nearly $12 billion, in a deal that would create an automotive supply powerhouse, people familiar with the matter told Reuters today....
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