ZF Friedrichshafen recently tempered expectations for 2022, saying growth will be "moderate" because of rising inflation, supply chain bottlenecks tied to the war in Ukraine and the continuing COVID-19 pandemic. Despite the cautious outlook, ZF CEO Wolf-Henning Scheider is confident the world’s third-largest supplier will outperform the overall market based on the early numbers the company sees from Europe, North America and China. He is also bullish about ZF’s ability to become a key supplier to full-electric cars. He explained why in an interview with Automotive News Europe Managing Editor Douglas A. Bolduc.
April 19, 2022 04:00 AM
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Hyundai up 19%, Kia up 14% in April as consumers buy ahead of expected tariff price jumps
U.S. light-vehicle sales are projected to rise 4.6 percent to 15 percent in April, forecasters say, as consumers lock in prices poised to rise in coming months as tariffs take a toll on a supply and selection.
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