Hints and tips:
...About 3,000 ZF employees on Wednesday protested against the cuts, taking to the streets of Friedrichshafen in south Germany, where the company has its headquarters....
...Nahles’ confidence comes as a number of large companies announce job cuts, including chemicals conglomerate Bayer, car supplier ZF Friedrichshafen and software giant SAP....
...Bosch last week announced 1,200 job losses, while ZF Friedrichshafen, which is largely controlled by the south German town whose name it bears, said it was reviewing its operations and in a worst-case scenario...
...The German auto producer ZF Friedrichshafen is expected to contribute about 10 per cent of the construction costs, according to a person familiar with the matter....
...Ploss, whose customers include tier 1 auto suppliers Bosch, Continental and ZF, said the car industry could not expect chipmakers such as Infineon to “take all the risk of holding the inventory”....
...ZF, a major German parts supplier, also said it has frozen all deliveries to Russia, including those to the ZF Kama joint venture, while it investigates the impact of the international sanctions....
...Across the south and south-west, traditional suppliers to the automotive industry — Bosch, Continental, Mahle, ZF Friedrichshafen — have announced job cuts amid falling demand and an uncertain outlook....
...Mr Sommer, the former head of supplier ZF who helped VW secure battery production for its electric vehicle ambitions, would leave “at his own request”, VW said on Monday....
...Despite VW’s current challenges Mr Sommer, a former executive at German auto suppliers Continental and ZF, also dismissed suggestions that the group would be forced to revamp its supply chain in the wake...
...However, Andreas Brand, the mayor of Friedrichshafen who sits on ZF’s supervisory board, said the Zeppelin Foundation “always has the welfare of its society and, in particular, its employees in mind”, and...
...Suppliers such as Continental, Bosch and ZF have been among the hardest hit by the shift to emissions-free cars, as their largest clients produce more electronic components and software in-house in an attempt...
...Those plans add to fears over job losses at the world’s biggest auto suppliers, including Continental, Bosch and ZF, who sell electronic control units and software to large car manufacturers and are collectively...
...Daimler, BMW, and supplier ZF have been the subject of similar reports, while Volkswagen began investigating its role in the Nazi war effort in the 1980s....
...Even so, two Geman companies — chipmaker Infineon and car-parts supplier ZF Friedrichshafen — are leading efforts to increase diversity and both are in the top 10 of the FT ranking....
...German car parts group ZF Friedrichshafen has agreed to pay $7bn for Wabco, a maker of auto braking and suspension components, as suppliers across the auto industry bulk up in the race towards autonomous...
...However, the former head of car parts supplier ZF Friedrichshafen warned that any expansion plans were contingent on the group’s slew of new battery-powered cars, such as the Porsche Taycan and Volkswagen...
...Continental is doing away with 3,570 positions in Germany alone, while Bosch will slash thousands of jobs in the next two years, and employees at ZF have been protesting against looming cuts....
...Germany’s ZF Friedrichshafen invested more than €100m in a new facility that opened recently. It will produce electric and hybrid vehicles and employ approximately 1,000 people, the company said....
...The group, alongside other auto suppliers such as Bosch, ZF and Schaeffler, faces “unprecedented disruption” as its customers abandon the combustion engine, “rendering portions of intellectual property and...
...On Thursday, privately held German auto parts group ZF Friedrichshafen agreed to buy Wabco, a US company focusing on vehicle safety technology, for $7bn in what was one of the biggest European deals in the...
...His replacement, Stefan Sommer, the former CEO of parts supplier ZF, was named earlier this month....
...ZF-TRW was formed when Germany’s ZF Friedrichshafen bought US rival TRW Automotive for more than $11bn in a deal completed in 2015. Additional reporting by Kana Inagaki in Tokyo...
...Those rumoured to be interested include China’s SAIC and ZF Friedrichshafen of Germany. The board would not welcome a sale to a private equity firm, the person added....
...The winner was Munich-based Knorr-Bremse, a braking specialist, but the chairman of Haldex had preferred an offer from ZF – a larger technology group that makes gearboxes and transmissions – because the...
...Friedrichshafen ready to buy again (Handelsblatt) Shell to sell stake in Australian group Woodside Petroleum for $1.7bn (FastFT) Private equity fights back on US tax reforms (FT) UK chipmaker Graphcore...
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