ZF

ZF showcases promise of autonomous vehicles

FRIEDRICHSHAFEN, Germany -- ZF has unveiled its vision of Next Generation Mobility -- anchored in pillars that include vehicle motion control, integrated safety, automated driving and electric mobility. “We approach all areas and aspects of mobility” said Wolf-Henning Scheider, who has been recently appointed CEO of ZF Friedrichchafen AG.  He also thinks commercial vehicles offer the best opportunities for the development of autonomous vehicles.

ZF tops SAF-Holland bid for Haldex

STOCKHOLM, SWEDEN - ZF Friedrichshafen AG has outbid SAF-Holland in the race to buy Haldex, which produces brakes and air suspensions for heavy trucks, trailers and buses. The cash deal worth 100 kronor (CDN $15.33) per share has been approved by the Haldex Board of Directors, and values Haldex at $670 million. The cash deal worth 100 kronor (CDN $15.33) per share has been approved by the Haldex Board of Directors, and values Haldex at $670 million. It is still subject to regulatory approval. SAF-Holland had made its unsolicited bid last month, offering about $14.25 per share. Just last year, ZF purchased U.S.-based TRW, and has since said that it aims to provide a full lineup of commercial vehicle systems needed for autonomous trucks - all part of a corporate vision that has been dubbed "See-Think-Act".