ZF Reportedly Considering Spin-Off of Electrified Drive Division Amid Financial Struggles

junge Welt

Left

Factuality

Ownership

The bosses at the automotive supplier ZF are considering splitting off the drive business. This would make around 32,000 jobs vacant. The plant in Saarbrücken would be particularly affected.

Sustainable Bus

Factuality

Ownership

ZF reportedly plans to spin off electrified driveline divisione for cost-cutting reasons

According to a report by German newspaper Handelsblatt, ZF is evaluating a full spin-off of its Electrified Drive Technologies division under a project called “Verde.” ZF to sell Electrified Drive Technologies division? ZF management would be aiming to complete the spin-off this year, with a potential sale by 2026. Hyundai Group and Foxconn are rumored buyers, still according to the Handelsblatt, but no agreement has been confirmed. The division…

evmagz.com

Factuality

Ownership

ZF Reportedly Considering Spin-Off of Electrified Drive Division Amid Financial Struggles

German automotive supplier ZF is reportedly exploring a complete spin-off of its ‘Electrified Drive Technologies’ division under the… The post ZF Reportedly Considering Spin-Off of Electrified Drive Division Amid Financial Struggles appeared first on EVMagz.