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German auto supplier ZF axes electric projects as demand stalls
Summary by KULR-TV
22 Articles
22 Articles
ZF has agreed with various customers to end several projects prematurely, which do not achieve the expected profitability due to the slow ramp-up of electric mobility in Germany. What does this mean for the ZF plant in Saarbrücken?
The electromobility business is not growing as fast as hoped. Therefore, many projects have ended prematurely. This is now noticeable in the results.
·Düsseldorf, Germany
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ZF cancels several electric car projects due to weak demand.
ZF Friedrichshafen expects losses again in 2025. This is due to a one-off charge from several projects that the automotive supplier terminated prematurely. Nevertheless, the past fiscal year went better than expected for ZF.
Automotive transition: German auto supplier ZF axes electric projects as demand stalls
·Luxembourg City, Luxembourg
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Total News Sources22
Leaning Left2Leaning Right2Center5Last UpdatedBias Distribution56% Center
Bias Distribution
- 56% of the sources are Center
56% Center
L 22%
C 56%
R 22%
Factuality
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