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September 03, 2015 4:19 AM ET

Auto Components

Company Overview of ZF Friedrichshafen AG

Company Overview

ZF Friedrichshafen AG provides driveline and chassis technologies worldwide. The company offers drive systems, such as automatic, dual clutch, manual, power shift, variable, synchromesh, and hybrid- capable transmissions; hybrid, generator/hybrid, all-wheel and axle drive, and rotor and test systems; and electric drives, thrusters and shallow draft thrusters, surface and pod drives, power units, and gearboxes. It also provides drive components, such as wet and dry-running and dual clutches, clutch systems, torque converters, front and rear axle drives, bevel gear sets, differentials, dual-mass flywheels, PTOs, retarder systems, control and gearshift systems, transfer cases, propellers brakes...

Graf-von-Soden-Platz 1

Friedrichshafen,  88046

Germany

Founded in 1915

71,402 Employees

Phone:

49 7541 77 0

Fax:

49 7541 77 908000

Key Executives for ZF Friedrichshafen AG

Chief Executive Officer and Member of Management Board
Age: 52
President, South America
Executive Vice President of Finance, Controlling, & Information Technology and Member of Management Board
Age: 56
President of Asia-Pacific Division
Executive Vice President of ZF Group and Member of Management Board
Age: 63
Compensation as of Fiscal Year 2015.

ZF Friedrichshafen AG Key Developments

ZF Friedrichshafen AG Announces Earnings Results for the Six Months Ended June 30, 2015; Provides Sales Guidance for the Year 2015

ZF Friedrichshafen AG announced earnings results for the six months ended June 30, 2015. For the six months, the company reported that net profit attributable to shareholders of the company was EUR 691 million, compared to EUR 299 million for the same period ended June 30, 2014. Sales were EUR 12.19 billion, compared to EUR 9.18 billion for the same period ended June 30, 2014. Operating profit was EUR 337 million, compared to EUR 418 million for the same period ended June 30, 2014. For the year 2015, the company expects sales to be between EUR 29 billion and EUR 30 billion.

ZF Friedrichshafen Expands R&D Centre in Czech Republic

ZF Friedrichshafen extended its research and development (R&D) centre in Plze, Czech Republic. ZF has invested EUR 4 million in the expansion of the R&D centre. The centre employs approximately 250 employees. It has also announced plans to spend USD 71 million building a new technical centre in Michigan, United States. The investment is reported to include 571 new jobs, growing the company's Michigan-based employee count to 1,231. ZF will expand its Northville, Michigan, site by 210,000 to increase R&D capacity for transmission, steering, axle and chassis components.

ZF Friedrichshafen AG to Invest USD 71 Million in New US Technical Centre

ZF Friedrichshafen AG has announced plans to spend USD 71 million on building a new technical centre in Michigan, United States. The investment reportedly will bring 571 new jobs, growing the company's Michigan-based employee count to 1,231. ZF will expand its Northville, Michigan, site by 210,000 to increase research-and-development capacity for transmission, steering, axle, and chassis components.

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