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Germany’s ZF sees more acquisitions on the line


ZF Friedrichshafen AG, fresh from announcing a $11.7 billion deal to purchase TRW Automotive Holdings Corp., forming the world’s second largest auto supplier, eyes more acquisitions in the near to mid-term future. Stefan Sommer, ZF’s chief executive officer commented that a deal of the TRW magnitude is highly unlikely, and that the company could improve its capabilities in the industrial and ...
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Tesla safe from CO2 costs hitting automakers
Tesla Motors, the California based startup that has already come to disrupt the natural order among automakers could have another benefit in the years to come. Because the US automaker has ...
Ford calms down spirits over South Africa
The recent ongoing strike in the largest African economy, the latest in ongoing labor turmoil has prompted reactions from the automotive industry as well, with the walk out affecting production. Ford, ...
Audi’s CEO expects to significantly break last year’s record
Rupert Stadler, buoyed by the performance half way through the year of the luxury brand, expects Audi to "significantly" exceed 2013’s record global sales. The carmaker’s boss actually finally set up ...
New Indian prime minister should spur a rebound in demand
Automakers from Mahindra & Mahindra to Ford Motor Co. are currently gearing up in India for a rebound in demand, after the once fertile automotive market was thrown out of ...
Mercedes seeks Asia growth via China
While for many years Mercedes-Benz has been fighting to catch up to Audi and BMW in the world’s largest automotive market, the luxury car making unit of Daimler is now ...
China: stocks climb on auto sector growth
Following comments made by President Xi Jinping that investments into the development of more energy-efficient vehicles is the needed move to improve China’s auto industry, shares at many automakers rose. Also, ...
VW AG CEO to focus on US and Brazil
While in 2013 the biggest European car group managed to snatch the global second position from the US based General Motors, if the company wants to go for the No.1 ...
BMW first in 2014 sales, but also in money race
While BMW, Audi and Mercedes-Benz are entrenched in a bitter feud over who’s the luxury segment sales leader, investors in the German automakers are more interested in who’s making the ...
Audi says expansion and model costs to dent profit
While for the first two months of 2014 the German maker Audi managed to win the eternal No.1 race in the luxury segment, it also said its operating profit would ...

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