ZF puts down a big bet on future of commercial trucks

Inspite of headwinds brought on by COVID-19, ZF Friedrichshafen has not strike the brakes on its formidable options to bolster its skills in self-driving professional motor vehicles.

The German provider of chassis, steering and braking parts and programs shut its acquisition of trucking components maker Wabco Holdings Inc. previous week with hopes of forming a foremost integrated programs service provider for professional auto know-how.

ZF claimed the Wabco addition allows its current professional-auto division to broaden its skills in auto dynamics regulate.

The offer — valued at far more than $7 billion — also is expected to significantly enhance income.

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Volvo Car USA CEO Anders Gustafsson says virus should be catalyst for industry change

Gustafsson, 51, spoke last month with Staff members Reporter Urvaksh Karkaria about the company’s coronavirus response, the income outlook and the prospects for Volvo’s controversial subscription method. Right here are edited excerpts.

Q: How are you running functions in the course of this interval of uncertainty?

A: We took a final decision to empower the three locations in the U.S. We used a large amount of time receiving absolutely everyone on board with the strategy, and then it truly is up to them to acquire quickly selections centered on their marketplace circumstances.

We are not likely to have any big

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