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.