From Yahoo Finance: 2025-06-09 13:03:00

ZF Automotive UK receives £432,000 from Welsh Government to enhance operations, safeguarding 60 jobs at Pontypool facility. Funding to modernize production line for Jaguar Land Rover contract, improve productivity, and provide workforce with advanced manufacturing skills. Investment supports apprenticeships, graduate positions, and energy efficiency projects, boosting local economy.

ZF Friedrichshafen experiences 11% sales decline in 2024 to €41.4bn, attributed to axle assembly product line transfer to ZF Foxconn joint venture. Anticipates weak economic growth in eurozone and Germany in 2025, with vehicle markets potentially below previous levels. Commences series production of steer-by-wire system for Nio Inc’s electric vehicle.

Read more: ZF secures UK (Wales) government funding