Under Scheider, ZF has continued to expand, most notably with the 2019 acquisition of Wabco for $7 billion to bolster its expertise in trucks and driver-assistance systems.
Few options to earn interest for rainy-day fund
The heads of Volkswagen Group’s premium brands spoke at length about the impacts of Russia’s invasion of Ukraine, as well as the ongoing microchip shortage, and how it has affected their operations.
Toyota said it would slash its global production plan for April by 150,000 units to 750,000 vehicles, compared with the original schedule reported to suppliers earlier this year.
Any long-term interruption at the chipmaker could broadside a global automotive industry already reeling from a worldwide semiconductor shortage that has hammered production and sales. Renesas is assessing the impact on equipment and products, as well as the safety of the facilities and the condition of clean rooms.