May 18, 2013 4:09 AM ET

Auto Components

Company Overview of ZF Friedrichshafen AG

Company Overview

ZF Friedrichshafen AG develops, produces, and services driveline and chassis technologies worldwide. It offers drive systems, such as automatic, manual, dual clutch, and powershift transmissions; thrusters and shallow draft thrusters; surface, pod, and electric drives; generator/hybrid, rotor, and all-wheel drive systems; and gearboxes. The company also provides drive components, including clutches, clutch systems, torque converters, active starting systems, front and rear axle drives, bevel gearsets, differentials, dual mass flywheels, PTOs, retarder systems, control systems, gearshift systems, transfer cases, propellers, brakes, cargo loading system and rescue hoists, light alloy casting c...

Detailed Description

Graf-von-Soden-Platz 1

Friedrichshafen,  88046

Germany

Founded in 1915

74,775 Employees

Phone:

49 7541 770

Fax:

49 7541 7790 8000

www.zf.com

Key Executives for ZF Friedrichshafen AG

Chief Executive Officer and Member of the Board of Management
Age: 49
Executive Vice President of Finance
Age: 53
President of Commercial Vehicle & Special Driveline Technology Division for North America
Member of the Management Board and Executive Vice President of ZF Group
Age: 60
Compensation as of Fiscal Year 2012.

ZF Friedrichshafen AG Key Developments

ZF Friedrichshafen AG Announces Management Changes

After more than five years of leadership Michael Hankel, Chief Executive Officer of ZF Lenksysteme GmbH (ZFLS), has decided to move on to new responsibilities at ZF Friedrichshafen AG. Michael Hankel has now been appointed to the Board of Management at ZF Friedrichshafen AG. Here he will head the newly created Passenger Car executive area, comprising the Powertrain Technology and Chassis Technology divisions and the Production Technology department. In addition, Mr. Hankel will head the Electronic Systems business unit. Michael Hankel will be succeeded by Dr. Peter Ottenbruch who is currently in charge of Corporate Operations and Technology on the Board of Management at ZF Friedrichshafen AG.

General Motors In Talks To Sell French Transmission Operation

General Motors Company is in advanced negotiations with Punch International NV and ZF Friedrichshafen AG regarding sale of French transmission operation in Strasbourg. The sale involves a production site and a research centre. GM spokesman said, "In a best-case scenario, the sale will be completed by the end of the year 2012." Dow Jones said that a ZF spokesman said that it is in talks with Punch on the deal and representatives of Punch could not be reached immediately for comments on the matter.

ZF Friedrichshafen And Knorr-Bremse Deny Merger Rumors

ZF Friedrichshafen AG and Knorr-Bremse Aktiengesellschaft have denied the rumors of merger and said that they are not in talks over an acquisition or a merger. ZF Friedrichshafen and Knorr-Bremse have said that the report by Manager Magazin is purely speculative.

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