Handelsblatt: ZF considering e-drive division spinoff

By / / Automotive / 1 minute of reading


The mood at ZF is said to be “disastrous” as it weighs losses in the billions of euros for its e-drive division, despite a large order book. By Stewart Burnett

ZF is looking to spin off its electrified drive technologies division in its entirety, according to an 18 February report in German newspaper Handelsblatt. The mood at the company is “disastrous” as it considers ways to increase its profitability, including 14,000 planned layoffs in Germany mostly in the e-drive division.

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Handelsblatt: ZF considering e-drive division spinoff



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Avatar of Valerie Colon
Valerie Colon is a news writer for TNT News. She loves writing about sports, education, and technology. She has a degree in journalism from the University of Georgia and has been writing professionally for over two years. She loves writing about hot topics that impact her community and hopes to one day write for major publications.

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