ZF completes acquisition of TRW Automotive ZF Friedrichshafen AG and TRW Automotive Holdings Corp. has announced that they have completed the transaction under which ZF has successfully acquired TRW. TRW will be incorporated into ZF as a new division called Active & Passive Safety Technology. The combined company would operate under the name ZF Friedrichshafen AG. “Today marks the day[Read More…]
ZF Friedrichshafen AG will take over the large gearbox business of Bosch Rexroth AG with more than 1,200 employees. For ZF, the acquisition is an entry into the business with industrial gears that are used in oil rigs, mine vehicles, tunnel drilling machines, or cableways, for instance. In addition, the technology company is strengthening its wind turbine gearbox business. The[Read More…]
Ashok Leyland has recorded sales revenues of Rs 13,562 crore as against Rs 9,943 crore in the previous financial year. EBITDA stood at Rs.1,027 crore during FY 2014-15, against Rs.117 crore in the previous fiscal. Profit Before Tax (PBT) and exceptional items stood at Rs.341.26 crore during FY 2014-15, against a loss of Rs.596.88 Crores in the previous fiscal. Net[Read More…]
With the enforcement of Bus Body Code from April 1, 2015, Volvo Buses India has announced that its buses are compliant and ready. A release put out by Volvo Buses has claimed not only are its buses fully compliant, they are being offered with ABS as standard. The Bus Body Code claimed Volvo sources, include active safety, passive safety and[Read More…]
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