"mr_gofast" (jake_berenshteyn)
07/11/2014 at 09:32 • Filed to: TRW, ZF
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"mr_gofast" (jake_berenshteyn)
07/11/2014 at 09:32 • Filed to: TRW, ZF | 0
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!!!error: Indecipherable SUB-paragraph formatting!!! , the world's biggest car-safety equipment supplier, has received a preliminary takeover approach from !!!error: Indecipherable SUB-paragraph formatting!!! 's ZF Friedrichshafen AG, in a bid to create the world's second-largest auto-parts supplier by sales.
With the acquisition of TRW, ZF would add technology — from air bags to collision sensors — that keeps drivers secure and help them avoid crashes, to its existing suite of mechanical parts. The combination would create a company with almost $40 billion in annual sales, vaulting ZF to the No 2. spot among world's largest auto-parts suppliers
another sign the auto industry is still strong and rebounding..
http://www.bloomberg.com/news/2014-07-1…