ZF seeking partners in wake of €1bn losses

The scale of the challenges facing European automotive players becomes increasingly clear as 2024 financial results come out. ZF is the latest to confirm significant losses as restructuring provisions of €600m (US$650m) contributed to a net loss after tax of €1.02bn. That’s down from the net profit of €126m reported just one year ago.

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Originally posted on: https://www.automotiveworld.com/news/zf-seeking-partners-in-wake-of-e1bn-losses/