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Losses top ?1 billion at German automotive supplier ZF

NAMPA / DPA
2025-03-20
Berlin (dpa) - German automotive supplier ZF Friedrichshafen suffered a loss of more than ?1 billion ($1.1 billion) in 2024, in the latest bad news to come out of the country's vital car industry. "2024 has shown just how much pressure our industry and our company are under," said chief executive Holger Klein as he presented the firm's annual report on Thursday. "A rapid easing of the situation is not to be expected." "Rising costs, geopolitical......
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