Germany's third-largest auto parts supplier ZF Friedrichshafen (ZF) focused on continued strong growth in the United States, and believes he is ready to meet growing demand in North America.
ZF CEO Stefan Sommer told the Detroit Auto Show on January 15th, 2012 that the company’s sales in North America in 2012 increased by 35% to 3.1 billion euros. North America is the company’s strongest growth market last year.
This development will continue: By 2015, ZF’s revenue in the United States is expected to reach 4 billion euros, a figure that increases by 29% over 2012 sales. In addition, ZF plans to invest 540 million euros in this market by 2015. It is reported that ZF’s sought-after products in the United States include automatic transmissions , which can help save fuel.
Earlier, ZF had already invested in the North American market: The new transmission plant in South Carolina began production of the series in 2013. It is reported that ZF produces an 8-speed automatic transmission for a standard drive at the factory and a 9-speed automatic transmission for a vehicle equipped with a front-engine.
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