As the Coronavirus continues to trouble the world, our first responsibility is to our people and societies. ZF task forces are working around the clock to carefully monitor the situation and ensure that our employees are informed about all necessary measures to minimize the risk of infection – also in their private lives.
As a major employer and supplier to the industry both in Germany and globally, we are fighting hard to maintain economic stability while doing our part to contain the virus.
Over the coming days, we are suspending many operations in Europe and North America following announcements by truck and pass car manufacturers. Wherever possible we continue to uphold our end of the supply chain to support operations that are still running or have resumed production. We are also preparing to fully support our customers for when the situation calms down and production ramps up.
I am convinced that we will overcome this together, just as our colleagues in China have done extremely well. We learn from their resolute actions and appreciate their acts of support as the pandemic shifts to further regions.
We are all looking forward to re-joining the competition for innovation, quality and value and doing our part to shape next generation mobility when our economy restarts. For now, we give all our strength to keep everybody safe and manage an unprecedented crisis.
ZF is a global technology company and supplies systems for passenger cars, commercial vehicles and industrial technology, enabling the next generation of mobility. With its comprehensive technology portfolio, the company offers integrated solutions for established vehicle manufacturers, mobility providers and start-up companies in the fields of transportation and mobility. ZF continually enhances its systems in the areas of digital connectivity and automation in order to allow vehicles to see, think and act.
In 2019, ZF achieved sales of €36.5 billion. The company has a global workforce of 148,000 with approximately 240 locations in 41 countries. ZF invested seven percent of its sales in research and development.