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July 3, 2019

Fiat-Chrysler announces ZF transmission deal

Fiat Chrysler Automobiles has named ZF Friedrichshafen as its global transmission supplier for rear wheel drive and all wheel drive vehicles with front longitudinal drive configuration.

By Olly Wehring

Fiat Chrysler Automobiles has named ZF Friedrichshafen as its global transmission supplier for rear wheel drive and all wheel drive vehicles with front longitudinal drive configuration.

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ZF will supply its latest eight speed automatic transmission in what is the second largest single order in the tier one supplier's history.

This newest version of the proven transmission has been further optimised with an integrated electric drive for hybrid variants.

The ZF plant in Saarbrueken will be the lead production facility for this new (fourth) transmission generation which starts series production in 2022.

Output at other locations including the US and China is planned for later.

The supplier said the new transmission could be installed in almost all vehicle segments with a front longitudinal drive configuration while optional electric drive helps automakers achieve CO2 reduction goals.

"With this modular transmission concept, manufacturers will be able to easily change from one transmission variant to another which gives them the flexibility to react to market requirements," ZF said.

ZF is also supplying a nine-speed automatic specially configured for diesel engines used in tough light commercial vehicle operating conditions. The transmission replaces a 'robotised' automated manual used previously in FCA Group division Fiat Professional's popular Ducato line which has just been updated for 2020.

Three months ago, ZF signed a first contract with BMW for eight speed transmissions similar to the FCA units – its largest single order ever.

"[The FCA deal] is our second major order for the new 8HP and it confirms our strategy to focus on plug-in hybrids as an everyday solution and to develop attractive products in these areas", said ZF CEO Wolf-Henning Scheider.

Free Report
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2022: So far In Venture Capital

Global investment in 2022 has been majorly dominated by North America, Europe, and Asia Pacific, whereas the Middle East, and South and Central America have recorded low investments comparatively. In light of this, Europe and North America have been identified as the major destinations for Private Equity and Venture Capital (PE/VC) investments.   GlobalData’s whitepaper analyzes which sectors PE/VC firms have been investing in, looking at Technology, Media, and Telecom, with these sectors recording $356 billion and a deal volume of over 10,000 deals in 2022. Healthcare, Financial Services, Business & Consumer Services, and Construction sectors have also seen high investment activity by PE/VC firms, recording a deal value of over $70 billion each.   But what can this mean for you?   Understand how the Deals Database on GlobalData Explorer can be leveraged to:  
  • Track the Aggregate Investment Volumes in PE/VC-Stage firms across geographies and sectors, in addition to viewing the specific deals that drove these volumes
  • Identify the top investors already active in any sector-Geography combinations
  • Assess the Performance of Financial and Legal Advisors, supporting the Dealmaking in any segment of choice (Customizable League tables)
  • Understand what is driving the PE/VC fundraising (Deal Rationale)
  Consult our full report here and optimize your business strategy.
by GlobalData
Enter your details here to receive your free Report.

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