ZF is to suspend “many operations in Europe and North America” following announcements by truck and passenger car manufacturers in the light of the coronavirus pandemic.
“Wherever possible we continue to uphold our end of the supply chain to support operations still running or have resumed production,” said ZF CEO, Wolf-Henning Scheider. “We are also preparing to fully support our customers for when the situation calms down and production ramps up.
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“I am convinced 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.”
