According to the "European Auto News" report, ZF executives said that after the merger with TRW, the two companies will jointly invest $2.1 billion in R&D for various technologies such as driver assistance systems.
ZF/Texaco invests US$2.1 billion to develop technologies such as driver assistance
ZF CEOstefanSommer stated that the driver-assist safety system will be used for vehicles that will achieve autonomous driving in the future. After the merger is completed, the overall sales of the company's technology will increase by 15% to 25% on the current basis.
The investment plan has not yet defined more specific details, but Stefan Sommer said that driver assistance systems account for a very important proportion of investment, and it is expected that it "will become the fastest growing technology in all products."
ZF and TRW M & A will be completed in the second quarter of next year, when ZF's gearbox and chassis systems and other hardware will be combined with TRW's active/passive safety and steering technology software, and will be specific Regional joint R&D projects to share employee resources in North America and Europe.
StefanSommer stated that the main task of ZF next year is to integrate the company well with TRW and not consider continuing the acquisition. ZF will promote joint venture projects in some regions and propose that China's current market is mature for the development of joint venture projects.
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