Struggling German auto supplier ZF says cost-cutting goal not yet met

NAMPA / DPA

2025-09-07

Berlin (dpa) - ZF Friedrichshafen chief executive Holger Klein said his struggling auto parts company has not yet achieved its self-imposed cost-cutting goals, despite progress. "We have reached around ?5.8 billion ($6.8 billion) and will close the gap by year-end, but it is clearly not enough," Klein told dpa. ZF had announced an initial ?6 billion savings target for 2024 and 2025, but he did not specify a new target. ZF recorded a loss of ?195......

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