ZF Friedrichshafen AG, best known for its transmissions, has announced it is buying TRW Automotive Holdings, a major player in safety tech, as part of an approximately $12.4-billion cash deal ...

German supplier ZF Friedrichshafen AG plans to end use of the TRW name after completing the integration process of its $12.4 billion acquisition of Livonia-based TRW Automotive Inc. in May 2015.

ZF CEO Stefan Sommer said the local employee count for Livonia-based TRW should remain stable. The integration of the two companies is expected to last three to five years.

A London tribunal has dismissed Stellantis' €771m ($807.62m) lawsuit against two automotive safety equipment manufacturers, Autoliv and ZF/TRW. The lawsuit was filed over allegations of inflated ...