ZF announces layoffs as auto part imports start to show wear June 2, 2020 Auto component maker ZF has announced a significant cost cutting program, centered in Germany, after sales ground to a halt due to the COVID-19 crisis. The firm’s CEO, Wolf-Henning Schneider, has indicated it could take two years for sales to recover. ZF’s U.S. seaborne imports of axles and br... Read more →