ZF concluded the first half of 2021 with positive sales and earnings figures in contrast to the first half of 2020, which was significantly impacted by the COVID-19 pandemic, the company reported. In the spirit of moving forward, ZF's two commercial vehicle divisions are keeping their eyes on Jan. 1, 2022, to formally act as one unit, the combined Commercial Vehicle Solutions Division.
“Soon after the acquisition of Wabco, customers recognized us as a systems supplier for commercial vehicle technology whose product range offers them comprehensive solutions and advantages,” Wolf-Henning Scheider, CEO of ZF, said. “With the technologies combined in systems, we were able to secure a significant order volume that extends far into the future and encompasses both autonomous driving as well as fleet management and electromobility.”
ZF revealed that Wilhelm Rehm is to head its forthcoming new Commercial Vehicle Solutions Division. Rehm, member of the ZF board of management, will oversee the commercial vehicle business in addition to industrial technology and materials management.
“ZF’s Commercial Vehicle Solutions Division will be uniquely positioned to support the ambitions of truck, bus, coach and trailer OEMs, as well as fleets, worldwide,” explained Rehm. “With well-defined strategies to mobilize commercial vehicle intelligence, the Commercial Vehicle Solutions Division will be structured to maintain close proximity to customers in every region,” explained Rehm. “We believe this approach, combined with the breadth and depth of capability we can bring to innovate, supply and integrate onboard systems and technology, will offer new levels of benefit and value-enhancing synergies for customers.”
According to Rehm, bringing together ZF’s expertise and capabilities, the new division will further build on our combined technology successes.
“This includes the recent launch of OnGuardMAX, our most advanced autonomous emergency braking assistance system and ZF's first complete ‘in-house’ system integrating camera, radar, ECU and actuation for commercial vehicles,” added Rehm. “In line with ZF’s ‘Next Generation Mobility’ strategy, the division will also help ZF leapfrog towards market leadership in e-mobility, vehicle operating systems, autonomous driving, and digitalization.”