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Friedrichshafen. ZF Friedrichshafen AG accrues 100 million EUR in the fourth quarter of 2018 to cover a fine it believes the European Commission might impose after an investigation in the field of occupant safety systems for passenger cars. Such systems include for example seatbelts and airbags. The Commission’s investigation started in 2011 against TRW, a US based automotive supplier which was acquired by ZF in May 2015. Since then TRW has been fully integrated into the leading German technology company based in Friedrichshafen on Lake Constance. ZF has been cooperating with the EC investigation.
ZF Friedrichshafen AG believes that a decision of the European Commission could be issued in the first half of 2019.
Friedrichshafen. ZF Friedrichshafen AG accrues 100 million EUR in the fourth quarter of 2018 to cover a fine it believes the European Commission might impose after an investigation in the field of occupant safety systems for passenger cars. Such systems include for example seatbelts and airbags. The Commission’s investigation started in 2011 against TRW, a US based automotive supplier which was acquired by ZF in May 2015. Since then TRW has been fully integrated into the leading German technology company based in Friedrichshafen on Lake Constance. ZF has been cooperating with the EC investigation.
ZF Friedrichshafen AG believes that a decision of the European Commission could be issued in the first half of 2019.
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Thomas Wenzel
Director Global Corporate Communications
Christoph Horn
Senior Vice President Global Corporate and Marketing Communications