Foxconn to take 50% stake in ZF axle system unit, Auto News, ET Auto
The joint venture agreement is expected to become effective within six to nine months of signing pending regulatory approvals.Taiwan's Foxconn will acquire a 50% stake in ZF Group's axle system assembly unit, creating a joint venture aimed at growing automotive and supply chain opportunities, the companies said on Monday.The deal, which values ZF Chassis Modules GmbH at 1 billion euros (USD 1.11 billion), will allow the companies to expand the range of product offerings!-->…