ZF Steering Services sold to Bosch will be finalized

According to reports, ZF approached an agreement to sell the steering business to Bosch , which would pave the way for the completion of the acquisition.

German reports, ZF employees disclosed that the company with geometric Bosch joint venture - ZF Steering Systems, Inc. (ZFLenksystemeGmbH) will be sold to Bosch reached an agreement in a few days. Neither Bosch nor ZF Steering Systems commented on the report.

ZF is proceeding with the acquisition of TRW Automotive. The transaction price may reach US$12 billion and the world’s second-largest auto parts giant will be formed after the purchase. However, the transaction needs to clear the legal obstacles in the steering system.

In 1999, ZF and Bosch formed ZF Steering Systems and had factories in eight countries. The total number of employees worldwide reached more than 13,000. In 2013, the operating income reached 4.11 billion euros (US$5.5 billion). The TRW Group also has a relatively large-scale steering system business. In 2013, its operating income in this area reached US$2.7 billion, accounting for 15.5% of its overall revenue.

In order to avoid the impediments of the EU antitrust agency and complete the acquisition of TRW, ZF needs to sell its shares in the ZF steering system.

Motor End Cover

The die casting process involves the use of a furnace, metal, die casting machine, and die.

The metal, typically a non-ferrous alloy such as aluminium or zinc, is melted in the furnace and then injected into the dies in the die casting machine. After the molten metal is injected into the dies, it rapidly cools and solidifies into the final part, called the casting parts.

The castings that are created in this process can vary greatly in size and weight, ranging from a couple of ounces to 100 pounds. One common application of die-cast parts are housings - thin-walled enclosures, often requiring many ribs and bosses on the interior.

Metal housings for a variety of appliances and equipment are often die cast.

Several automobile components are also manufactured using die casting, including pistons, cylinder heads, and engine blocks. Most home appliances also need lightweight and firm aluminum die casting parts, like bracket, heat dissipation module or structural support. Other common die cast parts include propellers, gears, bushings, pumps, and valves.

Motor End Cover,Washing Motor End Cover,Aluminum Engine Cover,Washing Machine Motor Cover

Ningbo Sunlee Electrical Technology Co. , Ltd. , https://www.sunleeelectric.com