Hon Hai to acquire 50% of Germany-based ZF's axle system subsidiary

Taiwan-based manufacturing giant Hon Hai Precision Industry Co. has agreed to acquire a 50 percent stake in a passenger-car axle system subsidiary of ZF Friedrichshafen AG, a move aimed at capitalizing on opportunities in the automotive supply chain.

(Full text of the story is now in CNA English news archive. To view the full story, you will need to be a subscribed member of the CNA archive. To subscribe, please read here.)