Bosch to convert ZF Lenksysteme into wholly-owned subsidiary  [ Germany ]

Bosch is planning to increase its stake in ZF Lenksysteme GmbH (ZFLS) to 100 percent. Robert Bosch GmbH and ZF Friedrichshafen AG signed an agreement to this effect. Up to now, ZFLS, based in Schwabisch Gmund, Germany has been a 50:50 joint venture between Bosch and ZF. Employing more than 13,000 associates in eight countries, ZFLS develops, produces, and sells steering systems for passenger ca...