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Foxconn to acquire 50% stake in ZF Chassis Modules GmbH
ZF Friedrichshafen AG (ZF) announced that Hon Hai Technology Group (Foxconn) will acquire a 50% stake in ZF Chassis Modules GmbH (ZF Chassis), a unit of ZF Group which provides the passenger car axle systems assembly and has an enterprise value of approximately EUR 1 billion. This 50-50 partnership will leverage both....
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