But focusing on strengths also means finding solutions for areas in which we are not one of the strongest players in the market – or which do not have enough synergies with our core areas. We are looking for partners for these areas or preparing options including spin-offs or exiting technologies. We have entered into a pioneering cooperation with the semiconductor specialist Wolfspeed, while we have withdrawn from the autonomous shuttle business.

Finally, we optimize our organizational structure and focus on profitability in order to increase competitiveness, agility and resilience. In the car chassis area, we have formed a new division from two divisions, which now includes all dimensions of car driving dynamics.

Our key to success is the broadest product and technology portfolio on the market as well as the ability not only to deliver products but also to integrate them into our customers’ system landscapes and vehicle environment.

We are an international supplier in the commercial vehicle segment. We are also among the leading providers in industrial technology and are among the top 3 in the most important segments – such as construction and agricultural machinery, material handling, special vehicles and marine applications.

Our Aftermarket division is number 2 globally in the spare parts and service business – not only for cars, but also for trucks and buses or for construction and agricultural machinery. If you look at the spare parts market only in the commercial vehicle sector, we are actually number 1.

We are now number 1 in the world for chassis components in the passenger car segment and the technology leader in the ‘by-wire’ sector. We also hold leading positions in some areas of electromobility for cars and components for automated driving.

Our approach is to develop technologies and platforms once and use them across different product segments. We benefit from the fact that no other supplier covers as many mobility areas as ZF. As a core element of our strategy, this ability to transfer technology across vehicle segments brings us three key advantages:

In growth regions such as Asia-Pacific and North America, we want to expand our activities “locally for local” and further increase their share of sales. The goal is to benefit from the dynamism there and grow sustainably. We also see additional potential in new customer groups. These include, for example, the large number of new brands in the automotive sector, for example in China and the USA.