ZF Realigns Activities
At the beginning of 2011, ZF Friedrichshafen AG will realign its business activities and adapt its structures to better meet the requirements of the market and the customers. To this end, the previous five divisions will be reclassified in a four-division model: Powertrain Technology, Chassis Technology, Commercial Vehicle Technology and Industrial Technology. Read more
Siemens Selects TI Best Supplier Worldwide
Siemens AG has honored its best suppliers worldwide in fiscal 2010. The four awards are shared between two major concerns and two mid-sized companies. The U.S. company Texas Instruments took first place in the overall ranking. In addition, Siemens selected the Trips Group Germany as the most innovative supplier, Franke GmbH with headquarters in Aalen, Germany, as the best in the Global Value Sourcing category and Deutsche Post DHL as the most sustainable supplier. Read more
Purchasing Managers’ Index Loses 3 Points
Signs of a slowdown in the German manufacturing sector were more prominent in September, with output and new business growth both easing sharply since the previous month. Consequently, the seasonally adjusted Markit/BME Germany Purchasing Managers’ Index (PMI) declined to 55.1 from 58.2 in August. Read more
