ZF takes majority stake in Rane TRW Steering Systems joint venture

ZF increased its stake to 51% in the Rane TRW Steering Systems joint venture, acquiring 1% from Rane Group. The joint venture will be renamed ZF Rane Automotive India.

“ZF on Wednesday announced that it has increased its shares to become the majority shareholder with 51% in the Rane TRW Steering Systems joint venture from the Rane Group.”auto.economictimes.indiatimes.com

• 1 source
• auto.economictimes.indiatimes.comZF And Rane TRW Steering Systems JV: ZF takes controlling stake in JV with Rane Group, ETAutoDec 29, 2021

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