Bosch is planning to increase its stake in ZF Lenksysteme GmbH (ZFLS) to 100 percent. On Sept. 15, Robert Bosch GmbH and ZF Friedrichshafen AG signed an agreement to this effect. Purchase price will not be disclosed, the two companies stated.

ZF's advanced driveline and chassis technology and steering systems made by ZF Lenksysteme GmbH are still in great demand among Hungarian urban public transport authorities: In a total of 172 new vehicles for the cities of Budapest and Pécs, the technology company's commercial vehicle components will contribute to reducing fuel consumption and CO2 emissions and increasing cost-effectiveness and comfort for driver and passengers. At the center of attention is the fuel-saving, low-noise ZF-EcoLife automatic transmission.

ZF Services, the international aftersales specialist of ZF Friedrichshafen AG, and ZF Lenksysteme GmbH – a 50/50 joint venture between ZF and Robert Bosch GmbH – are restructuring their collaborative efforts. As of 2014, ZF Services will assume the responsibility for the international IAM business for steering gears, steering pumps and steering columns. ZF Lenksysteme GmbH will focus on its core competencies of production and remanufacturing. Starting in 2014, the complete product portfolio will be sold by ZF Services under the new ZF Lenksysteme brand.