Germany's ZF to cut costs even more if car production declines, says CFO
"We are below our projections," the CFO said in an interview published on Thursday, and there are indications that even fewer cars will be produced worldwide in the second half of the year.
"Of course, ZF will then have to take additional cost-cutting measures," he added.
ZF, which helps automakers develop gearboxes and hybrid drivetrains, has been grappling with falling sales and profits driven by weak demand and high costs associated with the shift to electric vehicles.
Apart from tariffs, Europe's auto sector faces multiple hurdles, including high production costs, falling demand, rising competition from China and the shift to electric vehicles.
As part of its ongoing restructuring efforts, ZF plans to cut up to 14,000 jobs in Germany by 2028, which would amount to one in four jobs.
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The Independent
41 minutes ago
- The Independent
F1 live streams: Link to watch Belgian Grand Prix sprint race online
F1 returns after a three-week mid-season break for the Belgian Grand Prix at the famous Spa-Francorchamps circuit - and the third sprint weekend of the 2025 season. Lando Norris won his home race last time out at the British Grand Prix, capitalising on teammate Oscar Piastri 's penalty to claim his second victory in a row. Piastri's lead in the world championship is now just eight points at the halfway stage of the season. Nico Hulkenberg secured his first-ever podium in F1 at Silverstone, while Lewis Hamilton once again finished fourth as he continues to chase a first podium in Ferrari red. Hamilton won last year's race at Spa-Francorchamps after George Russell was disqualified. This weekend's race will also be the first since Christian Horner's dismissal at Red Bull, with Laurent Mekies taking charge for the first time. When is the Belgian Grand Prix? All times BST Saturday 26 July Sprint race: 11am Qualifying: 3pm Sunday 27 July Race: 2pm How can I watch it online and on TV? The Belgian Grand Prix will be broadcast live on Sky Sports in the United Kingdom - and ESPN in the United States. Sky's coverage of Sunday's race starts at 12:30pm (BST). Sky Sports subscribers can watch all the action at Spa-Francorchamps on the Sky Go app. If you're not a Sky customer, you can grab a NOWTV Day Pass here to watch without a subscription. If you're travelling abroad and want to watch the Belgian Grand Prix then you might need a VPN to unblock your streaming app. Our VPN roundup is here to help. F1 driver standings 1. Oscar Piastri (McLaren) – 234 points 2. Lando Norris (McLaren) – 226 points 3. Max Verstappen (Red Bull) – 165 points 4. George Russell (Mercedes) – 147 points 5. Charles Leclerc (Ferrari) – 119 points 6. Lewis Hamilton (Ferrari) – 103 points 7. Kimi Antonelli (Mercedes) – 63 points 8. Alex Albon (Williams) – 46 points 9. Nico Hulkenberg (Sauber) - 37 points 10. Esteban Ocon (Haas) – 23 points 12. Isack Hadjar (Racing Bulls) – 21 points 12. Lance Stroll (Aston Martin) – 20 points 13. Pierre Gasly (Alpine) – 19 points 14. Fernando Alonso (Aston Martin) – 16 points 15. Carlos Sainz (Williams) – 13 points 16. Liam Lawson (Racing Bulls) – 12 points 17. Yuki Tsunoda (Red Bull) – 10 points 18. Ollie Bearman (Haas) – 6 points 19. Gabriel Bortoleto (Sauber) – 4 points 20. Franco Colapinto (Alpine) – 0 points 21. Jack Doohan (Alpine) – 0 points F1 constructor standings 1. McLaren - 460 points 2. Ferrari - 222 points 3. Mercedes - 210 points 4. Red Bull - 172 points 5. Williams - 59 points 6. Sauber - 41 points 7. Racing Bulls - 36 points 8. Aston Martin - 36 points 9. Haas - 29 points 10. Alpine - 19 points 2025 F1 CALENDAR IN FULL: ROUND 13 - BELGIUM (sprint weekend) Circuit de Spa-Francorchamps - 25-27 July ROUND 14 - HUNGARY Hungaroring, Budapest - 1-3 August ROUND 15 - NETHERLANDS Circuit Zandvoort - 29-31 August ROUND 16 - ITALY Monza Circuit - 5-7 September ROUND 17 - AZERBAIJAN Baku City Circuit - 19-21 September ROUND 18 - SINGAPORE Marina Bay Street Circuit - 3-5 October ROUND 19 - UNITED STATES (sprint weekend) Circuit of the Americas, Austin - 17-19 October ROUND 20 - MEXICO Autodromo Hermanos Rodriguez, Mexico City - 24-26 October ROUND 21 - BRAZIL (sprint weekend) Interlagos Circuit, Sao Paulo - 7-9 November ROUND 22 - LAS VEGAS Las Vegas Street Circuit - 20-22 November ROUND 23 - QATAR (sprint weekend) Lusail International Circuit, Lusail - 28-30 November
Telegraph
42 minutes ago
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The alternatives to Amex that offer better rewards
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42 minutes ago
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Live F1 Belgian Grand Prix sprint race: latest updates from Spa
Good morning Welcome to our live coverage for the sprint race for the 2025 Belgian Grand Prix from Spa-Francorchamps. Yesterday's sprint qualifying produced perhaps an expected result when it came to pole position, but there were a few other surprises further down the grid. Oscar Piastri, the championship leader, dominated and was nearly half a second than the next fastest driver. That, though, was not his McLaren team-mate and title rival Lando Norris but Max Verstappen of Red Bull. Norris was in third but more than 0.6sec down on Piastri, a large margin even taking into account that the track here is a long one. Norris did not seem to be too upset with his lap. Of course he said he knew he needed to find some pace but given the lap came after just an hour of practice there is plenty of time for him to dial himself in. Winning the grand prix is far more important than winning the race. He, for once, did not appear to down on himself. Lewis Hamilton, driving the upgraded Ferrari, had a poor session. He spun at the final chicane on his second run in SQ1 which meant he was eliminated. He will start the sprint race from way down in 18th place, just one place behind Nico Hulkenberg... who also finished one spot ahead of him at the British Grand Prix. It is a long way back from there to score points. It's not impossible but looks very unlikely. George Russell, too, has a battle (though nowhere near as large) to get into the points after qualifying 18th. There were a few other surprises, too, with Alexander Albon out in SQ1 as well as Kimi Antonelli for Mercedes. The young Italian has had some fine moments this year but there have been too many low points which mean that he is not really living up to the hype around him. There is still time, but yesterday was a difficult day. The sprint race starts at 11am BST and then it's qualifying later this afternoon at 3pm. We will be here for all of the build-up, live updates and reaction from both of those session.
