ZF and BMW have entered into a multi-billion euro agreement for the supply of 8-speed automatic transmissions. The contract is set to extend until the late 2030s, ensuring a long-term partnership between the two companies.
The deal highlights BMW’s continued reliance on ZF’s transmission technology for its vehicles. It also provides ZF with a stable revenue stream over the coming decade.
**Why this matters**
This agreement secures a critical component supply for BMW’s future models, supporting their production plans. For ZF, it represents a significant commitment from a major automotive manufacturer, reinforcing its position in the transmission market.
Source: NewsData