December 7, 2018 / 3:05 PM / 5 days ago

ZF sees production of hybrid drivetrains rising to 50 pct from 5 pct

FRANKFURT, Dec 7 (Reuters) - Transmissions maker ZF Friedrichshafen on Friday said it will invest 800 million euros ($910 million over the next four years to upgrade its Saarbruecken plant to raise production of hybrid transmissions to 50 percent from five percent.

The Saarbruecken investment forms part of a 3 billion euro investment plan to upgrade ZF’s global factories, the Germany-based automotive supplier said. ($1 = 0.8784 euros) (Reporting by Edward Taylor Editing by Douglas Busvine)

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