The transformation of electric vehicles is slowing down, and the debt pressure of Continental is somewhat relieved.

The debt pressure of the ZF Group is being somewhat relieved because the pace of transformation to electric vehicles has slowed down, boosting the demand for key components such as transmissions. ZF Chief Financial Officer Michael Frick stated in an interview that the company is shifting its focus from prioritizing electric vehicles to also supplying components for pure electric, hybrid, and fuel vehicles, which will help improve the company's financial situation. This German component supplier, which supplies to Ford, Volkswagen, and BMW, has benefited from more favorable refinancing costs. "We have set a new strategic direction in drivetrain technology," Frick said. "We believe that the rise in interest rates and credit spreads over the past two years is only a temporary phenomenon."