ZF's 2016 sales jump 20.6% to USD37 billion
Debt from the TRW acquisition was reduced by EUR1.6 billion
German auto component major ZF has reported a 20.6% year-on-year (y/y) jump in sales to EUR35.2 billion (USD37 billion) for the year ended 31 December 2016, the company announced in a press release on 30 March.
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