ZF Sachs AG manufactures and wholesales automotive and bicycle components. It develops components, modules and systems for passenger vehicles, trucks and high-speed trains. It offers power train components, including clutch systems, power train automation, torque converters, electric propulsion systems, suspension components, shock absorbers, ride-height control systems and semi-active and active suspension systems for passenger cars, commercial vehicles, buses, off road vehicles, motor cycles, after market and racing vehicles. The company also provides damping systems for passenger and commercial vehicles, formula one cars and rolling stock. The company was founded in 1895 and is headquartered in Schweinfurt, Germany.