Being German may be key to Continental getting VDO

Newswire

By Christiaan Hetzner

FRANKFURT, July 20 (Reuters) - Continental AG Chief Executive Manfred Wennemer will have to play the German card to get key support from German unions to buy conglomerate Siemens' automotive electronics unit VDO.

A deal would transform the German car parts group, eclipsing its 1998 Teves purchase that helped turn the world's No. 4 tyremaker into a leading ...

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