Continental CEO asked to resign -source

Newswire

HANOVER, Germany, July 30 (Reuters) - Continental Chief Executive Karl-Thomas Neumann was asked to agree to resign from his post, a supervisory board member told Reuters on Thursday. Neumann had recently criticised Schaeffler in a letter addressed to the German ball-bearings maker's owners and chief executive for blocking his attempts to integrate the two heavily indebted German auto part suppliers. (Reporting by Arno Schuetze)

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