Merkel welcomes Continental purchase of VDO -paper

Newswire

BERLIN, July 26 (Reuters) - German Chancellor Angela Merkel has welcomed car parts maker Continental AG's purchase of Siemens's auto electronics unit VDO, saying it will boost the German auto industry, a newspaper reported on Thursday. "The chancellor welcomes the decision," the Hannoversche Allgemeine Zeitung quoted Merkel's deputy spokesman, Thomas Steg, as saying. "The takeover by Continental will strengthen the German car industry," Steg told the paper, adding that "there was no ...

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