Continental AG rejects a takeover bid worth €11.2 billion ($17.9 billion) from smaller rival Schaeffler KG, saying the amount does not reflect the company’s full value. Continental says it is willing to support family-held Schaeffler taking up to 20% of the company, but Schaeffler insists on a controlling stake. Continental CEO Manfred Wennemer reportedly is mounting a defense against Schaeffler and has warned the takeover could ultimately dismantle Continental. But a Schaeffler spokesman ...

Premium Content (PAID Subscription Required)

"Printer-friendly" is part of the paid WardsAuto Premium content. You must log in with Premium credentials in order to access this article. Premium paid subscribers also gain access to:

  All of WardsAuto's reliable, in-depth industry reporting and analysis
  Hundreds of downloadable data tables including:
  •   Global sales and production data by country
  •   U.S. model-line inventory data
  •   Engine and equipment installation rates
  •   WardsAuto's North America Plant by Platform forecast
  •   Product Cycle chart
  •   Interrelationships among major OEMs
  •   Medium- and heavy-duty truck volumes
   •  Historical data and much more!

For pricing and subscription information please contact
Amber McLincha by email: or phone: (248) 799-2622

Current subscribers, please login or CLICK for support information.