Schaeffler Group opens a new manufacturing plant in Irapuato, Mexico, that is expected to initially employ 400 workers and produce rolling bearings and engine and chassis components. The facility’s production area spans 245,000 sq.-ft. (22,800 sq.-m), while the entire Schaeffler site in Irapuato covers about 850,000 sq.-ft. (79,000 sq.-m). Separately, Schaeffler reportedly may sell a stake in Continental AG to another investor as the financial crisis and slump in the auto industry are ...

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