Schaeffler sounds out 4 bln eur of govt aid-source

Newswire

HANOVER, Germany, Jan 28 (Reuters) - German ball-bearings maker Schaeffler has sounded out the possibility of a capital injection of up to 4 billion euros ($5.3 billion) from the German government, a person familiar with the matter told Reuters. "There was an informal inquiry by Schaeffler," the person said on Wednesday. Schaeffler and the German economy ministry declined to comment on the matter. Heavily indebted Schaeffler, which agreed with tyre maker Continental AG that it would ...

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