Two-thirds of VDO integration costs seen in 2008

Newswire

HANOVER, Germany, Feb 21 (Reuters) - Germany's Continental , the world's fifth-largest automotive parts supplier, expects that roughly two-thirds of the integration costs from its Siemens VDO acquisition will be booked in 2008, it said on Thursday. The remainder of the sum, estimated by management to be in the lower hundreds of millions of euros in total, will come in the following year. The company declined to specify further what the ceiling would likely be in terms of costs though. ...

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