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The magazine cited 1 financial source as declaring the process was at an early phase and may not bring about a deal.

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Volkswagen Main Executive Herbert Diess reported on Wednesday he expects the car field to find out popular autonomous driving in 25 decades and that the organization was pursuing new partnerships to enhance its self-sufficiency in application. read far more

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Schaeffler did not quickly reply to a ask for for remark. Manager Magazin’s short article didn't elaborate on why The bulk shareholder would item to your transfer.

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BERLIN (Reuters) – Continental is thinking about splitting into four separate enterprises to spice up its industry capitalisation but need to convince the vast majority shareholder Schaeffler with the prepare, Manager Magazin documented, sending Continental shares up 3.five%.

BERLIN (Reuters) – Continental is looking at splitting into four different organizations to spice up its industry capitalisation but must encourage majority shareholder Schaeffler with the system, Manager Magazin documented, sending Continental shares up three.5%.