Continental AG, Faurecia May Drive European Auto-Parts Deals

Continental AG, Faurecia May Drive European Auto-Parts Deals

Wolfgang von Brauchitsch/Bloomberg

Schaeffler, the Herzogenaurach, Germany-based supplier that controls about 75 percent of Continental and eventually plans to merge the two companies, may force asset sales at the tiremakerto help reduce Continental’s 8 billion euros of net debt as of June 30.