Auto Industry
Industry: Email Alert RSS FeedWith merger final, Conti must shrink.(Suppliers)(Continental AG)(Brief article)
Automotive News, December, 2007 by Wortham, April
Byline: April Wortham
Continental AG effectively doubled the size of its automotive business last week with the $16.71 billion acquisition of German rival Siemens VDO Automotive Corp. Now the question for the world's fifth-largest parts supplier is how to get smaller - fast.
Continental executives say it will be two to three months before any key decisions are made on how to integrate VDO. They expect to complete the process by the end of 2008.
But with the antitrust curtains pulled back and VDO's books now open, Continental immediately set to work comparing cost structures, manufacturing footprints, technology and development areas, says North American CEO William Kozyra.
"We need to very quickly figure out where we can achieve...
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