Siemens VDO is a unit of Germany’s Siemens AG. A Continental spokesman told AFX that the tire and automotive system giant is “available for talks” with Siemens but that it is up to Siemens.
“We do not pressure anyone,” the spokesman said. Continental has made it well known that it is interested in acquiring other automotive-based companies, and has been considering Goodyear’s engineered products unit as well as parts of Delphi.