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No Marriage Made in Heaven

The Continental/Schaeffler situation just keeps getting uglier.

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Word comes now that Schaeffler Group, angered because Continental AG insists it wait until spring to gain four seats on the supervisory board, now wants to force out board chairman Hubertus von Gruenberg.

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Handelsblatt reported that Von Gruenberg wants a “leading role” for Continental within the merged company, an effort that Schaeffler CEO Juergen Geissinger is apparently trying to thwart. (Tire Review/Akron)

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