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Article: Conti is in position to create megasupplier; Fusion of German partsmaker with Siemens VDO would challenge Bosch for No. 1.(Continental Automotive Systems)(Siemens VDO Automotive AG)
- Article from:
- Automotive News Europe
- Article date:
- February 5, 2007
- Author:
CopyrightCOPYRIGHT 2007 Crain Communications, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: Jens Meiners, April Wortham
An acquisition by Continental of rival Siemens VDO Automotive would propel the combined group to the top tier of the global supplier industry.
According to estimates, a merged Continental/Siemens VDO would have combined 2006 sales of more than [euro]25 billion.
That compares with 2005 sales of [euro]26.3 billion at Robert Bosch, the world's largest automotive supplier.
Moreover, if the German suppliers merged, they would become the second-biggest supplier of parts to the European automotive industry.
Based on data compiled in US dollars by Automotive News Europe, Continental and Siemens VDO ...