Financial Times FT.com

Schaeffler and Continental in regional aid talks

By Daniel Schäfer in Frankfurt

Published: January 25 2009 19:43 | Last updated: January 25 2009 19:43

Schaeffler and Continental are in talks with two regional governments about a possible state bail-out, as the German car parts makers struggle under a combined debt of €22bn ($29bn).

The governments of Lower Saxony and Bavaria are in talks with Conti and Schaeffler over state aid packages, bankers close to the two companies said.

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