Schaeffler Group, the auto-parts maker saddled with 11 billion euros ($14 billion) of debt from buying Continental AG, said it’s seeking an investor, Bloomberg reported.
"The Schaeffler family is willing to sell" parts of its business to reduce debt, Schaeffler Group’s Herzogenaurach-based owners Maria-Elisabeth Schaeffler and her son Georg Schaeffler said in an e-mailed statement today.
