Back to home page / Empty
Schaeffler Group Says It’s Seeking Outside Investor to Cut Debt
08.02.2009 19:48
 

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.

 
what is this?
 
print version
 
 
 
 
 
News List
Frenchman Luis Fernandez named coach of the Israel national team
 
President Saakashvili awards Ganira Pashayeva with title of Honorary Citizen of Georgia (photo)
 
US House convenes ahead of critical health care vote
 
Sarkozy suffers heavy defeat in regional elections
 
Suspected US drone strikes kill eight in north-west Pakistan
 
Two new gas deposits discovered in Uzbekistan
 
Man Utd back on top after win over Liverpool
 
AC Milan draw with Napoli, stay one point behind Inter
 
Forced sterilization scare feeds on Uzbek distrust
 
Iran parliament may accede to president on subsidies
 
Iraqi president demands recount in tight election
 
US actions contrary to desire for better ties-Iran
 
Israel launches economic plan for Israeli Arab towns
 
Iraqi government-allied militia leader assassinated
 
India test fires BrahMos supersonic cruise missile
 
Egypt destroys tunnel under Gaza border in bid to curb smugglers
 
Merkel to repeat offer to Turkey of EU "privileged partnership"
 
Obama invites Netanyahu to White House meeting
 
GM Daewoo plans to recall 60,000 vehicles
 
Israeli soldiers kill 2 Palestinians: report
 
Iraqi electoral commission says no cause for recount
 
East Jerusalem construction policy unchanged
 
10 Afghans killed in blast in Helmand province
 
Azerbaijani Embassy in Spain celebrates Novruz
 
UN chief pledges support for Gaza
 
Second Palestinian youth dies after shot in West Bank
 
Iraqi PM calls for response to recount demands
 
Azerbaijani-American Council extends its activities to Canada
 
Explosions rock Afghan New Year, kill 2 civilians
 
Bomb kills 2, wounds 12 in southwest Pakistan
 
Israel to delay new east Jerusalem construction
 
Militants kill 3 in Pakistan's tribal region
 
7 injured in SW Pakistan blast
 
3 killed after small planes collide over Florida
 
Volcano erupts near Eyjafjallajoekull in south Iceland
 
Philippine troops kill two communist rebels in clashes
 
Obama makes final appeal before Sunday's health care vote
 
Turks residing in Sweden, will hold a protest today
 
Newspaper publisher shot dead in Colombia
 
Israeli soldiers kill Palestinian in West Bank
 
Greece will not go bankrupt - George Papandreou
 
Obama repeats offer of dialogue with Iran
 
At least 32 dead in clashes in north-west Pakistan
 
Former Iraqi PM pulls ahead again in partial voting count
 
State service removes from sale 760kg of expired products
 
Annual Turkish-American conference cancelled
 
State Committee: Delimitation of border with Russia to be discussed in Azerbaijan
 
Deputy Speaker: After visiting region OSCE PA delegation identified Azerbaijan’s role in region and world
 
UN chief says proximity talks not to substitute direct negotiations
 
Turkish PM: Statement in London on deportation of illegal Armenians from Turkey intended to attract international community’s attention
 
Lebanon charges 4 with spying for Israel
 
Finance Minister: No need to review public budget
 
UN Chief in Ramallah: Settlements undermine peace efforts
 
Nepali former PM passes away
 
Foreign Ministry: Azerbaijan prepared to sign with Armenia an agreement on non-use of force, but only after deoccupation of Azerbaijani lands (UPDATED)
 
Azerbaijani president attends Nowruz festivities in Baku (UPDATED)
 
Uzbekistan plans to reconstruct all earthquake detection stations by 2015
 
Deputy Speaker: Azerbaijani, Armenian MPs probable to meet
 
All news
 
MOST READ
Azerbaijani FM hails adoption of updated Madrid principles by Yerevan
 
Egyptian President appoints new Sheikh for Al-Azhar University
 
Azerbaijani embassy in Uzbekistan marks Novruz holiday
 
Israeli official protests Washington Post publication
 
Turkish FM not rules out possible resolving of Armenia-Azerbaijan conflict
 
Experts: Preparedness to exchange 1,200 kg uranium is next tactical game of Iran
 
Azerbaijani Federation in Sweden to hold protest action due to false "Armenian genocide"
 
Ethnic tolerance prevails in multinational Kazakhstan
 
Trend Photo
VIEWPOINT
President’s Assistant: Azerbaijani army is able to fulfil all tasks
 
Azerbaijani FM hails adoption of updated Madrid principles by Yerevan
 
Expert: White House will prevent the adoption of resolution on genocide
 
Ambassador: In 2010 Austria will open embassy only in Azerbaijan (INTERVIEW)
 
SOCAR VP: Environmental protection is responsibility of every Azerbaijani citizen (INTERVIEW)
 
Time to reconsider: The limits of Karabakh
 
Head of parliamentary committee: U.S. Department of State still does not recognize development of democratic institutions in Azerbaijan
 
European expert: 'Armenian genocide' to strike severe blow to Swedish economy