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Automakers

Continental buys Siemens VDO for $15.66 billion

Continental AG will buy Siemens' automotive unit VDO
DJ
By:
Dale Jewett
July 25, 2007 05:00 AM

In the largest acquisition in the history of auto suppliers, Siemens AG said today it will sell its Siemens VDO Automotive parts unit to German rival Continental AG for $15.66 billion, or 11.4 billion euros.

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