> Industrial News > News   Continental Integrates with Siemens VDO   Continental AG has officially purchased Siemens VDO Automotive AG. The purchase plan was approved by the European Commission late in this November. According to the plan, Continental AG needs to pay Siemens AG 11.4 billion euros and another 1 billion euros for taxes and benefits. The operation of Siemens VDO Automotive AG after purchasing will be reflected on the balance sheet of Continental AG from December 2007, according to Continental AG. “Through win-win combination, we will make Continental AG one of the world-outstanding auto parts providers,” Manfred Wennemer, Chairman of the Board of Continental AG, said on December 5.   Time:2007-12-24 Source:NaviForum Shanghai News Center Relative