Mother and son see 14 billion evaporate
World
November 29, 2018 07:00
hannover - Continental boss Georg Schaeffler and his mother Maria-Elisabeth Schaeffler-Thumann saw their fortune evaporate 53 percent from 26 to 12 billion euros this year.
This was partly caused after the German tire and car parts manufacturer issued a profit warning because of extra costs and difficult operating conditions in Europe and Asia.
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