Schaeffler Makes €3.6 Billion Vitesco Bid to Fill Gap

Schaeffler Makes €3.6 Billion Vitesco Bid to Fill Gap in EVs

(Bloomberg) -- Schaeffler AG is offering to buy Vitesco Technologies Group AG in a €3.64 billion ($3.8 billion) deal that would bolster the German ball-bearings maker’s presence in the electric-vehicle supply chain.Most Read from BloombergIsrael Latest: Army Stops Lebanon Incursion, Calls Up 300,000Israel Latest: Over 1,100 Dead; US Sends Warships to RegionSchumer Confronts Xi on Israel-Hamas Stance in Rare MeetingOil Surges as Israel Conflict Reignites Middle East VolatilitySchaeffler — whose b

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