Date: 2013-08-01

Schaeffler Reports Second-Quarter Net Income on Gain in Auto-Parts Sales

Schaeffler Group, the roller-bearing maker that aims to merge with Continental AG, reported a second- quarter profit in its first-ever financial report as record car sales in China and a resurgent U.S. market spurred demand.

Net income was 97 million euros ($125 million) compared with a loss of 203 million euros a year earlier, Schaeffler said today. The company is being

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