Maria-Elisabeth Schaeffler, chairman of

Maria-Elisabeth Schaeffler, chairman of the troubled German auto parts maker Schaeffler (C) and her son Georg Schaeffler, take their seats on April 23, 2009 in Hanover, northern Germany, ahead of annual general meeting of German auto parts group Continental. At the same time several thousand French and German workers of the German auto parts group Continental demonstrate outside the headquarters to denounce the closure of the plants of Hanover and Clairoix, France. Schaeffler took over its much bigger counterpart Continental last year but now finds itself crushed under heavy debt contracted to carry out the deal. It announced in March it would put 20,000 employees on short-time work. AFP PHOTO DDP/ NIGEL TREBLIN GERMANY OUT (Photo credit should read NIGEL TREBLIN/DDP/AFP via Getty Images)