Thyssenkrupp taps 1 billion euro in state aid amid cash squeeze before elevator sale

FRANKFURT (Reuters) - Thyssenkrupp has secured about 1 billion euros (871.49 million pounds)of state aid to tide it over until it receives the money from the sale of its elevator division, two sources said on Thursday, the latest German company to tap government funding.The loan from state development bank KfW expires at the end of September, one of the sources close to the matter said, adding that the industrial conglomerate was suffering from slow demand for auto parts after carmakers shut..