Tag: Continental production

Industry Focus Areas, Logistics, Motorized Vehicle, Process

Continental 2019 adjusted profit falls as vehicle demand slumps

March 5, 2020

Via: Automotive News

FRANKFURT/BERLIN — Continental said it would step up cost savings after posting a drop in adjusted profit and a 1.2 billion-euro ($1.3 billion) net loss in 2019 as worldwide vehicle demand slumped. Cost-cut plans will be presented in May because […]

Logistics, Process

Continental expects Q3 loss; powertrain spinoff slated for 2020

October 22, 2019

Via: Automotive News

FRANKFURT — Continental said on Tuesday that slower automobile production growth over the next five years had forced the supplier to book a 2.5 billion euro ($2.8 billion) impairment. The auto industry slowdown has already prompted profit warnings from various […]