Tag: Continental

December 8, 2020

A shortage of certain chips may start to have a big impact on vehicle production at some Chinese companies in the first quarter next year, a senior industry executive said on Tuesday, which may cast a shadow over the global […]

March 5, 2020

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 […]

November 12, 2019

FRANKFURT — Continental posted a 20 percent drop in adjusted operating profit in the third quarter. The German supplier reiterated that consolidated sales in the third quarter were about 11.1 billion euros ($12.2 billion) and its adjusted EBIT margin was […]

October 22, 2019

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 […]

March 7, 2019

FRANKFURT — Revenues from autonomous driving will not ramp up until 2030 and beyond, the CEO of German auto supplier Continental AG said on Thursday. “Until 2030, the market will be driven mainly by assistance systems. Significant revenues will only […]

August 4, 2016

Car parts supplier Continental upped its forecast for 2016 on Wednesday after strong performance in its tires business. CEO Elmar Degenhart said the group would target an adjusted operating profit of “over 11%”, where previously the target had been set […]

February 9, 2016

Continental AG’s decision to commit $1.4 billion for a truck/bus tire plant in Mississippi reflects the company’s belief that demand for its commercial tire products in North America will continue to grow at above market pace. Continental claims its commercial […]