Tag: Continental

Industry Focus Areas, Motorized Vehicle

Chip supply crunch likely to hit Q1 auto output, industry groups says

December 8, 2020

Via: Automotive News

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 […]

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 Q3 profit drops 20% on auto slowdown

November 12, 2019

Via: Automotive News

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 […]

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 […]

Industry Focus Areas, Motorized Vehicle

Continental says AV revenues won’t be significant until 2030

March 7, 2019

Via: Automotive News

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 […]

Process, Production

More Rubber Meets Road: Continental Increases Forecast

August 4, 2016

Via: Industry Week

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 […]

Industry Focus Areas, Motorized Vehicle

Continental to build $1.4 billion tire plant in Mississippi

February 9, 2016

Via: Automotive News

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 […]