Continental AG names new head of China ops

FRANKFURT Fri May 17, 2013 4:15am EDT

FRANKFURT May 17 (Reuters) - German automotive supplier Continental AG named Ralf Cramer to head its operations in China, which it sees as the main driver of its growing business in Asia.

The tyre and car parts maker currently gets around 18 percent of its sales from Asia and wants to increase this proportion to more than 30 percent.

Cramer, 47, has been a member of Continental's management board since 2009 and oversees the company's Chassis & Safety business.

Continental said on Friday his successor would be appointed and announced at a later point in time. (Reporting by Maria Sheahan)


After wave of QE, onus shifts to leaders to boost economy

DAVOS, Switzerland - Central banks have done their best to rescue the world economy by printing money and politicians must now act fast to enact structural reforms and pro-investment policies to boost growth, central bankers said on Saturday.