Continental AG (CONG.DE) Key Developments | Reuters.com
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Continental AG (CONG.DE)

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Latest Key Developments (Source: Significant Developments)

Continental AG raises FY 2016 outlook
Friday, 29 Apr 2016 02:30am EDT 

Continental AG:Is now targeting adjusted operating margin of around 11 percent versus previous guidance for more than 10.5 percent for FY 2016.  Full Article

Continental AG - Bayerische Motoren Werke AG recalls 7 Series models due to air bag issue - Reuters News
Thursday, 14 Apr 2016 02:30pm EDT 

Continental AG:BMW AG is recalling its new flagship 7-series luxury limousine due to a potential air bag deployment issue, the company said on Thursday. - RTRS.Airbags in 26,000 cars produced before Dec. 11, 2015 may have a defective air bag control module, the company said, adding that there have been no known cases of faulty deployments."It is purely a precautionary measure," a BMW spokesman said, adding that so far 47,000 vehicles of its new 7-series have been produced.The supplier of the affected air bag parts to BMW was Continental AG CONG.DE. In a filing posted on the website of the National Highway Traffic Safety Administration on Thursday morning, BMW said the recall will affect 6,110 vehicles in the U.S. market.In the United States, affected vehicles are from the 2016 model year including 740Li, 750Li, and 750 Lxi.In Germany, 2,600 cars are impacted and in China 4,700 cars will be recalled, BMW said. In the United States, owners will receive letters in May about the recall. The fix, for which customers will not be charged, will take up to four hours at a dealership.  Full Article

Continental proposes dividend for 2015
Thursday, 3 Mar 2016 02:30am EST 

Continental AG:Raises its 2015 dividend by 15 percent to 3.75 euros per share.  Full Article

Continental plans new $1.4 bln truck tyre plant in Mississippi
Monday, 8 Feb 2016 07:00pm EST 

Continental AG:Plans new $1.4 billion truck tyre plant in Mississippi.Said it expected to break ground for the plant, which will employ about 2,500 people, in the next several months and start production by the end of 2019.  Full Article

Continental AG says 5 mln vehicles worldwide may have faulty air bags - Reuters
Thursday, 4 Feb 2016 04:54pm EST 

Continental AG:Continental Automotive Systems said on Thursday it supplied potentially defective air bag control units to 5 mln vehicles used by Honda, Fiat Chrysler, Mercedes-Benz, and three other manufacturers built over a five-year period worldwide, widening an air bag safety crisis - RTRS.Continental Automotive, a unit of Continental AG, told the U.S. National Highway Traffic Safety Administration that electronic systems built from 2006 through 2010 and used in 5 mln vehicles may fail and air bags may not deploy in a crash or may inadvertently deploy without warning. - RTRS.Continental spokeswoman Mary Arraf said the recall involved between 1.5 mln and 2 mln vehicles in the United States.Honda Motor Co said it is recalling 341,000 Accord models from 2008-2010 to replace control units linked to failures in Continental systems. At least two injuries are attributed to the defect. - RTRS.Fiat Chrysler said it is recalling 112,000 U.S. vehicles for the same issue, including the 2009 Dodge Journey, 2008-2009 Dodge Grand Caravan and Chrysler Town and Country and 2009 Volkswagen Routan that it had assembled for the German automaker. - RTRS.Mazda was aware of Continental's recall and investigating and VW did not know how many Chrysler-built Routan minivans are involved, according to company spokespeople - RTRS.  Full Article

Continental AG to localise safety tech production in India
Wednesday, 20 Jan 2016 07:00pm EST 

Continental AG:Announces localisation of driving safety technologies ABS and ESC production in India‍​.Passenger car ABS and ESC will be produced locally at the Continental Automotive Brake Systems plant in Gurgaon, Haryana.Says delivery of first localized ABS/ESC products by end of 2016.  Full Article

Continental AG issues FY 2016 outlook in line with analysts' estimates
Monday, 11 Jan 2016 02:30am EST 

Continental AG:Says expects for 2016 targeted increase in sales of around 5 percent to about 41 billion euros.Says aims to maintain adjusted EBIT margin again at more than 10.5 pct.FY 2016 revenue 41,399 million euros - Thomson Reuters I/B/E/S.FY 2016 EBIT margin 11.2 pct - Thomson Reuters I/B/E/S.  Full Article

Continental places eurobond with a nominal amount of 500 million euros - Reuters
Friday, 13 Nov 2015 02:36am EST 

Continental AG:Successfully placed a eurobond with a nominal amount of 500 million euros - Reuters.Bond has term of 3 years and 3 months, fixed interest rate of 0.5 percent.  Full Article

Continental AG buys German sleeve and roller maker
Tuesday, 4 Aug 2015 08:00pm EDT 

Continental AG:Acquisition of sleeve and roller manufacturer TEGU Walzen und Sleeves GmbH.All employees at Waltershausen location retained.  Full Article

Continental raises FY 2015 earnings forecast
Tuesday, 4 Aug 2015 02:30am EDT 

Continental AG:Increases FY 2015 forecast for adjusted EBIT margin to around 11 pct.  Full Article

BRIEF-Allerthal-Werke issues tender offer to shareholders of Esterer AG

* Said on Monday announces voluntary public tender offer to the shareholders of Esterer AG