Continental AG (CONG.DE)
Tue, Apr 25 2017
BERLIN/FRANKFURT Car components maker Continental AG is set to invest an extra 300 million euros ($326 million) in electric drives by 2021 but also remains committed to its combustion-based powertrain business, the company said on Tuesday.
* Sees Powertrain revenues growing to 10 bln euros in 2019 (Adds analyst comment, detail and shares.)
FRANKFURT, April 25 Continental AG said it planned to invest an additional 300 million euros ($326 million) on electric drives by 2021 while reducing spending on mechanical and hydraulic engine parts as demand for combustion engines declines.
HAMBURG, April 20 Continental AG will announce in a few days plans to restructure its Powertrain division, ahead of the German automotive supplier's annual shareholders' meeting on April 28, a person familiar with the matter said.
FRANKFURT, April 19 German automotive supplier Continental AG and a unit of China Unicom have agreed to set up a joint venture in China to offer intelligent transport systems, such as vehicle data services and connected vehicle software.
BERLIN Germany's Continental AG has reinforced expectations for higher sales this year and plans to raise the dividend after posting profit near the high end of expectations.
* To raise dividend to 4.25 eur per share from 3.75 eur (Adds detail and background)
BERLIN, March 2 Germany's Continental AG has reinforced expectations for higher sales this year and plans to raise the dividend after posting profit near the high end of expectations.
* Says Continental employees share company's success to tune of 150 million euros
* Continental and Caterpillar Inc. have signed an agreement to equip CAT Off-Highway-Trucks (model series 770 to 775) with Continental RDT-Master tires in sizes 18.00R33, 21.00R33 and 24.00R35 Source text - http://bit.ly/2kYD3eV Further company coverage: (Gdynia Newsroom)