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AMS Comments On Osram Licht JV With Continental AG
Continental Invests In Production Systems For Agricultural Industry
Continental AG Could Delay Powertrain Unit IPO - CFO
Continental AG is an automotive supplier. The Company's segments include Chassis & Safety, Powertrain, Interior, Tires, ContiTech and Other/consolidation. The Chassis & Safety division develops, produces and markets intelligent systems. The Chassis & Safety division consists of four business units: Vehicle Dynamics, Hydraulic Brake Systems, Passive Safety & Sensorics, and Advanced Driver Assistance Systems. The Powertrain division integrates system solutions for the powertrains in vehicles of all classes. Interior division provides information management in vehicles and develops and produces information, communication and network solutions. Tires division offers safety through short braking distances and grip, as well as reducing fuel consumption. ContiTech division develops, manufactures and markets products for machine and plant engineering, mining, the automotive industry and other important industries.
Vahrenwalder Strasse 9
Independent Chairman of the Supervisory Board
Chairman of the Executive Board, Chief Executive Officer
Vice Chairman of the Supervisory Board, Employee Representative
Member of the Executive Board for Finance, Controlling, Compliance, Law and IT
Member of the Executive Board, Human Relations, Director of Labor Relations, Sustainability
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* Sees gross savings of 500 million euros a year from 2023 (Updates with details)
German automotive supplier Continental AG on Wednesday announced a raft of measures that include job cuts and plant closures following a review of its strategy.
German automotive supplier Continental AG <CONG.DE> aims to decide on measures to improve productivity by the end of the year, CEO Elmar Degenhart said on Tuesday.
* Continental to pursue separate listing without selling new shares
Auto supplier Continental on Monday said it would prepare a spin-off of its powertrain division as an alternative to a potential partial listing of the unit.
Continental <CONG.DE> is examining whether to shut plants, including in Germany, as part of its restructuring, a spokesman for the company said on Friday after a newspaper reported that nine plants in its powertrain unit could be closed.
Germany's Continental said on Wednesday it was considering relocating some of its production due to the U.S.-China trade conflict.
* Co to discuss cuts with labour representatives - CEO (Adds more details, quotes)
Continental AG, Europe's largest listed automotive supplier by revenues, said it was seeking to cut costs after its net profit dropped 41% year-on-year in the second quarter.
A slowing auto sector prompted profit warnings from supplier Continental <CONG.DE> and paint systems producer Duerr <DUEG.DE> late on Monday.
Continental AG will push back the spin-off of its powertrain division until next year, the company said on Friday, when it reported a 17 percent drop in first-quarter operating profit, hit by a downturn in car demand and higher investments.
Continental AG said on Friday it was pushing back the spin-off of its powertrain division to next year as it reported a 17 percent drop in first-quarter operating profit, hit by a downturn in car demand and higher investments.
Auto supplier Continental AG's operating profit fell 12 percent last year, hit by an auto industry downturn and higher investments, but it pledged to press ahead with a listing of its powertrain business despite a subdued start to 2019.
Revenues from autonomous driving will not ramp up until 2030 and beyond, the chief executive of German auto supplier Continental AG said on Thursday.
Auto supplier Continental AG's operating profit fell 12 percent last year, hit by a downturn in demand for cars and higher investments, the company said on Thursday, but pledged to press ahead with a listing of its powertrain business despite a subdued start to 2019.
* Shares rebound after initially falling 2.2 pct (Adds CFO comment)
German automotive supplier Continental AG on Monday forecast falling operating margins in 2019, pointing to changes and volatility in the car industry.
German auto supplier Continental AG reaffirmed its outlook for a margin decline in 2018, citing warranty claims and weaker auto production in China and Europe.
German auto supplier Continental AG said on Thursday it would invest more than 52 million euros ($59 million) in a new plant in Mexico.
Continental said on Tuesday it had hired Dirk Abendroth, a former BMW executive now employed at Chinese carmaker Byton, to become chief technology officer at the German auto supplier's Automotive division.
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