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Continental CFO Says We Expect That Nothing Will Stand In Way Of Vitesco Spin-Off Next Year
Continental Sees 2020 Group Sales Around 37.5 Bln Eur
Continental Says Announces Minority Investment In Lidar Pioneer Aeye Inc
Continental AG is a Germany-based company engaged in the automotive sector. 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 develops, produces and markets intelligent systems to improve driving safety and vehicle dynamics. The Powertrain division integrates system solutions for the powertrains in vehicles of all classes. The Interior division provides information management in vehicles, and develops and produces information, communication and network solutions. The Tires division offers safety through short braking distances and grip, as well as reducing fuel consumption. The ContiTech division develops, manufactures and markets products for machine and plant engineering, mining, the automotive industry and other important industries.
Vahrenwalder Strasse 9
Chairman of the Executive Board, Chief Executive Officer
Vice Chairman of the Supervisory Board, Employee Representative
Member of the Executive Board, Human Relations, Director of Labor Relations, Sustainability
Member of the Executive Board, Head of Chassis and Safety Division
Member of the Executive Board, Head of ContiTech Division
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German auto supplier Continental AG said on Thursday its chief executive of the past 11 years, Elmar Degenhart, will step down from Nov. 30 due to health issues.
German auto supplier Continental AG announced on Thursday its chief executive of the last 11 years, Elmar Degenhart, is stepping down from Nov. 30 due to health issues.
German auto supplier Continental AG <CONG.DE> said on Tuesday it is buying a minority stake in California lidar startup Aeye Inc to strengthen its position in the market for automated driving systems.
German auto supplier Continental AG on Tuesday agreed to acquire a minority stake in California lidar startup AEye to use the relatively young technology in autonomous passenger and commercial vehicles.
Germany's Continental, the world's third-biggest auto parts supplier, played a big part in the Nazi's armaments and war economy, using forced labourers to make products such as gas masks, a study presented by the company showed on Thursday.
German auto parts supplier Continental AG said it expected worldwide vehicle production to decline up to 20% in the current quarter year-on-year and could not give a detailed 2020 guidance due to the impact of the coronavirus pandemic.
German auto supplier Continental on Wednesday said it would pare back its engine manufacturing activities as more stringent emissions rules threaten demand for combustion engine components, resulting in around 5,040 job losses by 2028.
Continental <CONG.DE> said on Tuesday that slower automobile production growth over the next five years had forced the car parts maker to book a 2.5 billion euro ($2.8 billion) impairment.
German engineering group Continental <CONG.DE> reported a 5.6% adjusted EBIT margin in the third quarter, citing one-off restructuring costs, but it confirmed its 2019 outlook.
German auto supplier Continental on Tuesday said it will seek to list its powertrain division Vitesco Technologies without the option of retaining a minority stake.
German automotive supplier Continental AG <CONG.DE> on Wednesday said it would cut jobs and close plants over the next 10 years as it faces a slowing global auto sector.
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.
Auto supplier Continental <CONG.DE> on Monday said it would prepare a spin-off of its Powertrain division as an alternative to a listing, giving the German company additional options for separating the unit amid worsening market conditions.
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.
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