Continental AG (CONG.DE)
FRANKFURT 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.
FRANKFURT Revenues from autonomous driving will not ramp up until 2030 and beyond, the chief executive of German auto supplier Continental AG said on Thursday.
FRANKFURT, March 7 Revenues from autonomous driving will not ramp up until 2030 and beyond, the chief executive of German auto supplier Continental AG said on Thursday.
* Continental says business year had "subdued" start (Adds details on outlook, earnings)
FRANKFURT, March 7 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.
FRANKFURT Germany's top carmakers including BMW and Volkswagen are looking at ways to speed up development of the next generation of self-driving cars, possibly by even working together, as tech giant Google forges ahead with plans to mass produce such vehicles.
* BMW, VW say they remain open to self-driving tech alliances
* Shares rebound after initially falling 2.2 pct (Adds CFO comment)
FRANKFURT, Jan 14 German automotive supplier Continental AG on Monday forecast falling operating margins in 2019, pointing to changes and volatility in the car industry.
Nvidia Corp on Monday announced its Drive AutoPilot platform, with artificial intelligence technologies, that can enable the next level of self-driving cars by 2020, further strengthening its position in the industry.