BERLIN (Reuters) - Continental (CONG.DE) said its financial resources for acquisitions have increased on the back of growing earnings but it has no near-term plans for a large takeover deal.
“You should not expect me to give information soon about a big acquisition,” finance chief Wolfgang Schaefer said in an interview on Thursday.
“But of course the means we have at hand and the possibilities in general after a good year have grown a bit again,” he said, after the company reported a 3.5 percent gain in fourth-quarter adjusted earnings.
Separately, Schaefer said the auto parts and tyre maker would take a hit from possible U.S. tariffs on steel and aluminum imports as car prices in the U.S. would rise.
Reporting by Andreas Cremer and Jan Schwartz; Editing by Douglas Busvine