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Frankfurt Prosecutor Says Investigation Into Mitsubishi Started In November 2019
Continental Agrees On New Revolving Credit Line
Continental To Recognize Non-Cash Impairments And Restructuring Expenses In Q3
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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German auto supplier Continental <CONG.DE> 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.
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 (£2.2 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 <CONG.DE> said on Wednesday it was considering relocating some of its production due to the U.S.-China trade conflict.
Germany's Continental said on Wednesday it was considering relocating some of its production due to the U.S.-China trade conflict.
Continental AG <CONG.DE>, Europe's largest listed automotive supplier by revenues, said it was seeking deeper cost cuts after second-quarter net profit fell 41%, hit by lower vehicle demand in China and steep investments for electric and autonomous cars.
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 and paint systems producer Duerr 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.
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