Continental to hire 1,500 new software developers image

Continental Ag., the German manufacturer of tires, brake systems, vehicle stability control systems and other parts for the automotive and transport industries is looking to boost its numbers of qualified software developers for future mobility.

More than 10,000 software developers currently work for the automotive supplier at locations around the globe. By 2015, this number will be at least 11,500.

According to Helmut Matschi, member of the Continental AG Executive Board, the quality of software functions in vehicles is a crucial value for Continental.

The German giant expects that the importance of software will keep increasing over the next few years.
In addition, Continental expects global auto production to rise 1 percent to 77 million vehicles this year.

2011 sales were 30.5 billion euros, and the company expects this to grow by another 5 percent to 32 billion euros in 2012.

The auto parts maker reduced net debt by more than 4 billion euros over the past four years to about 6.8 billion euros in 2011 and is aiming for less than 6.5 billion euros of net debt in 2012, it said.

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