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Continental wants focus on profit and expansion


The auto parts and tire company, which is Europe’s second biggest in both areas, has announced it aims to focus on the profitability of future acquisitions, as it aims to gain more independence from the auto industry. This February Continental decided to acquire from the Carlyle Group their Veyance Technologies subsidiary in a 1.4 billion euros ($1.92 billion) deal that seeks ...
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Continental AG to buy Veyance to expand beyond the auto business
The company, which is Europe’s second-largest auto parts maker and tiremaker has announced it struck a deal to buy Veyance Technologies Inc. – a maker of industrial hoses and conveyor ...
Continental sees rising sales in 2014
Continental AG, Europe’s second-largest auto parts maker, plans a fifth consecutive year of record sales after deliveries of parking-assistance and braking electronics helped revenue rise 1.7 % in 2013. The manufacturer, ...
South Korea fines auto parts makers Denso, Continental and Bosch
South Korea's anti-trust regulator has fined the units of Denso Corp, Continental AG and Bosch a total of 114.6 billion won ($107.99 million), saying they had fixed prices of parts ...
Continental raises its earnings forecast
Continental AG, Europe’s second-largest auto-parts maker, raised its full-year earnings forecast as growth in China and North America make up for the effects of the euro’s gains on currency markets. The ...
Continental Extends CEO Elmar Degenhart Contract Until August 2019
Continental announced it has extended the contract for CEO Elmar Degenhart by another five years until August 2019. CEO Elmar Degenhart managed to guide Continental, the second largest maker of car ...
Schaeffler Group Sells 4% of Continental AG to Reduce Liabilities
Auto parts maker Schaeffler Group announced its decision to sell 4% of Continental AG, part of its plan to reduce debt. Schaeffler Group plans to reduce debt by taking advantage of ...
Continental Developed Navigation System to Be Used by PSA in China
Continental has developed for PSA Peugeot Citroen a multimedia navigation system which will be used in China. The Multimedia Radio Navigation system developed by Continental was launched in March in Dongfeng-Peugeot ...
Continental Unaware About Schaeffler’s Decision to End 5-Year Agreement
Continental said it did not know about Schaeffler’s decision to end a 5-year-old investment agreement. Schaeffler, the maker of transmission parts and industrial bearings, said it will end a 2008 deal ...
Continental Reports First Quarter Net Income Down
Continental reported first quarter net income down to 441.2 million euro, from 482.9 million euro last year. Earnings per share fell to 2.21 euro from 2.41 euro in 2012 and the ...

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