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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 which limited its stake in Continental to 49.99%, to solve a past row over the company’s control. Continental said it hopes the cooperation with Schaeffler will continue even without this ...
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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 ...
Continental Reports Lower-Than-Expected First Quarter Results
The results posted by Continental for the first quarter were lower than expected due to the bad weather and fewer working days. Continental finance chief Wolfgang Schaefer said that the company’s ...
Continental Begins ABS Production in Brazil
Continental has started ABS production at its plant in Varzea Paulista close to Sao Paolo, Brazil. Continental has made an investment of 10 million euro to start ABS production at the ...
Continental Invests 20 Million Euro in Russia
Continental will invest 20 million euro at its plant in Kaluga, Russia. The foundation stone of the Powetrain plant in Kaluga was laid yesterday, April 4th, in the presence of governor ...
Continental Expects Sales Growth in 2014
Continental said it expects 2014 to bring a growth in sales if economy doesn’t deteriorate. Continental is “likely to post high single-digit growth in sales again in 2014,” the Hanover, Germany-based ...
Continental Keeps Its 2013 Target Even if Demand Dropped
Continental keeps its 2013 target even if auto market in Europe falls in the first quarter more than analysts’ forecasts. Europe’s second- largest maker of auto parts and tiremaker reiterated today, ...
BMW and Continental developing automated driving system for motorways
The BMW Group and automotive supplier Continental are stepping up their collaboration in the field of driver assistance systems. In January, the two companies signed an agreement to jointly develop an ...
Karl-Thomas Neumann appointed as Opel CEO and GM Europe President
General Motors appointed VW's Karl-Thomas Neumann as president of GM Europe and CEO of Opel, the carmaker's struggling European unit. The appointment will take effect March 1, the company announced on ...
Continental Expands the Mount Vernon Tire Plant
Continental Tire of the Americas plans to expand the Mount Vernon plant investing $129 million and adding 100 new full-time jobs in the following three years. The company said that the ...

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