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Continental says profit would rise faster than initially forecasted

Continental says profit would rise faster than initially forecasted

The European automotive supplier announced it would positively modify its full year profit guidance outlook following second quarter results that came with an earnings jump. The updated profit guidance comes as the second quarter results exceeded expectations thanks to the faster European auto market turnaround – Continental reported its new […]

US: Ford says production of the Lincoln Continental settled to Ford Flat Rock factory

US: Ford says production of the Lincoln Continental settled to Ford Flat Rock factory

Ford, the second largest US automaker, recently confirmed the rumors surrounding the upcoming production of Lincoln’s newly reborn Continental flagship, with the full-size sedan settled at the Flat Rock plant in Michigan. The limousine was reintroduced to the public carrying the iconic Continental name this year through a spectacular concept […]

US: parts makers decide to play guilty of auction tampering

US: parts makers decide to play guilty of auction tampering

Continental Automotive Electronics LLC and Continental Automotive Korea Ltd, two South Korean auto parts suppliers, have acknowledged and agreed to plead guilty after being charged for bid rigging. The US Department of Justice made the announcement about the decision of the South Korean duo, as they tampered with auctions for […]

Continental has faith in automated driving

Continental has faith in automated driving

The German supplier, the second largest in Europe in 2013, has big bets riding on the advent of the self-driving vehicle, a new type of car they see rolling out gradually over the next decade. Helmut Matschi, who leads Continental’s interior division, thinks the new segment will only be successful […]

Continental snatches Google exec for autonomous cars program

Continental snatches Google exec for autonomous cars program

The German automotive supplier is keenly showing its growing interest in self-driving technology, and with its latest move it has lured away from Google one of the company’s autonomous car executives. The auto parts maker (also one of Europe’s largest tire makers) is also growing its Sillicon Valley presence, signaling […]

Continental wants focus on profit and expansion

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 […]

Continental sees rising sales in 2014

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, also Europe’s second-largest tiremaker, has focused on developing components that help automakers reduce vehicle emissions, increase auto safety and […]