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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 car parts purchased by automakers. The department said the duo was ...
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Continental AG says it’s ready to embrace emerging auto trends
German auto supplier Continental AG has decided to be optimistic and announced its forecast for next year sees growing profitability and sales thanks to increased world demand for cars. The parts ...
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 ...
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 ...
Head-up displays are heading towards the next generation
A technology imported from the state of the art military jets – the head-up display – is now seeing incredible advances thanks to the wider use expected throughout the automotive ...
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 ...
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 ...

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