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German giant Continental Ag. to create 7,000 new jobs


Continental AG, the leading German automotive manufacturing company specializing in tires, brake systems, automotive safety, powertrain and chassis components said it plans to increase its employee count by around 7,000 in 2014 - from 178,000 in 2013 to 185,000 by the end of the year. The company said it plans to increase sales by 5 percent this year, from 33 billion ...
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Continental AG Cuts Sales Target for 2013 on Europe Loss
Continental AG reduced its sales target for this year as the recovery of the tire market in Europe is not as fast as expected, while growth in the US and ...
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 ...
Opel may appoint Neumann as CEO this week, report says
Opel may appoint Karl-Thomas Neumann this week to lead its restructuring effort, people familiar with the matter told Bloomberg. The former head of Volkswagen's Chinese operations may be appointed as CEO ...
Continental granted license to test its autonomous cars in Nevada
Auto parts supplier Continental today received approval from the Nevada Department of Motor Vehicles (DMV) to test autonomous vehicles on the state’s public roads. It is the first license granted by ...
Continental AG Expects Slight Increase in 2013
Continental AG, the German car parts supplier, expects growth in its car and van business next year. "Europe will stagnate at its current relatively low level. The trough should have been ...
Continental Buys Parker Hannifin’s Automotive Air-Conditioning Business
Continental AG expanded its overseas auto operations after it purchased Parker Hannifin’s automotive air-conditioning business. ContiTech unit announced the acquisition on Monday, August 13th, together with the addition of 1,000 employees ...
Continental opens new RD center in Singapore
Continental AG, the German auto and truck parts manufacturing company has opened a new Research & Development Centers in Singapore. The German giant said the company has invested about $36 million ...
Continental to sponsor Herbalife World Football Challenge
The Herbalife World Football Challenge takes place July 18 through August 11 and currently consists of 11 teams competing in nine games at eight stadiums across the U.S. and Canada. Continental ...

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