Continental names veteran exec Cramer as China headMay 20, 2013 11:38 CET  German supplier Continental has named veteran executive Ralf Cramer to head its operations in China, which it sees as the main driver of its growing business in Asia. The company says it gets around 18 percent of its sales from Asia and wants to increase this proportion to more than 30 percent.... Read More »
Continental kept in the dark over Schaeffler's decision to end investment agreementMay 15, 2013 14:35 CET  Continental said it was kept in the dark about the decision of Schaeffler to quit a five-year-old investment accord. Analysts suspect the accord's scrapping may be a prelude to Schaeffler restructuring Continental or reducing its stake.... Read More »
Schaeffler to end Continental accord as merger project wanesMay 13, 2013 21:46 CET  Schaeffler, the largest investor in tire and components supplier Continental, plans to end an agreement between the two German companies as it continues to dismantle a plan for a gradual merger.... Read More »
Schaeffler to end Continental accord as merger project wanes 3:46 pm U.S. ET | May 13, 2013  Schaeffler, the largest investor in tire and components supplier Continental, plans to end an agreement between the two German companies as it continues to dismantle a plan for a gradual merger.... Read More »
Continental sticks to 2013 targets on raw material cost dropMay 3, 2013 09:04 CET  Continental reiterated targets for 2013 as declining raw material costs and new products are offsetting a sixth year of contraction in its home region's car market.... Read More »
Schaeffler said to consider 2014 initial public offeringApril 25, 2013 13:04 CET German supplier Schaeffler is exploring an initial public offering next year in Germany, three people familiar with the matter said.... Read More »
Delphi, Continental bid for Johnson Controls' auto electronics unit, report saysApril 23, 2013 19:00 CET Delphi Automotive and Continental both bid for Johnson Controls' automotive electronics unit, Bloomberg sources said. The supplier is considering the sale to free up cash and focus on more profitable divisions, such as car seats.... Read More »
Delphi, Continental bid for Johnson Controls' auto electronics unit, report says 1:00 pm U.S. ET | April 23, 2013 Delphi Automotive and Continental AG both bid for Johnson Controls' automotive electronics unit, people familiar with the matter told Bloomberg. Johnson Controls received first-round bids this month and is now setting up meetings with suitors such as Delphi and Continental, the report said.... Read More »
Continental CFO says Europe slump hit Q1 salesApril 14, 2013 12:16 CET  Continental posted a sharper-than-expected drop in first-quarter sales as the slump in core European auto markets was exacerbated by bad weather and fewer working days.... Read More »
SUPPLIERS Continental says 2014 sales growth may quicken if economy holdsMarch 26, 2013 06:01 CET  German supplier Continental says it expects 'high single-digit growth' in 2014 if economic conditions don't worsen. The company added that it is sticking to its forecast of a 5 percent increase in sales this year.... Read More »
Continental forecasts first-quarter sales drop on falling auto demandMarch 8, 2013 06:01 CET  Continental forecasts first-quarter sales will decline as much as 3 percent as demand for autos in its home market plunges. Revenue in the quarter will drop 1 percent to 3 percent, the company says.... Read More »
Continental watches eyeballs to limit distractionFeb. 7, 2013 21:30 CET  Continental AG is developing a system -- dubbed the Driver Focus Vehicle -- that monitors the driver's eye movements, then warns if the driver is looking away from the road under hazardous conditions.... Read More »
Continental watches eyeballs to limit distraction 3:30 pm U.S. ET | Feb. 7, 2013  Continental AG is developing a system -- dubbed the Driver Focus Vehicle -- that monitors the driver's eye movements, then warns if the driver is looking away from the road under hazardous conditions.... Read More »
SHAREHOLDER VALUE REPORT Europeans deliver best investor returns in '12Jan. 28, 2013 06:01 CET Despite economic uncertainty and restructuring in their home markets, European automakers and suppliers delivered the best shareholder return in their industry segments last year.... Read More »
AUTOMOTIVE NEWS WORLD CONGRESS Panel: Tech tricks will cut driver distraction 12:01 am U.S. ET | Jan. 21, 2013  With the right technology, connected vehicles could reduce distracted driving, a panel of auto industry executives said at the Automotive News World Congress.... Read More »
2013 AUTOMOTIVE NEWS WORLD CONGRESS Panel sees autonomous driving, in select situations, by 2025 6:32 pm U.S. ET | Jan. 15, 2013  Autonomous driving in some situations will be a reality by 2025 but a fleet of fully autonomous cars on American roads is unlikely, a panel of auto industry executives said at the Automotive News World Congress.... Read More »
Continental CEO expects driver assistance systems to bolster bottom line 3:43 pm U.S. ET | Jan. 14, 2013  Supplier Continental AG says it could reap as much as 1 billion euros ($1.3 billion) in annual revenues by 2017 from driver assistance systems, which give onboard computers varying degrees of control over a vehicle's brakes, accelerator and steering.... Read More »
Conti sees slower growth as global car industry slowsJan. 14, 2013 10:49 CET  Continental, Europe's second-largest maker of auto parts, said sales and profitability growth may slow in 2013 as the region's market contraction causes unpredictability for the global car industry.... Read More »
Neumann said to take helm at Opel early after VW relents on non-compete clauseJan. 14, 2013 13:07 CET  Volkswagen is prepared to allow Karl-Thomas Neumann to leave the automaker before his contract runs out to become CEO of Opel, reports said... Read More »
Continental licensed to test autonomous vehicles in Nevada 3:18 pm U.S. ET | Dec. 20, 2012  Continental AG is the first automotive supplier to receive an autonomous vehicle testing license in the state of Nevada, the company said Wednesday. Although Continental's first testing vehicle requires a human operator, it's being called a “highly automated” 2012 Volkswagen Passat.... Read More »
Leaner suppliers win pricing power in N. AmericaNov. 23, 2012 06:01 CET With North American vehicle production headed toward 15 million-plus units next year, automakers are encountering a new breed of supplier: the one that says "no." Now that production schedules are rising, many suppliers -- mainly those in capital-intensive industries -- can often pick and choose their customers and command higher prices.... Read More »
Suppliers push head-up displays as safety gearNov. 22, 2012 06:01 CET  Head-up displays are getting a fresh look as safety-alert devices. Suppliers such as Denso, Nippon Seiki, Continental and Delphi Automotive are developing head-up displays that project larger, brighter and more detailed images onto the windshield.... Read More »
Leaner suppliers win pricing power 12:01 am U.S. ET | Nov. 19, 2012 With North American vehicle production headed toward 15 million-plus units next year, automakers are encountering a new breed of supplier: the one that says "no." Now that production schedules are rising, many suppliers -- mainly those in capital-intensive industries -- can often pick and choose their customers and command higher prices.... Read More »
PRODUCTION LINE Suppliers push head-up displays as safety gear 12:01 am U.S. ET | Nov. 19, 2012  Head-up displays are getting a fresh look as safety-alert devices. Suppliers such as Denso Corp., Nippon Seiki Co., Continental AG and Delphi Automotive are developing head-up displays that project larger, brighter and more detailed images onto the windshield.... Read More »
Continental sees booming market for advanced driver safety systemsNov. 2, 2012 11:58 CET  Continental sees rapid growth in the development of advanced driver safety systems as automakers prepare for the introduction of new Euro NCAP tests covering anti-collision measures for vehicles and pedestrians from 2014.... Read More »
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