Continental AG

Continental’s electronics, Korea units to plead guilty to price fixing

4:16 pm U.S. ET | Nov. 24, 2014
South Korean suppliers Continental Automotive Electronics and Continental Automotive Korea will plead guilty to rigging the prices of instrument panel clusters and pay a criminal fine of $4 million, the U.S. Department of Justice said....
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Continental mulls German factory closure

Nov. 23, 2014 20:58 CET
Continental is reviewing whether to close its factory in Gifhorn, Germany, which makes electric motors and hydraulic braking systems, because of a lack of customer orders. About 1,600 people work at the plant....
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Continental unable to complete Veyance takeover, report says

Nov. 6, 2014 14:12 CET
Continental is unable to complete its acquisition of U.S. rubber firm Veyance Technologies and may need to sell one of the target company's divisions to win U.S. regulatory approval, a German magazine reported....
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Continental remains upbeat on 2014 profit target despite powertrain unit writedown

Nov. 4, 2014 13:47 CET
Continental's third-quarter profit fell 6 percent as the supplier took a writedown in its powertrain unit, but the company said it could still beat its profit target this year....
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Continental considers ending battery partnership amid low EV demand

7:53 am U.S. ET | Nov. 4, 2014
Continental said it may end a battery cell joint venture with South Korean partner SK Innovation because of slower-than-expected growth in demand for electric cars....
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Audi recall no threat to Continental's financial guidance, CEO says

7:33 am U.S. ET | Oct. 31, 2014
Supplier Continental AG said a fault with airbags installed at Audi could cost a double-digit million euro amount to fix, a sum which the German automotive supplier could absorb without revising its earnings guidance....
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Continental eyes acquisition to reduce dependence on auto unit, report says

Oct. 27, 2014 15:37 CET
Continental is said to be looking for an acquisition in the industrial sector as it seeks to boost its proportion of industrial sales to 40 percent from close to 30 percent now to reduce its dependence on volatile car markets....
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36 supplier innovations named PACE Award finalists

2:00 pm U.S. ET | Oct. 11, 2014
Thirty-six innovations in a diverse range from adhesives to vision systems are finalists for the 2015 Automotive News PACE Awards. The awards honor supplier innovation in product, manufacturing process and information technology....
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Continental's high-tech strategy shift

12:01 am U.S. ET | Aug. 25, 2014
Continental's pick-up of Google executive underscores how the supplier sees specialized software and services as increasingly crucial to its future....
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AUTOMOTIVE NEWS EUROPE E-MAGAZINE

Conti exec says automated driving requires tight ties with many partners

Aug. 21, 2014 06:01 CET
Continental executive Helmut Matschi says automated driving will emerge gradually in the next decade. He also believes that to be successful, suppliers will need to collaborate more than ever with non-automotive companies....
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Continental lures Google self-driving exec in Silicon Valley push

1:22 pm U.S. ET | Aug. 18, 2014
German supplier Continental AG is growing its Silicon Valley presence to help car companies roll out autonomous driving and other “intelligent” features over the coming years -- and it has hired one of Google's self-driving car executives to lead the effort....
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Continental raises 2014 profit forecast on lower costs, auto demand

July 31, 2014 11:26 CET
Continental raised its 2014 profit forecast for the second time this year to 11 percent of sales from 10.5 percent, after lower production costs and improving auto demand helped boost quarterly earnings....
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ZF's pursuit of TRW may spark wave of mergers in supply chain

12:01 am U.S. ET | July 25, 2014
The biggest auto-parts deal since 2007 may be just the start of consolidation, with Autoliv and Visteon among the next potential targets, analysts say. More auto parts companies may combine as overcapacity constrains their ability to add scale on their own....
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Tire makers roll into South Carolina

12:01 am U.S. ET | July 19, 2014
South Carolina became the nation's leading tire producer in the fourth quarter last year with estimated daily output of 89,000 tires, edging Oklahoma's 88,000 units....
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THE GM RECALL

GM was urged in 2004 report to study Cobalt's ignition-airbag link

12:20 pm U.S. ET | June 27, 2014
A General Motors supplier studying an "anomaly" in a crash test on a preproduction Chevrolet Cobalt urged the company in 2004 to take a closer look at the connection between the ignition system and airbag deployment -- a link that eluded engineers and investigators at the company for years afterward....
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Continental: Automated driving requires many partners

12:01 am U.S. ET | June 16, 2014
Helmut Matschi, head of interiors at Continental AG, says automated driving will emerge gradually in the next decade....
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2014 AUTOMOTIVE NEWS EUROPE CONGRESS

Volvo, Conti, Audi are 2014 L.E.A.D.E.R. winners

June 6, 2014 13:33 CET
Volvo, Continental and Audi are the 2014 winners of the fifth annual Automotive News Europe/Automotive Intelligence Center L.E.A.D.E.R. awards....
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Continental's Veyance deal is probed by German cartel office

May 26, 2014 14:39 CET
Germany's cartel office says it has launched a probe into Continental's planned takeover of U.S. rubber firm Veyance Technologies....
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Schaeffler refinances 3.5 billion euros of debt

May 7, 2014 06:01 CET
German supplier Schaeffler has refinanced about 3.5 billion euros ($4.9 billion) worth of debt, including new bond issues of about 2 billion euros, as borrowing costs approach record lows in Europe....
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Conti can afford another big acquisition, CFO says

May 6, 2014 12:49 CET
Partsmaker Continental would be able to fund another multi-billion-euro acquisition in the next 18 months to spur growth, its finance chief said today....
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Continental raises profit forecast after first-quarter gains

April 25, 2014 10:46 CET
Continental has raised its profit forecast for 2014 after earnings jumped nearly 20 percent in the first three months....
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Continental aims to more than double sales at rubber, plastics unit

April 8, 2014 13:11 CET
Continental says it has a goal of more than doubling sales at its rubber and plastics unit, Contitech, to over 11 billion euros ($15.1 billion) within the next decade....
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Schaeffler to expand cooperation with Continental

March 21, 2014 12:16 CET
Schaeffler says it will streamline its operations and widen cooperation with fellow German supplier Continental....
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More suppliers join turbo fray in race for mpg

12:01 am U.S. ET | March 17, 2014
The push to improve fuel economy has shaken up the auto industry's once-cozy world of turbocharger suppliers....
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Schaeffler appoints Knorr-Bremse exec Deller as CEO

Feb. 13, 2014 12:31 CET
Schaeffler has appointed auto-parts industry veteran Klaus Deller as its new CEO as the German supplier works to strengthen cooperation with Continental....
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