Elmar Degenhart

Continental seeks to expand beyond auto business with U.S. acquisition

Feb. 11, 2014 06:01 CET
Continental agreed to buy Veyance Technologies for about $1.9 billion to expand beyond the auto business. Continental expects the purchase to boost profit of its ContiTech unit. U.S.-based Veyance makes industrial hoses and conveyor belts.... Read More »

 

Continental predicts sales growth of 5% in 2014

Jan. 13, 2014 12:14 CET
Continental predicts sales this year will jump 5 percent, a fifth consecutive year of record sales, after revenue rose 2 percent in 2013.... Read More »

 

Continental raises earnings forecast on China, U.S. growth

Nov. 7, 2013 09:11 CET
Continental raised its earnings forecast for 2013 as growth in China and North America offset the effects of the euro's currency-market gains.... Read More »

 

Continental to concentrate more on growth opportunities outside Europe

Oct. 23, 2013 15:40 CET
Continental is banking on growth outside Europe to help offset continued weakness in the region and is investing in adding tire production capacity in fast-growing markets.... Read More »

 

Continental extends CEO Degenhart's contract by 5 years

Sept. 26, 2013 10:53 CET
Continental's supervisory board has extended the contract of CEO Elmar Degenhart by another five years until the end of August 2019.... Read More »

 

Continental kept in the dark over Schaeffler's decision to end investment agreement

May 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 »

 

Continental sticks to 2013 targets on raw material cost drop

May 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 »

 

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How a Texas Toyota store solved used-car-supply challenge

How a Texas Toyota store solved used-car-supply challenge

Mike Shaw Toyota in Corpus Christi, Texas, struggled to find good used cars. So it started providing free appraisals to service customers and offered to buy their vehicles on the spot. Mon., April 14
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