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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