Focus of “Vision 2030” lies on systematic customer-centric alignment of all business activities as well as further profitable growth Smart digital tire solutions and realization of ambitious sustainability goals will be key success factors and differentiators in the marketplace “Vision 2030” sets the stage for the next chapter in the Tires business area’s success story… Continue reading Continental Presents “Vision 2030” Strategic Program for the Tire Business Area
Author: Continental Official News
Winning the Transformation: Continental Presents Realigned Strategy
Three strategic cornerstones: strengthen operating performance, differentiate our portfolio, turn the change to connected and sustainable mobility into an opportunity Strategic mid-term targets: adjusted EBIT margin: around 8 to 11 percent; annual organic growth: around 5 to 8 percent; ROCE: around 15 to 20 percent; cash conversion ratio: more than 70 percent Continental CEO Nikolai Setzer: “With our future-oriented technologies… Continue reading Winning the Transformation: Continental Presents Realigned Strategy
Continental and Nexteer Joint Venture CNXMotion Develops Brake-to-Steer Technology
Pioneers use of electronic braking as an additional layer of steering control for traditional, highly automated and autonomous vehicles (Automation Levels 1 – 5) Offers a cost-effective approach to achieve advanced safety Leverages technology building blocks from parent companies: Nexteer Automotive and Continental AUBURN HILLS, Mich., December 2, 2020. Leveraging technology building blocks from its… Continue reading Continental and Nexteer Joint Venture CNXMotion Develops Brake-to-Steer Technology
Continental Expands its Plastics Expertise for Thermo Management at Specialist Tech Centers
Mobility of the future: experts conduct research and development on high-performance plastics for innovative electric and hybrid vehicle solutions at three German locations Automotive manufacturers benefit: entire development process chain from one source Fewer CO2 emissions: lightweight solutions thanks to new materials and connection concepts Hanover, November 16, 2020. Technology company Continental is expanding its… Continue reading Continental Expands its Plastics Expertise for Thermo Management at Specialist Tech Centers
Supervisory Board of Continental AG Appoints Nikolai Setzer as New Executive Board Chairman
In its meeting today, the Supervisory Board of Continental AG appointed Nikolai Setzer (49) as new Executive Board chairman until March 2024, effective December 1, 2020. He succeeds Dr. Elmar Degenhart (61), who, as already announced, is stepping down from his position for health reasons, with the consent of the Supervisory Board, effective November 30, 2020. … Continue reading Supervisory Board of Continental AG Appoints Nikolai Setzer as New Executive Board Chairman
Nikolai Setzer To Become Continental CEO
Supervisory Board appoints Nikolai Setzer (49) as new Executive Board chairman effective December 1, 2020 Setzer succeeds Dr. Elmar Degenhart, who, as already announced, is stepping down from his position prematurely for health reasons Prof. Wolfgang Reitzle, chairman of the Supervisory Board: “Nikolai Setzer has our utmost trust and confidence. The Supervisory Board is certain… Continue reading Nikolai Setzer To Become Continental CEO
Continental AG announces new outlook for fiscal 2020
Having withdrawn the previous outlook for fiscal 2020 that was valid until April 1, 2020 due to the uncertain consequences of the COVID-19 pandemic, the Executive Board from Continental AG now sees itself in a position to provide an outlook for fiscal 2020. This outlook is conditional upon the following assumptions: The exchange rates in the fourth quarter of 2020 do not materially differ to those as of September 30,… Continue reading Continental AG announces new outlook for fiscal 2020
Third Quarter: Slight Recovery as Highly Volatile Market Environment Continues
Consolidated sales of €10.3 billion (Q3 2019: €11.1 billion) Adjusted EBIT of €832 million (Q3 2019: €612 million); adjusted EBIT margin of 8.1 percent (Q3 2019: 5.6 percent) EBIT of -€673 million in third quarter (Q3 2019: -€1,971 million) and net income of -€719 million, resulting from impairments and expenses as already announced (Q3 2019: -€1,986 million) Free cash flow before acquisitions and… Continue reading Third Quarter: Slight Recovery as Highly Volatile Market Environment Continues
Continental to Handle Tire Service for EV Fleet of Ride-sharing Provider MOIA
Conti360° Fleet Solutions contract covers VW subsidiary’s entire EV fleet 24/7 tire service means lower downtimes for MOIA All-season tire offers good handling properties and greater safety Hanover, Germany, November 2, 2020 Continental and MOIA are joining forces to help deliver the sustainable mobility of the future. The premium tire manufacturer is supporting MOIA, a… Continue reading Continental to Handle Tire Service for EV Fleet of Ride-sharing Provider MOIA
Elmar Degenhart Decides to Resign Early From His Position as CEO for Personal Reasons
Executive Board contract to end early effective November 30, 2020 Decision at personal request “Immediately necessary, preventive health care” as the decisive reason Supervisory Board Chairman Professor Wolfgang Reitzle, acknowledges Degenhart’s “outstanding and exemplary performance and excellent track record” The Supervisory Board will be convened at short notice to decide on the nomination of a… Continue reading Elmar Degenhart Decides to Resign Early From His Position as CEO for Personal Reasons