The Executive Board of Continental AG has decided that due to the current market environment, the planned Spin-off of Vitesco Technologies (currently the business area Powertrain) will not be presented for a vote at the upcoming 2020 Annual Shareholders’ Meeting and thus will not take place in this year. The Spin-off will nevertheless continue to… Continue reading Continental AG Has Decided Not to Present Vitesco Technologies Spin-off at Annual Shareholders’ Meeting
Author: Continental Official News
Updated Preliminary Key Data for the First Quarter of Fiscal 2020
The financial results of Continental AG in the first quarter of fiscal 2020 are above the expectations published in its previous communication on April 1, 2020 and above current analyst expectations. Based on preliminary data, key financial results of the first quarter of fiscal 2020 are as follows: · Consolidated sales of the Group were… Continue reading Updated Preliminary Key Data for the First Quarter of Fiscal 2020
Vitesco Technologies to Open New R&D Center in China, Underlining the Strategic Focus on Electrified Powertrains
The center, which is going to be built in Tianjin, extends the research and development capacity for zero emission propulsion technologies in the Asia-Pacific region Vitesco Technologies already operates a modern, highly automated plant at the site, where an innovative, fully integrated electric axle drive system has been produced since 2019 Tianjin, China, Regensburg, Germany,… Continue reading Vitesco Technologies to Open New R&D Center in China, Underlining the Strategic Focus on Electrified Powertrains
Continental Compiles European Breakdown Regulations and Emergency Procedures for Trucks
Every country has different emergency protocols and regulations Guidelines help drivers and fleet managers get assistance fast in an emergency Conti360° breakdown service network in 37 European countries helps keep important supply chains up and running Hanover, April 9, 2020. A breakdown is a troublesome event for truck and bus drivers – and one where… Continue reading Continental Compiles European Breakdown Regulations and Emergency Procedures for Trucks
Continental produces medical hoses needed in Bergamo and Lombardy region’s healthcare sector
Continental produces requested batches for Italian healthcare sector despite having ramped-down production capacities due to Covid-19 pandemic Marco Tamborini: “This is our minimum contribution to the Bergamo and the Italian society to support all the helping hands.” Low-pressure hose assemblies for use with medical gases in respiratory equipment such as CPAP systems PVC hose is… Continue reading Continental produces medical hoses needed in Bergamo and Lombardy region’s healthcare sector
Financial Recognition for All Employees Worldwide
Dr. Ariane Reinhart, Executive Board member for HR: “We want to honor the outstanding commitment of all employees worldwide in the past year” €436 or €218 to be paid to each employee, depending on country The Executive Board and the social partners sign collective agreements for the “Continental in Motion – an Alliance for the… Continue reading Financial Recognition for All Employees Worldwide
Robert Lee Appointed New President of Continental North America Following Jeff Klei Retirement
Robert (Bob) Lee will succeed Jeff Klei as president of Continental North America Jeff Klei to retire after more than 30 years of outstanding service and leadership Lee will manage key relationships in the region AUBURN HILLS, Mich., March 18, 2020 — Robert (Bob) Lee will take over as the new president of Continental North… Continue reading Robert Lee Appointed New President of Continental North America Following Jeff Klei Retirement
Continental Brings 3D Display on the Road
Production launch of 3D display without special glasses for HMC Genesis GV80 3D technology relies on Continental interior camera to detect driver’s line of sight High Performance Computer: Cross Domain Hub removes boundaries among different screens in the vehicle Next generation of 3D displays already in development Babenhausen, Germany, March 16, 2020. Technology company Continental… Continue reading Continental Brings 3D Display on the Road
Vitesco Technologies Wins Major Order from European Vehicle Manufacturer
First high-volume production start of electrically heated catalytic converter worldwide is part of Vitesco Technologies’ electrification strategy Production start for multi-million contract relating to electrified vans planned for late 2022 Innovative electric catalytic converter aimed at ensuring vehicles comply with planned stringent Euro 7 standard Regensburg, March 12, 2020. Vitesco Technologies, a leading supplier in… Continue reading Vitesco Technologies Wins Major Order from European Vehicle Manufacturer
Continental Achieves Adjusted Annual Targets in 2019 and Focuses on a Healthy Mobility Ecosystem
Sales up slightly at €44.5 billion (2018: €44.4 billion) Market growth: about -6 percent; organic sales growth: -2.6 percent Adjusted operating result: €3.2 billion (2018: €4.1 billion); adjusted EBIT margin 7.4 percent (2018: 9.3 percent) Operating result (-€268 million) and net income (-€1.2 billion) negative due to non-cash write-downs already reported Free cash flow before acquisitions and carve-out effects: €1.3 billion (2018: €1.9 billion) Proposed dividend:… Continue reading Continental Achieves Adjusted Annual Targets in 2019 and Focuses on a Healthy Mobility Ecosystem