According to a report, the Frankfurt public prosecutor’s office is investigating quality problems Continental-hoses. It’s about the accusation of fraud, reported the “Handelsblatt
” on Wednesday in advance, citing judicial circles. It was said that air conditioning hose lines were manufactured and sold at a different quality than the contractually agreed quality.
Contitech itself contacted the investigators and reported the abuses. The possibility of initiating fine proceedings against the company is being examined. The Stuttgart public prosecutor’s office is also checking whether there is evidence of possible crimes. The public prosecutor’s office did not provide any details upon request.
Self-disclosure by Conti
A Continental spokesman said the company was cooperating fully with the authorities. Continental itself discovered deviations in air conditioning and industrial hoses in 2021 and 2022 and reported them to the responsible authorities. “We have continually drawn organizational and personnel consequences from the ongoing findings of our investigation.”
Continental admitted in autumn 2022 that it had supplied car manufacturers with contaminated parts for air conditioning systems for many years and that it had manipulated test results. There were also deviations when testing industrial hoses.
Renovation announced
At the Capital Markets Day, the board of directors around Conti CEO Nikolai Setzer (52) recently had massive ones Savings and renovation measures announced
to set the course for the future. Accordingly, the CEO plans to cut more than 5,000 administrative jobs. At the same time, partners are to be sought for Conti’s automotive division.