Brexit – Page 48 – I wish I had more to offer

The classically British automotive brands Jaguar and Land Rover had seen their fortunes soar under the stewardship of the Indian auto company Tata Motors.
But now that legacy is under threat.
Land Rover's market in China has been shrinking, Jaguar has a portfolio heavy on less-popular cars, and the fallout from Brexit threatens to raise prices on supplies Jaguar Land Rover uses to make vehicles.
Jaguar Land Rover's performance peaked in mid-2016, CIMB analyst Pramod Amthe told CNBC.
Since then, a slowdown in JLR's China market has been perhaps the biggest factor behind the company's woes. JLR has said its Chinese business is struggling due to challenging market conditions. But one report from Automotive News said the company was battling quality-control issues in the country.
“We feel the worst is nearly there in JLR performance,” Amthe said. “Management efforts to cut costs and turn around have started yielding results in UK and USA. But China is taking longer than expected to revive.”

Continental calls on its employees across Europe to vote in the European Parliament election 2019

HANOVER, 14-May-2019 — /EuropaWire/ — Continental calls on its employees across Europe to vote in the European election, which will take place between May 23 and 26, 2019. The European Parliament election 2019 is going to be the 9th parliamentary election since the first direct elections held in 1979.

Dr. Elmar Degenhart, Chairman of the Executive Board Continental AG

Commenting on the European Parliament election 2019, Continental CEO Dr. Elmar Degenhart, said:

“For decades, the European Union has been the most successful foundation yet for freedom and peace in Europe and our prosperity. In global competition, we can only win together as self-assured Europeans. Anybody who does not vote is allowing others to determine their fate. Europe’s voice counts most when we all amplify it with our own.”

Dr. Ariane Reinhart who is Executive Board member for Human Relations at Continental , commented further:

Dr. Ariane Reinhart, Member of the Executive Board, Human Relations, Director of Labor Relations, Sustainability

“Two thirds of German exports go to European countries. This means customers in Europe ensure that we have work here. A strong EU that is developing well secures the future of our jobs.”

The European Single Market is Continental’s strongest market in terms of sales. Continental’s turnover in Europe is €21.8 billion in 2018, which represents 49 percent of the company’s global sales of €44.4 billion for that year. In terms of employees, more than 50% (57 percent or roughly 140,000 staff ) of its global workforce (around 245,000 staff) are based in more than 250 European locations in almost all EU countries. The majority of its 49,000 engineers around the world work in Europe.

More than €12 billion has been invested in safe, clean, intelligent mobility across Europe by Continental over the past 10 years.

Dr. Ariane Reinhart warns against taking freedom and democracy for granted. He added:

“Freedom and democracy are the insurance cover for our community. We must defend both foundations and continually renew them. Voting in the European election is therefore an important commitment to democracy and economic growth. The long, drawn-out disputes surrounding the uncertain Brexit show us what “less EU” leads to: border fences, dislocations, fewer opportunities, and uncertain prospects.”

In particular, Dr. Reinhart called on eligible voters with higher aspirations to determine their own future. “There is a lot on the line here for them, because setbacks in the process of European unification reduce their opportunities for growth, just as they do for all of us. In times of international trade disputes and when tariffs have returned, a weakened Europe is a plaything for other, less liberal powers. A strong, European community and a strong European Single Market are the best way to protect our social, economic, and ecological climate.”

A strong Europe has a political and cultural significance for Continental, in addition to its economic relevance. European and internationally active companies bear responsibility for highlighting the benefits of a united, values-based Europe for their employees, according to Dr. Ariane Reinhart.

She added further: “Europe is a community of shared values, just like Continental. The corporate values For One Another, Freedom To Act, Trust, and Passion To Win that we embrace reflect the values of the European idea and support them. We understand it to mean that employees stick together, join forces, and work for one another as well as see and use the diversity in our company as a source of inspiration and creativity.”

The European idea has been promoted by Continental for two years now. It is giving young people the chance to experience the opportunities that a united Europe offers in the labor market, in particular. Continental has initiated the “Experiencing Europe” program in 2017, which offers a chance to young adults in Germany, who are seeking work, to complete two internships, each lasting two weeks, in another European country. On the other side, young people from other countries can complete an internship in Germany. In addition to Continental, the internship scheme includes companies like Schaeffler, Thomas Cook, and DHL. Thus far, some 100 young people have taken part in the program. The apprentices can use this international experience to improve their profile and secure a job at one of the companies involved. Four participants are currently completing an apprenticeship at Continental, and one is completing a work-study program at the company.

Media contacts:

Nicole Göttlicher
Spokeswoman, HR
Corporate Communications
Phone: +49 511 938-1640
E-mail:
nicole.goettlicher@conti.de

Vincent Charles
Head of Media Relations
Phone: +49 511 938-1364
E-mail:
vincent.charles@conti.de

SOURCE: Continental

MORE ON CONTINENTAL, EUROPEAN PARLIAMENT, EUROPEAN UNION, ETC.:
European Commission: more efforts needed from the European Parliament and the Council to deliver results on all pending security proposals ahead of the EP elections in May 2019Intelligent digital tachographs: Tips and information on how to make a smooth transition to the DTCO 4.0EU unveils an Action Plan to step up efforts to counter disinformation in Europe and beyondWind energy continues to grow as share in EU’s electricity mixEPP Group: European Commission and Member States need to ensure sufficient funding to streamline digital technologies into all aspects of development policyEuropean Parliament to host “The future of international election observation” conference, 10-11 OctoberTowards a Europe of Stakeholder NationsEU on track to launch its most ambitious ever European research and innovation programme in 2021European Parliament and the Council reach political agreement on combating fraud and counterfeiting of non-cash means of paymentContinental's 4Q bolstered in part by strong sales of winter tires and the positive market development in the non-automotive industrial businessContinental’s powertrain business now Vitesco Technologies; partial IPO planned for the 2H 2019Strengthened Schengen Information System: New alerts on criminals; Greater vigilance; Stronger data protection; Improved interoperability

Tag: Brexit

Jaguar Land Rover boss: settling Brexit will be good for us

UPDATE 1-Peugeot issues Brexit ultimatum on new car investment

PSA Group delivers Ellesmere Port Brexit ultimatum as Ford cuts 12,000 jobs

Carmaker PSA to decide on new Ellesmere work after final Brexit terms

Press Releases – Auto industry revises 2019 car sales forecast to -1%

APPOINTMENTS TO THE EXECUTIVE COMMITTEE OF RCI BANK AND SERVICES

No-deal Brexit ‘will cost UK car manufacturers extra £70m a day’

Átalakuló járműipar

Jaguar Land Rover’s stunning turnaround is under threat

Continental calls on its employees across Europe to vote in the European Parliament election 2019