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Germany's Continental set to separate rubber unit

Germany's Continental plans to turn its ContiTech rubber and plastics division into an independent entity, it said today, setting the company up to be a pure-play tyre maker after the planned spin-off of its automotive segment.
Business • 08 Apr

Continental auto supplier cuts sales guidance

German automotive and industrial supplier Continental has cut its annual sales guidance for the second time this year, citing weak industrial demand in Europe and North America, but it beat third quarter profit expectations.
Business • 11 Nov 24

Continental plans thousands of job cuts in auto unit

German car parts manufacturer Continental said today it will cut thousands of jobs in its automotive division worldwide as part of a plan to save €400m a year from 2025.
Business • 13 Nov 23

Continental CEO warns staff of job, costs cuts

German automotive supplier Continental must save hundreds of millions of euros in costs and will probably have to lay off workers due to a slump in demand caused by the coronavirus pandemic, Germany's WirtschaftsWoche cited the CEO as saying.
Business • 10 Jun 20

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