HAMBURG, April 20 Continental AG will
announce in a few days plans to restructure its Powertrain
division, ahead of the German automotive supplier's annual
shareholders' meeting on April 28, a person familiar with the
"But there won't be a big bang," the person told Reuters on
Thursday, without providing further details.
Continental had said in January it was reviewing its
Powertrain division after earnings at the business, which makes
electric and combustion engines mainly for passenger cars,
failed to meet expectations.
Bloomberg had reported earlier that Continental Chief
Executive Elmar Degenhart had said on the sidelines of the
Shanghai auto show that the group was planning a programme to
improve efficiency at the unit.
(Reporting by Jan Schwartz; Writing by Maria Sheahan; Editing
by Kathrin Jones and Harro ten Wolde)