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Continental AG (CONG.DE)

CONG.DE on Xetra

159.10EUR
21 Sep 2018
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€159.10
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635,061
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€257.40
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€146.60

Latest Key Developments (Source: Significant Developments)

Continental Invests In New 3D Blow Molding Plant In China
Thursday, 30 Aug 2018 

Aug 30 (Reuters) - CONTINENTAL AG ::INVESTED APPROX 10 MILLION EUROS (ABOUT 70 MILLION RMB) IN A NEW 3D BLOW MOLDING PLANT IN CHANGSHU, CHINA.NEW PLANT WILL START SERIES PRODUCTION IN THE THIRD QUARTER OF 2018.  Full Article

Continental Says Is Having Problem With Supply Of 48 Volt Systems In Powertrain Division
Wednesday, 22 Aug 2018 

Aug 22 (Reuters) - Continental AG ::CFO SAYS EXPECTS SALES OF 11 BILLION EUR IN Q4.SEES LESS STRENGTH IN THE MARKET FOR TIRES, SEDAN SALES NOT SO STRONG.SAYS IS HAVING PROBLEM WITH SUPPLY OF 48 VOLT SYSTEMS IN POWERTRAIN DIVISION.SAYS WORKING TO RESOLVE PROBLEMS IN POWERTRAIN AHEAD OF A POSSIBLE IPO.CFO SAYS UNDERESTIMATED COMPLEXITY OF PRODUCTION METHODS REQUIRED FOR HYBRID VEHICLES AND 48 VOLT SYSTEMS.  Full Article

Continental AG Supervisory Board Approves Reorganisation
Thursday, 26 Jul 2018 

July 26 (Reuters) - Continental AG ::SUPERVISORY BOARD APPROVES REORGANISATION.SAYS POWERTRAIN BECOMING INDEPENDENT ENTITY IS POSSIBLE BY EARLY 2019, PARTIAL IPO LIKELY FROM MID-2019.NEW HOLDING STRUCTURE: THREE BUSINESS PILLARS UNDER THE UMBRELLA OF CONTINENTAL AG.  Full Article

Continental To Undertake Organizational Realignment
Wednesday, 18 Jul 2018 

July 18 (Reuters) - CONTINENTAL AG ::REALIGNS FOR FUTURE MOBILITY.DECIDED TODAY TO UNDERTAKE ONE OF LARGEST ORGANIZATIONAL REALIGNMENTS IN COMPANY'S HISTORY.DECISION PROVIDES FOR CREATION OF A HOLDING STRUCTURE OF CONTINENTAL AG UNDER NEW "CONTINENTAL GROUP" UMBRELLA BRAND.HOLDING STRUCTURE WILL BE SUPPORTED BY THREE PILLARS, "GROUP SECTORS" CONTINENTAL RUBBER, CONTINENTAL AUTOMOTIVE AND POWERTRAIN.NEW NAMES AND CORRESPONDING REPORTING STRUCTURE WILL APPLIED STARTING 2020.GROUP SECTORS WILL BE ESTABLISHED, OR ADJUSTED WHERE NECESSARY, STEP BY STEP.REALIGNMENT REQUIRES APPROVAL OF CONTINENTAL AG'S SUPERVISORY BOARD, WHICH IS TO BE OBTAINED ON JULY 26, 2018.ITS PARTIAL PUBLIC OFFERING (IPO) IS POSSIBLE BEGINNING MID-2019.SUPERVISORY BOARD'S APPROVAL IS ALSO REQUIRED FOR CARVE-OUT OF CURRENT POWERTRAIN DIVISION INTO AN INDEPENDENT ENTITY UNDER A NEW NAME BY BEGINNING OF 2019.CHASSIS & SAFETY AND INTERIOR DIVISIONS WILL BE REORGANIZED BY BEGINNING OF 2020.CARVE-OUT OF POWERTRAIN GROUP SECTOR WILL LEAD TO ESTIMATED OPERATIONAL COSTS OF APPROXIMATELY EUR350 MILLION.LARGE PART OF OPERATIONAL COSTS WILL BE INCURRED IN 2018 AND 2019.THERE WILL ALSO BE NEGATIVE TAX EFFECTS TOTALING ABOUT EUR100 MILLION.OUTLOOK FOR CONTINENTAL CORPORATION FOR 2018 IS UNAFFECTED BY THIS.CONTINENTAL - IN ITS NEW AUTOMOTIVE BUSINESS (WITHOUT POWERTRAIN DIVISION), EXPECTS TO INCREASE SALES FROM ABOUT EUR19 BILLION IN 2017 TO APPROXIMATELY EUR30 BILLION IN 2023.  Full Article

Continental AG Board Poised to Vote for Powertrain IPO - Bloomberg
Tuesday, 19 Jun 2018 

June 19 (Reuters) - :CONTINENTAL AG MOVING AHEAD WITH PLANS FOR AN IPO OF ITS POWERTRAIN UNIT AND A NEW CORPORATE STRUCTURE BY EARLY JULY - BLOOMBERG, CITING SOURCES.  Full Article

Continental CEO Says No Decisions Made Yet On Reorganisation
Friday, 27 Apr 2018 

April 27 (Reuters) - Continental AG CEO at annual general meeting::ASKED ABOUT REORGANISATION, SAYS ARE STILL AT ANALYSIS STAGE, NO DECISIONS MADE YET.  Full Article

Continental Invests EUR 10 Mln In New, Cutting-Edge Distribution Center In Langenhagen
Wednesday, 20 Dec 2017 

Dec 20 (Reuters) - CONTINENTAL AG ::INVESTS €10 MILLION IN NEW, CUTTING-EDGE DISTRIBUTION CENTER IN LANGENHAGEN.  Full Article

And International Publishers collaborates with Continental to enrich map and location data
Monday, 11 Sep 2017 

Sept 11 (Reuters) - AND INTERNATIONAL PUBLISHERS NV :‍ANNOUNCE A COLLABORATION WITH CONTINENTAL TO ENRICH MAP AND LOCATION DATA WITH SENSOR DATA COLLECTED FROM VEHICLES​.  Full Article

Continental sticks with guidance despite margin pressure
Tuesday, 27 Jun 2017 

June 27 (Reuters) - Continental AG spokesman:Says margin pressure in sector is still very high, but sticks with guidance.  Full Article

Continental extends contract of HR exec until 2022
Tuesday, 13 Dec 2016 

Continental AG :Says supervisory board extends contract of Ariane Reinhart until 2022.  Full Article

Nikkei edges up as weak yen helps mood; Continental profit warning hurts autos

TOKYO, Aug 23 Japan's Nikkei edged up on Thursday after a weak yen supported overall sentiment, but a profit warning by Germany's Continental dragged down auto stocks and tire makers.