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Continental AG (CONG.DE)

CONG.DE on Xetra

135.45EUR
16 Nov 2018
Change (% chg)

€-0.50 (-0.37%)
Prev Close
€135.95
Open
€136.60
Day's High
€139.10
Day's Low
€134.70
Volume
451,572
Avg. Vol
798,328
52-wk High
€257.40
52-wk Low
€127.90

Latest Key Developments (Source: Significant Developments)

BRIEF-Continental CFO Says Will Not Decide On Own Battery Cell Production Until After 2020
Thursday, 8 Nov 2018 

Corrects year in headline and bullet point to 2020 from 2018:CFO SCHAEFER SAYS WILL NOT DECIDE ON OWN BATTERY CELL PRODUCTION UNTIL AFTER 2020.  Full Article

Continental CFO Says Will Not Decide Over Own Battery Cell Production Until After 2018
Thursday, 8 Nov 2018 

Nov 8 (Reuters) - Continental AG ::CFO SCHAEFER SAYS WILL NOT DECIDE OVER OWN BATTERY CELL PRODUCTION UNTIL AFTER 2018.  Full Article

Continental: Dirk Abendroth To Become New CTO At Continental Automotive
Tuesday, 30 Oct 2018 

Oct 30 (Reuters) - CONTINENTAL AG ::DIRK ABENDROTH TO BECOME NEW CHIEF TECHNOLOGY OFFICER AT CONTINENTAL AUTOMOTIVE.DIRK ABENDROTH JOINING CONTINENTAL FROM BYTON ON JANUARY 1, 2019.  Full Article

Continental Buys Automotive Division From Kathrein
Monday, 29 Oct 2018 

Oct 29 (Reuters) - Continental AG ::SAYS ACQUIRES AUTOMOTIVE DIVISION FROM KATHREIN.SAYS KATHREIN AUTOMOTIVE AND ITS ENTIRE WORKFORCE TO BECOME PART OF CONTINENTAL IN Q1 2019.SAYS THE TWO PARTIES HAVE AGREED NOT TO DISCLOSE THE PURCHASE PRICE.  Full Article

Continental: Supervisory Board Extends Tenure Of CEO Elmar Degenhart
Thursday, 27 Sep 2018 

Sept 27 (Reuters) - CONTINENTAL AG ::SUPERVISORY BOARD EXTENDS TENURE OF CEO ELMAR DEGENHART.EXTENSION FOR A FURTHER FIVE YEARS, UNTIL AUGUST 11, 2024.JOSÉ A. AVILA TO LEAVE EXECUTIVE BOARD AS AT SEPT 30, WILL TAKE ON STRATEGIC ADVISORY ROLE FOR ELECTRIFICATION TECHNOLOGIES.ANDREAS WOLF ASSUMES RESPONSIBILITY FOR OPERATIONS IN THE POWERTRAIN DIVISION TOGETHER WITH NEW MANAGEMENT TEAM ON OCT 1.  Full Article

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 confirms FY margin guidance amid weak China sales

FRANKFURT, Nov 8 German auto supplier Continental AG reaffirmed its outlook for a margin decline in 2018, citing warranty claims and weaker auto production in China and Europe.