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Continental Posts Higher Profit as Cost Cuts Offset Sales Pressure
The German automotive ... to lower costs. Suppliers Michelin and Schaeffler the past week said that they plan to close factories and cut thousands of jobs in Europe. Shares in Continental jumped ... Read More
Germany's Continental To Spin Off Troubled Auto Unit
Continental is in the midst of a cost-cutting drive, announcing in February it planned to slash some 7,150 jobs by 2025. It is among a host of German auto suppliers, from Bosch to ZF, who have ... Read More
Continental to cut 5,000 jobs as demand falls for combustion engines
German auto supplier Continental ... and a further 2,200 jobs in Babenhausen, Germany, are under threat, Continental said. Another 720 jobs will be lost in Newport News, Virginia, where hydraulic ... Read More
Tire maker Continental plans IPO of automotive unit by end 2025
The German tire and auto parts maker Continental plans to complete the listing of its automotive unit on the Frankfurt stock exchange by the end of 2025, it said on Wednesday. Read More
Continental to spin off automotive unit by end of 2025
Continental will spin off its automotive ... jobs, with about 3,000 in Europe, in an effort to save €400 million in personnel costs annually. CFO Olaf Schick said about 4,500 of those cuts ... Read More
Volkswagen Unveils Major Job Cuts In Cost-saving Drive
Crisis-hit auto giant Volkswagen said Friday it planned to cut 35,000 jobs by 2030 in Germany after reaching an agreement with unions on a drastic cost-cutting plan. Read More
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