ContinentalAG

Continental's CFO: No Plans to Absorb Excess Costs from Trump Tariffs

29 days ago

In a recent declaration, the Chief Financial Officer (CFO) of Continental AG reaffirmed the company's stance regarding the financial implications of the tariffs implemented during the Trump administration. In an interview, the CFO made it explicitly clear that Continental will not shoulder the burden of these extra costs, which could potentially arise from the ongoing trade policies.

Continental to Lay Off 3,000 Workers Amid Financial Struggles in Auto Division

1 month ago

In a significant move to address ongoing financial challenges, Continental AG, the renowned German automotive supplier, has announced an ambitious plan to reduce its workforce by approximately 3,000 jobs. This decision comes as the company grapples with a downturn in its automotive unit, which has been underperforming in recent months, leading to increased scrutiny and pressure for cost-cutting measures.

BMW Announces Another Recall Over New Brake Issue With Continental Components

6 months ago

German car maker BMW has issued another recall in the wake of fresh concerns over a braking system supplied by Continental AG. A major step was taken by the company to make its brand safe and reliable; thus, it joined the list of recalls that the car maker has already announced this year.