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Full amount of gross annual savings to be achieved by 2023.
Broad-based, independent historical study by Prof. Paul Erker sheds light on Continental in the Third Reich.
Savings goals for 2020: cut fixed cash costs by more than 5 percent; reduce capital expenditure by more than 25 percent.
Consolidated sales of €6.620 billion / Adjusted EBIT margin of -9.6 percent.
Continental proceeds with Transformation 2019–2029 structural program according to plan.
The former head will leave the company on July 31. Petznick takes over the management of the business unit from August 1.
Two bonds with a total volume of €1.5 billion successfully placed on the capital market as part of a dual-tranche issue
Global employee commitment toward curbing the spread of coronavirus
Continental expects sales and earnings in 2020 to be significantly below previous year’s figures.
Spin-off with listing of powertrain business no longer to take place this year due to ongoing economic uncertainty.