Continental AG

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Continental AG is a holding company, which engages in the provision of manufacture and sale of soft rubber products, rubberized fabrics, and solid tires. It operates through the following segments: Automotive, Tires, ContiTech, Contract Manufacturing, and Other/Holding/Consolidation. The Automotive segment comprises technologies for passive safety, brake, chassis, and motion and motion control systems. The Tires segment focuses on the provision of tire technology solutions. The ContiTech segment specializes in developing and manufacturing cross-material, products and systems for the automotive industry. The Contract Manufacturing segment is involved in the contract manufacturing of products. The Other/Holding/Consolidation segment refers to centrally managed subsidiaries and affiliates. The company was founded on October 8, 1871 and is headquartered in Hanover, Germany.

TuSimple Holdings

CF Finance Acquisition Corp. III

Self-driving sensor maker AEye Inc on Wednesday said it had struck deals with German automotive supplier Continental AG and autonomous trucking firm TuSimple related to its technology.

Lidar supplier AEye inks deals with Continental, TuSimple

Apple Inc's (NASDAQ: AAPL) debut in the electric car space has the potential to unlock newer revenue streams for Continental AG's (OTC: CTTAF) (OTC: CTTAY) Vitesco Technologies powertrain unit, capitalizing on Apple's unsuccessful attempts with Hyundai Motor Co (OTC: HYMTF), Bloomberg reports. Soon-to-be spun-off Vitesco does not have many options, according to Bloomberg.

Automotive Part Maker Vitesco Eyes Apple Car For Its EV Foray: Bloomberg

Continental AG (ETR: CON) said on Tuesday that its net loss contracted in 2020 despite a decline in sales due to the ongoing Coronavirus pandemic. The company, however, expressed confidence that its financial performance will recover sharply in the upcoming months.

Continental AG's net loss contracts to £825 million in 2020

German automotive parts maker Continental AG said on Monday it will invest around 60 million euros ($72 million) in expanding a plant in the central Mexican state of San Luis Potosi.

Germany's Continental to invest 60 million euros in central Mexico

Continental AG (ETR: CON) revised its guidance for 2020 on Wednesday and said that it now expects a smaller adjusted earnings margin and lower sales for the full year. In the prior year (fiscal 2019), Continental AG had seen a net loss of £1.09 billion, as per the report published in March.

Continental forecasts lower full-year sales as COVID-19 weighs on demand

Continental hopes the investment will enhance its current short-range LiDAR technology that is slated to go into production by the end of 2020. Then the AEye system would be deployed in a automotive passenger or commercial vehicle later this decade.

Continental AG Takes Stake In AEye To Enhance Its Autonomous Vehicle Technology

Volkswagen AG

German prosecutors have extended their diesel emissions probe to include auto supplier Continental for its role in supplying engine components, searching the company's offices and those of automaker Volkswagen, the companies said on Wednesday.

German authorities search Continental, VW as part of diesel probe

Continental AG (CTTAF) on Q1 2020 Results - Earnings Call Transcript

The Executive Board has also decided to continue preparing the powertrain business for the intended spin-off as planned at a later point in time.

Continental AG Postpones Spin-Off Of Vitesco Technologies Due To Coronavirus Uncertainty

Bridgestone Corp

Goodyear Tire & Rubber

A growing body of scientific research linking tyre wear to microplastic pollution, as well as increasing scrutiny from lawmakers in the European Union (EU), has led the $180 billion-a-year tyre industry to fight back.

Tyre industry pushes back against evidence of plastic pollution

Continental AG (CTTAF) on Q4 2019 Results - Earnings Call Transcript

Continental Fears Headwinds For The Upcoming Years

Continental AG (ETR: CON), the German auto parts giant, has announced that it will phase out over 5,000 jobs across various production plants in Germany, the U.S.

Auto Parts Maker Continental Slashing 5,000 Jobs Citing Transition To Electric Mobility

German auto supplier Continental  on Wednesday said it would pare back its engine manufacturing activities as more stringent emissions rules threaten demand for combustion engine components, resulting in around 5,040 job losses by 2028.

Continental to cut 5,040 jobs as combustion engine demand falls

On October 22, 2019, the Executive Board of Continental AG (OTC: CTTAY, $14.00, Market Capitalization: $28.1 billion) announced that the company has decided to fully spin-off its powertrain business (Vitesco Technologies) with a subsequent listing.

Continental AG Intends to Spin-Off Vitesco Technologies; Shelves Plans for Partial IPO

Brake system and tire maker Continental AG said it's going to take a 2.5 billion euro ($2.8 billion) charge in the third quarter, on the planning assumption there will not be a material improvement in global light vehicle production during the upcoming five-year period. Continental said a significant portion of the impairment are attributable to acquisitions made before 2008.

News for Continental AG Stock (CTTAY)