Continental Delivers Solid Operational Performance in Weak Market...
(WorldNews Germany)

Sales up 3 percent in the third quarter to EUR11.1 billion (down 0.3 percent organically) Adjusted EBIT of EUR615 million (margin: 5.6 percent) Net income in the third quarter of -EUR1.99 billion due to previously announced one-time effects from goodwill impairment and provisions Adjusted targets for the year as a whole confirmed CEO Dr. Degenhart: `The current situation requires us to enhance our long-term competitiveness. With our global Transformation 2019-2029 structural program we are taking the necessary steps to achieve this.` Continental supplies electronic architecture for highly connected Volkswagen ID. and starts production of fully integrated e-drive system for Groupe PSA and Hyundai...