Automotive Industry
Industry: Email Alert RSS FeedContinental makes gains with hybrids; CEO Wennemer says supplier will maintain high profit margin.(Talk From The Top)(Interview)
Automotive News Europe, April, 2006 by Chew, Edmund
Byline: Edmund Chew
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Continental is currently one of the most successful global automotive suppliers. Its 2005 sales rose 9.8 percent to [euro]13.84 billion compared with the year before. Operating income increased 30.2 percent to [euro]1.5 billion and the German tire and electronics supplier improved its return on sales to 10.9 percent last year from 9.2 percent the year before. In February, Continental CEO Man-fred Wennemer said acquisitions would continue to be a top priority for the company in 2006. He kept his word this month when the German partsmaker announced plans to ...
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