Category: Continental

Continental Restarts Tyre Making at Russian Plant to Protect Workers

April 21, 2022
Business & EconomyCompaniesContinentaleconomic policieseconomyEuropeMarketsRussiaRussia-Ukraine WarsanctionsUkraineWorld
0 Comment

FRANKFURT—German car parts supplier Continental AG has temporarily resumed tyre production for passenger cars at its Russian plant in Kaluga, it said on Tuesday, to protect local workers who could otherwise face criminal charges. Continental said the move was aimed at meeting local demand and in line with sanctions imposed on Moscow for its invasion…

Read More

Continental Replaces Finance Chief After Prosecutor’s Investigations

November 17, 2021
Business & EconomyCompaniesContinentalEuropeprosecutionWorld
0 Comment

BERLIN—Germany’s Continental will replace Wolfgang Schaefer as Chief Financial Officer after an investigation by prosecutors into the illegal use of defeat devices in diesel engines, the automotive supplier said on Wednesday. The company’s supervisory board made the decision at an extraordinary meeting and agreed that Nikolai Setzer, Chairman of the executive board, would take over…

Read More

Harold Hamm Purchases $5.17 Million in Continental Resources Stock: Filing

November 13, 2021
Business & EconomyCompaniesContinentalHarold HammMarketsstock
0 Comment

Shale pioneer Harold Hamm this week purchased $5.17 million worth of stock in Continental Resources, the company he founded, according to a regulatory filing published on Friday. A representative for Continental did not immediately respond to a request for comment.

Continental Restructures Technology Unit, Downsizes Board

October 1, 2021
BerlinBusiness & EconomyCompaniesContinentalRestructuring
0 Comment

BERLIN—German car parts maker Continental announced plans for a restructuring that will combine from the start of next year business activities around connectivity, mobility, and high-performance computers, it said on Thursday. Its tires business and the ContiTech division, focused on rubber technologies, will become independent group sectors, while its Automotive Technologies branch will split into…

Read More