Continental Mulls Closing Nine of 32 Powertrain Plants -HAZ
23 August 2019 - 04:32PM
Dow Jones News
--German automotive-parts company Continental AG (CON.XE) is
considering closing nine of its overall 32 Powertrain plants,
German newspaper Hannoversche Allgemeine Zeitung reports, citing
people familiar with the matter.
--The closures could affect German and global sites of the
Powertrain business, which Continental plans to list on the stock
market as part of an overall company restructuring, the newspaper
reports.
--Continental declined to comment on the reported closures when
contacted by Dow Jones, but a spokeswoman said: "Our goal is to
work together with our employees to develop solutions that will
secure the competitiveness and future viability of our company in
the long term."
Full story (in German): https://bit.ly/2ZlY5MP
Write to Barcelona editors at barcelonaeditors@dowjones.com
(END) Dow Jones Newswires
August 23, 2019 10:17 ET (14:17 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.
Continental (TG:CON)
Historical Stock Chart
Von Feb 2024 bis Mär 2024
Continental (TG:CON)
Historical Stock Chart
Von Mär 2023 bis Mär 2024