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. The global auto supplier, which employs more than 240,000 staff, has suffered from a global downturn in demand for passenger cars and a shift away from gasoline and diesel toward battery-powered vehicles. Continental said around 520 jobs will be lost w
German automotive supplier Continental AG on Wednesday said it would cut jobs and close plants over the next 10 years as it faces a slowing global auto sector. The program will result in costs of around 1.1 billion euros (972.9 million pounds), which will mainly be incurred between 2019 and 2022, the company said after a meeting of its supervisory board. The slowdown in the auto sector has prompted profit warnings from various suppliers, including Continental, in recent months.
Also, BMW and Mercedes could share a platform for 1 Series and A-Class.
The difference in levels of acceptance is huge.
A 6-inch stretch and tons more luxury are baked into the large Lincoln.
Could a throwback to the 1960s be coming for the Continental?
The breakup would follow an industry trend.
Magna will help mass-produce the technology.
Will the car sit idly by while you go through Border Patrol questioning?
Nvidia, TomTom, Ford, Daimler among them.
Transparency, labor rights, and preventing deforestation are keys to the initiative.
Automaker profit margins may be slim, so far, but suppliers are benefitting as more people adopt green vehicles.
Lincoln has priced the new Continental aggressively, targeting the Audi A6 and offering consumers four trims, three power levels, and the option of AWD.
Survey says people think EVs are good for the environment but not that fun to drive.
Automotive camera technology has gone from providing low-res, grainy images from a single perspective to practically photo quality from any angle, in just a few years. There's no stopping the march of progress, though, because Continental is already demoing what it thinks is the next evolution of the tech that gives a true birds-eye-view.