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Former Continental AG CEO Karl-Thomas Neumann will return to Volkswagen AG in the newly created role of group chief officer in charge of electric vehicles. He will report to VW CEO Martin Winterkorn.

Tags: Boss, Ceo, Chief Officer, Conti, Continental, Continental Ag, Electric Cars, Electric Vehicles, Karl Thomas, Karl-Thomas Neumann, Martin Winterkorn, Thomas Neumann, Volkswagen, Volkswagen Ag, Vw

Former Continental AG CEO Karl-Thomas Neumann will return to Volkswagen AG in the newly created role of group chief officer in charge of electric vehicles. He will report to VW CEO Martin Winterkorn.

Tags: Boss, Ceo, Chief Officer, Conti, Continental, Continental Ag, Electric Vehicles, Karl Thomas, Karl-Thomas Neumann, Lead, Martin Winterkorn, Thomas Neumann, Volkswagen, Volkswagen Ag, Vw

Wolfgang Reitzle, a former No. 2 executive at BMW AG and one-time boss of Ford Motor Co.’s Premier Automotive Group, is poised to become chairman of Continental AG’s supervisory board.

Tags: Bmw, Bmw Ag, Boss, Continental, Continental Ag, Ford, Ford Exec, Ford Motor, Ford Motor Co., Premier Automotive Group, Supervisory Board, Wolfgang, Wolfgang Reitzle

Continental AG’s U.S. subsidiary announced today that it will close its Huntsville, Ala., electronics plant by year end 2010 because the UAW failed to give contract concessions.

Tags: Alabama, close electronics, Continental, Continental Ag, Continental Electronics, Contract Concessions, electronics, Huntsville, Huntsville Ala, Subsidiary, UAW, United States, Year End

Continental AG’s U.S. subsidiary announced today that it will close its Huntsville, Ala., electronics plant by year end 2010 after the UAW failed to give contract concessions.

Tags: Continental, Continental Ag, Continental Electronics, Contract Concessions, Huntsville Ala, Subsidiary, UAW, Year End

Continental AG’s U.S. subsidiary announced today that it will close its Huntsville, Ala., electronics plant by year end 2010 because the UAW failed to give contract concessions.

Tags: Alabama, close electronics, Continental, Continental Ag, Continental Electronics, Contract Concessions, electronics, Huntsville, Huntsville Ala, Subsidiary, UAW, United States, Year End

Continental AG has a new CEO following a major shake-up of its top management.

Tags: Board Chairman, Ceo, Conti, Continental, Continental Ag, Neumann, Top Management

Continental AG won a vote to repair its finances but will likely lose its second CEO in less than a year amid a bitter power struggle with German ball-bearings maker Schaeffler.

Tags: Ball Bearings, Bitter Power Struggle, Cap, Ceo, Conti, Continental, Continental Ag, Finances, Power Ball, Schaeffler, Vote

Continental AG won a vote to repair its finances but will likely lose its second CEO in less than a year amid a bitter power struggle with German ball-bearings maker Schaeffler.

Tags: Ball Bearings, Bitter Power Struggle, Ceo, Conti, Continental, Continental Ag, Neumann, Power Ball, Schaeffler, Vote

Continental AG’s CEO was asked to resign as a power struggle escalated between the German auto parts maker and its controlling shareholder Schaeffler.

Tags: Auto Parts, auto-parts maker, Continental, Continental Ag, Continental Ceo, German Auto, Power Struggle, Q2 Financials, Schaeffler, Shareholder

German electronics supplier Continental AG has asked its UAW work force in Huntsville, Ala., for a plan to keep their struggling plant open.

Tags: Alabama, Alabama electronics, Continental, Continental Ag, Continental Electronics, Electronics Supplier, German Electronics, Huntsville, Huntsville Ala, Uaw Concessions

Kuwait’s sovereign wealth fund, the Kuwait Investment Authority (KIA), denied today it was in talks to invest in German auto parts supplier Continental AG.

Tags: Auto Parts Supplier, Continental, Continental Ag, German Auto, Invest, Kia, Kuwait, Kuwait Fund, Kuwait Investment Authority

Continental AG’s CEO Karl-Thomas Neumann is planning to propose a 1 billion euros ($1.42 billion) capital increase, a German daily newspaper said. Neumann will present a strategy concept to the supervisory board at the end of July.

Tags: 1 Billion, Ceo, Conti, Continental, Continental Ag, daily newspaper, EUR, Euro, Euros, Karl Thomas, Karl-Thomas Neumann, Supervisory Board, Thomas Neumann, USD

Facing 3.5 billion euros ($4.97 billion) of debt due next August, Continental AG plans to raise fresh equity to plug a hole in its balance sheet, three sources familiar with the matter told Reuters today.

Tags: Balance Sheet, Continental, Continental Ag, Continental Board, EUR, Reuters, USD, Vote

The Kuwaiti Investment Authority may be considering investing in German auto parts supplier Continental AG, German business weekly WirtschaftsWoche reported on Saturday.

Tags: Auto Parts Supplier, Continental, Continental Ag, German Auto, German Business, Investing, Investment Authority, Kuwait, Kuwaiti Investment Authority, Wirtschaftswoche

Continental AG posted an operating profit in the second quarter, both on an underlying and a reported level, and said it still had a “solid” level of cash reserves at the end of June.

Tags: Cash Reserves, Continental, Continental Ag, Liquidity, Operating Profit, Second Quarter

Debt-laden German car parts suppliers Continental AG and Schaeffler Group might need months to fix a botched takeover and come up with a sustainable business strategy, sources familiar with the matter told Reuters.

Tags: Business Strategy, Car Parts, car parts suppliers, Conti, Continental Ag, German Car, Merger, Reuters, Schaeffler Group, Sustainable Business, Takeover

Debt-laden German car parts suppliers Continental AG and Schaeffler Group might need months to fix a botched takeover and come up with a sustainable business strategy, sources familiar with the matter told Reuters.

Tags: Business Strategy, Car Parts, car parts suppliers, Conti, Continental Ag, German Car, Merger, Reuters, Schaeffler Group, Sustainable Business, Takeover

Continental AG is borrowing a page from Apple’s wildly successful iPhone. The German auto supplier plans to launch an “apps” store where drivers can download new telematics features to their vehicles.

Tags: Apple, Apps Download, Auto Supplier, Continental, Continental Ag, Continental System, Download Apps, Drivers Download, German Auto, Iphone, Launch, System Drivers

FRANKFURT (Reuters) – Schaeffler plans to oust Continental AG’s Chairman Hubertus von Gruenberg after it gains approval of its planned takeover of the automotive supplier, Handelsblatt newspaper said, citing sources close to Continental’s…

Tags: Automotive Supplier, Citing Sources, Continental, Continental Ag, Frankfurt, Handelsblatt, Hubertus, Hubertus von Gruenberg, Reuters, Schaeffler, Takeover

Continental AG will close its Blythewood, S.C., plant by the end of 2010, idling 440 workers, the automotive supplier said yesterday. The factory’s diesel-parts manufacturing operations will move to the company’s Newport News, Va., plant.

Tags: Automotive Supplier, Blythewood, Company News, Continental, Continental Ag, Diesel Parts, Manufacturing Company, Move Work, Newport News, Newport News Va, South Carolina, Virginia