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26. August 2019

Drive Technology: Will Continental shut down nine plants?


As the German media reports, the automotive supplier Continental is considering the possible closure of nine of its 32 powertrain factories worldwide.

"Hannoversche Allgemeine Zeitung", quoting workers' unions, reported that German sites could also be affected. Ralf Schamel, the responsible company representative at Continental, cannot confirm this, but at the beginning of August, Continental had pointed to the weakening economy and a possible drop in profits.

While discussions continue, however the impending change in drive technology is expected to be made in an  socially acceptable manner.

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Continental

Vahrenwalder Straße 9
30165 Hanover

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