ERJ staff report (DS)
Continental AG as reported a significant decline in margins across the corporation for the six months to June 2008. Executive Board chairman Manfred Wennemer said the reduction of debt as the top goal: “We are confident that we shall be able to reduce the level of debt this year substantially.”
In the rubber sector, the company reported slow progress, with a similar story of declining margins in both consumer and commercial tyres, although the Conti Tech unit performed better.
Consumer tyres reported a…