Continental expects first-half dip in automotive markets

Hanover, Germany – Continental has noted a 4% year-on-year decline in global production of passenger cars and light commercial vehicles in the fourth quarter of 2018.

The negative market trend “is likely to continue unchanged in the first half of 2019,” the group forecast in a 14 Jan preliminary financial statement.

The forecast reflects “continued weak demand in China, the trade dispute between the US and China, and… the switch to WLTP in Europe,” said CFO Wolfgang Schäfer, who also noted issues around Brexit.

But, helped by “slight…

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