Continental expects drop in European and North American car output in third quarter

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BERLIN : German automotive supplier Continental said on Tuesday that it expected global production of passenger cars and light trucks in the third quarter to fall more 3 per cent from the second quarter but Chinese output to grow at about 4 per cent with Chinese carmakers increasing market share.

Continental expected its own profitability to improve in the third quarter despite lower sales, it said.

FILE PHOTO: A tyre of German tyre company Continental is pictured before the annual news conference in Hanover, Germany,March 7, 2019.

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Category: EconomyBusiness

Markets: SingaporeGermany

Topics: Chinese Tyre Mediacorp German Cent Expected Experience File Third Quarter Continental

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-09 @ 00:03:27 (2 hours ago)

News Timezone: GMT +8:00

News Source URL: channelnewsasia.com

Language: English

Article Length: 140 words

Reading Time: 1 minutes read

Sentences: 6 lines

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Copyright Owner: © Channel News Asia

News ID: 22956703

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