Mexican Media Brands
Conti: No Profits in Autonomous Cars Until 2030
Continental AG says it expects no significant revenue from its autonomous-driving products until at least 2030.
#economics
Share
Continental AG says it expects no significant revenue from its autonomous-driving products until at least 2030.
CEO Elmar Degenhart says the shorter-term market will be defined by the growing use of driver-assist features, such as blind-spot and lane departure warnings. These conveniences use the same technologies required for self-driving vehicles.
Degenhart’s comments came as Conti reported a 12% drop to €4 billion ($4.5 billion) in operating earnings for 2018. Adjusted revenue rose 1% to €44.2 billion ($49.7 billion). Net income slipped 3% to €2.9 billion ($3.3 billion).
The company notes that its business this year “got off to a subdued start.” Conti expects is adjusted operating margin this year will be between 8% and 9%, compared with earlier guidance of more than 9%.
RELATED CONTENT
-
Multiple Choices for Light, High-Performance Chassis
How carbon fiber is utilized is as different as the vehicles on which it is used. From full carbon tubs to partial panels to welded steel tube sandwich structures, the only limitation is imagination.
-
Robotic Exoskeleton Amplifies Human Strength
The Sarcos Guardian XO Max full-body, all-electric exoskeleton features strength amplification of up to 20 to 1, making 200 pounds—the suit’s upper limit—feel like 10 pounds for the user.
-
TRW Multi-Axis Acceleration Sensors Developed
Admittedly, this appears to be nothing more than a plastic molded part with an inserted bolt-shaped metal component.
