Mexican Media Brands
Continental Expects Record Sales in 2015
Continental AG, whose revenue last year rose 2% to €33.3 billion, predicts demand for its advanced vehicle electronics will boost sales 5% in 2014.
#economics #electronics
Share
Continental AG, whose revenue last year rose 2% to €33.3 billion, predicts demand for its advanced vehicle electronics will boost sales 5% in 2014.
The company reports estimated pretax earnings for 2013 of €3.7 billion compared with from €3.1 billion last year. Growth was achieved in spite of unfavorable exchange rates that cost more than €700 million. Conti will report final numbers in March.
The company was able to offset slumping demand in Europe with increased sales to BMW, Daimler and Volkswagen operations overseas, Bloomberg News notes. The company also expects continued strong demand for its driver assist, navigation and electric/hybrid powertrain systems.
Conti expects worldwide output of cars and light trucks this year will advance by 2 million units to more than 85 million units.
RELATED CONTENT
-
Ford’s $42 Billion Cash Cow
F-Series pickups generate about 30% of the carmaker’s revenue. The tally is about twice as much as what McDonald’s pulls in.
-
Enterprise Edges into Self-Driving Car Market
U.S. rental car giant Enterprise Holdings Inc. is the latest company to venture into the world of self-driving vehicles.
-
Global Car Market to Shrink for 2-3 Years
Global sales of light vehicles will decline year on year through at least 2021, predicts LMC Automotive at its annual outlook conference outside Detroit, Mich.