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Problems at Continental

Business Published the 18/12/2009

Continental, the German equipment supplier has reported one billion euros in losses for the third quarter. This figure can be explained by the slowdown in the auto industry, at least in part.

Continental rests  optimistic for the fourth quarter, and predicts a solid improvement by the end of March,  due to an expected influx of capital.  Additionally, Continental will continue their hedging activities by closing factories and reducing production.