BERLIN (Reuters) – Continental AG expects production of light vehicles in North America to fall by around 7% in the first quarter, the German auto supplier said on Tuesday, citing “economic uncertainty” ahead of looming tariffs on the sector. In the group’s automotive division, the adjusted margin on earnings before interest and tax is expected […]
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Continental AG: North American light vehicle production likely fell 7% in Q1
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BERLIN (Reuters) – Continental AG expects production of light vehicles in North America to fall by around 7% in the first quarter, the German auto supplier said on Tuesday, citing “economic uncertainty” ahead of looming tariffs on the sector.
In the group’s automotive division, the adjusted margin on earnings before interest and tax is expected to break even in the first three months of the year, according to the summary of a regular call with analysts and investors ahead of quarterly results.
Continental is scheduled to release first-quarter results on May 6.
(Reporting by Victoria Waldersee and Christoph Steitz; Editing by Tomasz Janowski)