BERLIN (Reuters) – 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% from the second quarter but Chinese output to grow at about 4% with Chinese carmakers increasing market share. Continental expected its own profitability to improve in […]
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Continental expects drop in European and North American car output in third quarter
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BERLIN (Reuters) – 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% from the second quarter but Chinese output to grow at about 4% with Chinese carmakers increasing market share.
Continental expected its own profitability to improve in the third quarter despite lower sales, it said.
(Reporting by Victoria Waldersee; Editing by David Goodman)