鈥淐ar supplier reduces profit forecast鈥�
Handelsblatt
German automotive supplier Continental expects its 2017 profit to be significantly lower than the previous year. The drop is down to 鈥減otential expenditure for warranties and pending antitrust proceedings and the aftermath of three earthquakes in Japan as well as high R&D advances,鈥� the company said in an ad-hoc message. Higher expenditures for research and development were most likely due to the 鈥渦nexpectedly fast development of purely battery-powered drives鈥�, according to analysts from Barclays, writes Handelsblatt in a separate article.
Read the article in German and Continental鈥檚 ad-hoc message in English .
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