Continental : Time for realism at Continental
>Announcements in the right direction - The various announces made by Continental yesterday appear to reflect management’s determination to move forward clearly on a more favourable basis but also on a more solid foundation. As such, the group first announced its exclusive focus on the option of 100% spin-off of its Powertrain activity, thus ruling out the relatively unrealistic option of a partial IPO (market conditions, the division’s performance). The group also an...Continental is an automotive industry supplier. Co.'s automotive divisions comprised of: Chassis & Safety, which develops and produces systems that provide safety and enhanced vehicle dynamics; Powertrain, which develops solutions for gasoline and diesel engines, as well as hybrid and electrical drive systems; and Interior, which provides solutions for information management within vehicles and networking between vehicles. Co.'s rubber divisions comprised of: Tires, which provides tires for passenger cars through trucks, buses and construction site vehicles to special vehicles, motorcycles and bicycles; and ContiTech, which develops products made from rubber and plastic.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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