News Digest Item
16 Dec 2016

“Continental will make losses with e-mobility at least for another three years”


Elmar Degenhart, Chairman of the Executive Board of German car supplier Continental, does not  expect to make profits with products in the e-mobility sector before 2020, he told WirtschaftsWoche in an interview. “The transition from the combustion engine to e-mobility will only really gain momentum between 2025 and 2030. […] The necessary development expenditure is the greatest challenge for our industry,” said Degenhart.

Read the article in German here.

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