Continental stops production in some factories
Tyre maker and automotive technology company Continental has ceased production in some of its plants until further notice. It informed the Frankfurt Stock Exchange of measures put in place to adjust production around the world in response to the spread of the coronavirus and the effect of this upon vehicle production. Continental confirmed that its adjustments include complete production stops in some cases.
At the same time, Continental is adapting its cost structures to match “greatly reduced” customer demand. “We are thus ensuring our continued capacity to act in light of a currently very challenging market situation,” shared a company spokesperson. Continental has not given specific information regarding the affected plants and the said measures’ duration.