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You are here: Home1 / News2 / Company News3 / Continental AG measures ‘encouraging’, but R&D budgets and European tyr...

Continental AG measures ‘encouraging’, but R&D budgets and European tyre factories could be cut – analysts

Date: 15th May 2020 Author: Chris Anthony Comments: 0

Financial analysts from Jefferies described Continental AG’s plan for fiscal improvements during the corona-crisis “encouraging”, according to an analyst report published 15 May 2020. That Conti’s management highlighted “positive data points in China and the European replacement tyre market”, would seem to be positive indications for the whole tyre business. Specifically, replacement tyre demand was described as “strong” in Germany. However, R&D budgets are likely to be cut and there was even the suggestion that European tyre factory numbers could also be cut back.

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budgets, car tyres, Continental, Europe, featured, Germany, Manufacturing, R&D, research and development, shares, truck tyres, Tyre retail

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