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You are here: Home1 / Elmar Degenhart

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Former Conti CEO Degenhart named in Dieselgate investigation

Company News

Wolfgang Schäfer’s tenure as chief financial officer of German automotive technology company and tyre maker Continental ended abruptly on Wednesday amidst ongoing investigations into the supply of illegal defeat devices for diesel engines, but he’s not the only former Continental manager in the prosecutor’s sights. A representative from the Public Prosecutor’s Office in Hannover announced yesterday that they’re also investigating former chief executive officer Elmar Degenhart and a further ex-board member linked to the Powertrain division, as well as two employees below board level.

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Related news:

  1. Dieselgate probe: Continental ends relationship with CFO Schäfer
  2. Continental bosses lay foundation stone for new HQ
  3. Revisiting the past for a better future – Continental looks at Nazi era activities
  4. Continental to expand restructuring programme to save 1 billion euros by 2023
19th November 2021/by Stephen

Nikolai Setzer takes over as Continental CEO

Career Tracks, Company News, International News
Continental

Continental AG has appointed Nikolai Setzer (49) as its new executive board chairman until March 2024, effective 1 December 2020. He succeeds Dr. Elmar Degenhart (61), who is stepping down for health reasons, effective 30 November 2020. Setzer is widely seen as a safe pair of hands for the company who has been prepared for the position for years.

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Related news:

  1. Arthur Gregg new Bandvulc MD
  2. Richard Lyons resigns from Giti
  3. Conti CEO warns staff of job cuts
  4. Nikolai Setzer in line to take over at Continental
13th November 2020/by Chris

Nikolai Setzer in line to take over at Continental

Career Tracks, Company News, International News

Following the news that Elmar Degenhart is stepping down as Continental AG chief executive at the end of the month, Nikolai Setzer is being touted as his most likely replacement. On 12 November 2020 Continental AG’s supervisory board is scheduled to meet. Deciding the successor to outgoing CEO Elmar Degenhart will no-doubt be top of the agenda. According to the German Handelsblatt newspaper, Nikolai Setzer has been lined up to take over from the outgoing Conti boss.

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Related news:

  1. Nikolai Setzer takes over as Continental CEO
  2. HPTC opening brings Industry 4.0 to Continental’s tyre production
  3. Continental celebrates official start of US factory project
  4. Football: Continental signs up for 5 more years with Bundesliga club Hannover 96
2nd November 2020/by Chris

Continental CEO Degenhart resigns

Career Tracks, Company News

Although his contract has almost another four years to run, Dr Elmar Degenhart has notified Continental AG of his intention to step down as chief executive officer and as director of the Continental Executive Board. Dr Degenhart’s decision to take leave of the company on 30 November 2020 is based upon “reasons of immediately essential preventive health care,” he informed Continental’s Supervisory Board yesterday. In the near future, Professor Wolfgang Reitzle will convene the Supervisory Board to decide upon the appointment of Degenhart’s successor.

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Related news:

  1. Supervisory Board approves Continental realignment
  2. Continental discussing ‘need for action’ with employee representatives
  3. Continental to expand restructuring programme to save 1 billion euros by 2023
  4. Continental parting ways with human resources head
30th October 2020/by Stephen

Continental in talks to sell parts of its group

Company News, International News
NRZ, Arno Borchers

The recent news that Continental AG will close its Aachen, Germany tyre factory underlines the fact that it is aiming to cut 13,000 of 59,000 jobs in Germany as part of a major group-wide cost-cutting programme. Now, the German Manager Magazin is reporting that Continental is also considering the sale of parts of the wider group. Indeed, Continental is said to be in talks “already with prospective customers”. The Rubber Technologies business sector, which includes Continentals Tire and ContiTech division is also said to be affected.

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Related news:

  1. Continental holds HQ topping out ceremony
  2. Continental bosses lay foundation stone for new HQ
  3. Revisiting the past for a better future – Continental looks at Nazi era activities
  4. Continental to expand restructuring programme to save 1 billion euros by 2023
13th October 2020/by Chris

Continental to expand restructuring programme to save 1 billion euros by 2023

Career Tracks, Company News
Continental AG

Continental is expanding the restructuring programme it initiated in 2019. The company is adding further measures to cut costs and increase efficiency to its Transformation 2019-2029 programme. The tyre manufacturer wants to achieve gross annual savings of more than 1 billion euros by 2023. This is significantly more than previous targets – in fact more than doubling the initially quoted figure. In total it expects the changes to affect more than 30,000 jobs worldwide. Its workers in Conti’s domestic market in Germany will be the largest part, with 13,000 affected jobs. A further major proportion will be in countries with high labour costs. Conti says these jobs will be modified, relocated, or made redundant. Conti says the programme aims to ensure its viability and strengthen global competitiveness in the long term.

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Related news:

  1. Continental announces major organisational realignment
  2. Supervisory Board approves Continental realignment
  3. Job cuts, changes: Continental responds to evolving automotive market
  4. Revisiting the past for a better future – Continental looks at Nazi era activities
1st September 2020/1 Comment/by Andrew

Revisiting the past for a better future – Continental looks at Nazi era activities

Company News
Tyrepress/Stephen Goodchild

Confronting one’s past can be a taxing experience, all the more so when this past includes one of history’s darkest hours. But this is exactly what tyre maker and automotive systems company Continental is doing in the run-up to its 150th anniversary – it is looking back more than three-quarters of a century to examine the firm’s role within the Nazi system and in Hitler’s war. Continental’s review of its involvement with the National Socialist government in Germany is being supported by the findings of an independent academic study, which was presented this morning.

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Related news:

  1. Continental bosses lay foundation stone for new HQ
  2. Continental withdraws outlook for ‘uncertain’ 2020
  3. Continental to expand restructuring programme to save 1 billion euros by 2023
  4. Continental in talks to sell parts of its group
27th August 2020/by Stephen

Continental withdraws outlook for ‘uncertain’ 2020

Company News

The entire automotive industry has been impacted by the coronavirus pandemic, and companies are taking steps to ensure their survival. Continental has provided an update on the latest measures being implemented, including reduced working hours and displays of executive solidarity. It has also buried its outlook for 2020.

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Related news:

  1. Conti: Corona bridge concept will save jobs
  2. Revisiting the past for a better future – Continental looks at Nazi era activities
  3. Continental discussing ‘need for action’ with employee representatives
  4. Bridgestone temporarily closes, slows tyre production at European factories
1st April 2020/1 Comment/by Stephen

Continental postpones Annual Shareholders’ Meeting

Company News

Continental is postponing its 2020 Annual Shareholders’ Meeting, which was scheduled to take place on 30 April. It reached this decision after the regional government in Lower Saxony, Germany announced a ban on large events in response to the coronavirus pandemic. Postponement was viewed as preferable to relocating the event away from the company’s home town of Hannover.

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Related news:

  1. Continental Q1 2017 sales up 11.7% to €11 billion
  2. Continental withdraws outlook for ‘uncertain’ 2020
  3. Continental Q1 2015 sales up 14% to €9.6 billion
  4. Continental: Net income up 2.1% despite higher in raw material costs
16th March 2020/by Stephen

Continental holds HQ topping out ceremony

Company News, International News

The future of Continental is taking shape – 15 months after holding a groundbreaking ceremony for its new headquarters site in Hannover, Germany, last week the tyre maker and automotive systems provider held a topping out ceremony for the facility. During the ceremony, Continental chief executive officer Dr Elmar Degenhart reported that the progress remains “right on schedule” and the buildings will be ready to be occupied in time for the company’s 150th anniversary in 2021.

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Related news:

  1. Continental signs MoU for new headquarters site in Hannover
  2. Design chosen for Continental’s new headquarters
  3. Continental breaks ground on new HQ project
  4. Continental bosses lay foundation stone for new HQ
14th November 2019/by Stephen

Continental discussing ‘need for action’ with employee representatives

Company News
Photo: Continental AG

Continental is the latest automotive sector company to report lower year-on-year income in the second quarter of the year. The tyre maker and automotive systems supplier describes its fiscal performance during the period as “an overall solid” result despite a “sharply declining market.” It is nevertheless considering ways of keeping its production costs in check, and will report its progress to this end in the weeks to come.

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Related news:

  1. Continental net income up almost a quarter in “extremely successful” 2014
  2. Continental: €44 billion in sales, 10.8% EBIT margin in 2017
  3. Continental CEO Degenhart resigns
  4. Continental: Q1 2018 sales up slightly despite exchange rate effects
7th August 2019/by Stephen

Continental bosses lay foundation stone for new HQ

Company News

The foundation stone for Continental’s new headquarters in Hannover, Germany is now in place, and the company says its construction project is on schedule. Chief executive officer Dr Elmar Degenhart and Executive Board members Dr Ariane Reinhart and Wolfgang Schäfer hosted a ceremony to mark the occasion at the construction site last Wednesday.

Read more

Related news:

  1. Continental signs MoU for new headquarters site in Hannover
  2. Design chosen for Continental’s new headquarters
  3. Continental breaks ground on new HQ project
  4. Continental holds HQ topping out ceremony
13th May 2019/by Stephen

Continental celebrates 50 years of tyre tests with driverless vehicles

Company News

Driverless cars? Continental had those 50 years ago…It is exactly half a century today since the tyre maker demonstrated its first electronically controlled driverless car at its Contidrom facility in Germany. In those days a car cruising the Contidrom circuit without someone behind the wheel was a novel sight, to say the least, and Continental recalls that more than 400 newspapers, magazines, radio stations and television channels reported on the events of 11 September 1968.

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Related news:

  1. Bridgestone aiming for driver-free tyre noise testing
  2. Continental bosses lay foundation stone for new HQ
  3. Revisiting the past for a better future – Continental looks at Nazi era activities
  4. Continental to expand restructuring programme to save 1 billion euros by 2023
11th September 2018/by Stephen

Continental: Tire division sales, EBIT lower in H1 2018

Company News

Although company sales and income were up during the first half of 2018, there was little to celebrate within the Tire division at Continental. Division sales volumes, sales and EBIT all decreased year-on-year in the six months to 30 June.

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Related news:

  1. Continental aiming for 5% sales growth in 2015, releases preliminary 2014 results
  2. Continental net income up almost a quarter in “extremely successful” 2014
  3. Continental lifts 2015 earnings forecast following H1 ‘success’
  4. Continental: Growth in sales, income in 2017
2nd August 2018/by Stephen

Continental breaks ground on new HQ project

Company News

The first sods of earth in the construction of the new Continental headquarters in Hannover, Germany were turned yesterday at an official groundbreaking ceremony. The facility, which carries the snappy title Continental Campus, is expected to be finished by the end of 2020 and provide space for 1,250 employees. The entire headquarters workforce should be housed in the new buildings by 2021, the company’s 150th anniversary.

Read more

Related news:

  1. Continental signs MoU for new headquarters site in Hannover
  2. Continental seeking architectural concepts for new HQ
  3. Design chosen for Continental’s new headquarters
  4. Continental HQ project – twice as expensive as first announced?
1st August 2018/by Stephen
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