Continental delays AV investments after Q1 earnings plunge

Continental's CUbE employee shuttle is pictured at the supplier's Auburn Hills offices.

By:

Edward Taylor

By:

Reuters

May 07, 2020 07:59 AM

FRANKFURT -- Continental said it was postponing investments as its operating profit plunged by 47 percent in the first quarter, hit by coronavirus lockdowns which caused a 25 percent drop in global car production.

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