Categories: Business

Supplier: Conti-chief: broke shaft in the auto industry, threatens to

Continental CEO Elmar Degenhart expected for the case of a continuing slump in Demand due to the Corona-crisis drastic consequences for the whole car industry. The policy must therefore against taxes.

The Chairman of the Board of the Dax group from Hanover, said in an Interview with the German press Agency, the difficult structural changes from digitization, E-mobility, and assistance systems is to create many small companies to. “On top of a market crisis, which was no longer so since 1930 is to come. If in the summer, no significant recovery of the market in Europe is looming, we fear, in spite of all support measures a series of bankruptcies.”

The German key industry lack of car purchases and problems in the supply chains. “The second quarter is likely to be economically the most difficult of the post-war period,” said Degenhart looking at the major suppliers of entire equipment systems, such as Conti.

The previous economic program of the Federation of the Manager with mixed feelings. The lowering of the VAT up to the end of the year, will “have some effect”. But the exclusion of modern burners of the purchase premium was disappointing. Important now the cost of a decrease in the energy.

Matthew Velter

With 5 years of experience as an editor, Matthew has been a crucial part of eTrendy Stock since its inception. He looks after the editing of news content published on eTrendy Stock. Apart from investing his time in editing, he also provides well-researched news articles for the U.S. niche. Mathew studied at University of central Florida.

Recent Posts

NodeOps Network $NODE Token Generation Event Sells Out in Minutes via Binance Wallet, Debuts Across Top Global Exchanges

Dubai, UAE, 30th June 2025, ZEX PR WIRE, NodeOps Network is thrilled to announce the…

6 hours ago

LF Labs (LF Coin) Breakout Steals Spotlight as Shiba Inu Price Targets $0.000017 Return

Dubai, UAE, 30th June 2025, ZEX PR WIRE, LF Labs (LF Coin) gained momentum today…

6 hours ago

How Leclerc & Co. Is Redefining Affordable Luxury in the Watch Industry

In a market flooded with mass-produced designs and influencer-driven hype, a new contender is emerging…

2 days ago

Arbra Unveils Tokenized Private Equity Basket with SpaceX, Ramp, and Varda on Colb

London, UK, 27th June 2025, Arbra Partners Group (“Arbra”), the global financial services company, has…

3 days ago

Calyptus Launches New AI Hiring Platform To Close the Global Productivity Gap

London, UK, 27th June 2025, ZEX PR WIRE, Calyptus, the hiring platform known for verifying…

3 days ago

Unleashing Ghostdriver by Tearline: Browser-Native AI Agent for the Seamless Web2 and Web3 Task Execution

British Virgin Islands, BVI, 26th June 2025, ZEX PR WIRE, In an era where every second…

5 days ago