German auto parts giant Continental to slash 3,000 more jobs [Yahoo! Finance]
CONTL AG S/ADR (CTTAY)
NASDAQ:AMEX Investor Relations:
continental-corporation.com/en/investors/overview
Company Research
Source: Yahoo! Finance
The Continental AG logo can be seen in front of the automotive supplier's headquarters. Moritz Frankenberg/dpa German parts supplier Continental plans to cut a further 3,000 research and development jobs in its automotive division by the end of 2026, with more than half of the cuts to hit plants in Germany. The company announced on Tuesday that its Nuremberg facility would be shuttered as part of the cuts, and other facilities in the German states of Hesse and Bavaria would also be hit hard. Continental cited the downturn in Germany's automotive industry in announcing the additional job cuts. A year ago, Continental had announced a round of cuts as part of cost-savings efforts. At that time, it said 7,150 jobs would be eliminated in its automotive division, with 5,400 of those cuts to hit administration and 1,750 in development. Continental said on Tuesday that those previously announced reductions have now been 80% to 90% implemented. With the latest announcement, total jo
Show less
Read more
Impact Snapshot
Event Time:
CTTAY
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
CTTAY alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
CTTAY alerts
High impacting CONTL AG S/ADR news events
Weekly update
A roundup of the hottest topics
CTTAY
News
- German tyre manufacturer Continental appoints new chief executive [Yahoo! Finance]Yahoo! Finance
- Global Automotive Air Spring Market Driven by Rising Vehicle Comfort Demand, Advanced Suspension Technologies, and a Strong 6.5% CAGR - Market Research Intellect [Yahoo! Finance]Yahoo! Finance
- Rohit Markan Appointed Executive Vice President Asia Pacific For Continental's Industrial Solutions Business [Yahoo! Finance]Yahoo! Finance
- Global Head-Up Display Market Set to Hit USD 7.34 Billion by 2030, Driven by ADAS Demand [Yahoo! Finance]Yahoo! Finance
- Continental (OTCMKTS:CTTAY) was downgraded by analysts at Barclays PLC from a "strong-buy" rating to a "hold" rating.MarketBeat