Manufacturing & Materials - Industry Center - Yahoo Finance
- DLPHReuters•35 minutes ago
BERLIN/FRANKFURT, April 25 (Reuters) - Car components maker Continental AG is set to invest an extra 300 million euros ($326 million) in electric drives by 2021 but also remains committed to its combustion-based powertrain business, the company said on Tuesday. The world's second biggest supplier to vehicle manufacturers by sales, Continental is also strengthening its expertise in automotive electronics as customers such as Volkswagen , Daimler and Ford raise their investments in electric and self-driving technologies. By raising spending on development of new products such as charging systems and battery management components, Continental may generate an additional 2 billion euros in sales by 2025, Chief Executive Elmar Degenhart said.
- TSLABusiness Insider•48 minutes ago
David Einhorn's Greenlight Capital is out with its first quarter letter to investors. The...