FRANKFURT, July 31 (Reuters) - Continental AG said on Friday its supervisory board would decide on Aug. 12 on management changes in the wake of a power struggle that has seen Chief Executive Karl-Thomas Neumann lose the confidence of shareholders. A supervisory board meeting late on Thursday had failed to achieve the necessary two-thirds majority vote to terminate Neumann's contract. An arbitration process requiring only a simple majority also did not arrive at a conclusion, it said. ...
Premium Content (PAID Subscription Required)
"Conti delays management changes to Aug. 12 meeting" is part of the paid WardsAuto Premium content. You must log in with Premium credentials in order to access this article. Premium paid subscribers also gain access to:
All of WardsAuto's reliable, in-depth industry reporting and analysis
Hundreds of downloadable data tables including:
• Global sales and production data by country
• U.S. model-line inventory data
• Engine and equipment installation rates
• WardsAuto's North America Plant by Platform forecast
• Product Cycle chart
• Interrelationships among major OEMs
• Medium- and heavy-duty truck volumes
• Historical data and much more!
For WardsAuto.com pricing and subscription information please contact
Lisa Williamson by email: email@example.com or phone: (248) 799-2642