Continental AG ups estimates for ESP sales in US

Newswire

FRANKFURT, June 30 (Reuters) - German automotive supplier Continental AG has increased its estimates for the mid-term penetration rate of electronic stability programme (ESP) systems in new cars sold in the United States. "We have revised upward our internal forecast," Continental management board member Karl-Thomas Neumann told reporters late on Wednesday in remarks embargoed until Thursday. "We're now expecting around 70 percent of all new cars sold in the U.S. to be equipped with ESP ...

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