Continental AG's 2008 EBIT margin at 8 pct -sources


HANOVER, Germany, Jan 28 (Reuters) - Continental AG posted a full-year 2008 operating profit margin of 8 percent, several people familiar with the matter told Reuters on Wednesday. The German automotive supplier had previously cut its profitability target twice, to 8.5 percent from 9.3 percent in September and again to 7.5-8.0 percent in December. The sources also said that Continental manager Gerard Cordonnier would be appointed as new Chief Financial Officer of the company. ...

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