Continental CEO rules out share buyback - paper

Newswire

FRANKFURT, Dec 28 (Reuters) - German tyre and car parts maker Continental AG has ruled out buying back the company's own shares, its chief executive told Die Welt. "We want to grow, not to shrink. That's exactly the case by most companies which buy back own shares," Manfred Wennemer said in a summary copy of the newspaper's Friday edition. Continental ruled out a share buyback earlier this year, despite its strong cash flows. Its shares ended unchanged at 88 euros on Thursday, broadly ...

Premium Content (PAID Subscription Required)

"Continental CEO rules out share buyback - paper" 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: lwilliamson@wardsauto.com or phone: (248) 799-2642
 

Current subscribers, please login or CLICK for support information.

Already registered? here.
Insights

Feb 12, 2016
Video
WardsAuto

Subaru 2.0L Turbo-4 Boxer -- 2016 Award Acceptance

Subaru accepts its award at the 2016 Wards 10 Best Engines ceremony, held Jan. 13 in Detroit....More

Enewsletters

Follow Us

Sponsored Introduction Continue on to (or wait seconds) ×