Continental sees Motorola margin at 8-9 pct in '08

Newswire

HANOVER, Germany, Feb 21 (Reuters) - German automotive parts supplier Continental expects the operating margin at its Motorola AEB electronics unit to expand to around 8-9 percent in 2008 following benefits from its restructuring programme, Chief Executive Manfred Wennemer said on Thursday. In 2007, the business had a 5.6 percent earnings margin before interest, tax, amortisation of purchase price allocation, restructuring and integration costs. Motorola AEB, purchased in 2006 for about ...

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