UPDATE 1-Continental regroups ops into Automotive, Rubber

Newswire

(Adds details) PARIS, Sept 30 (Reuters) - German car parts giant Continental will concentrate its operations around two major business areas, adding a layer of responsibility to its senior management, it said on Tuesday. Continental, now controlled by privately owned German bearings maker Schaeffler, has placed new Chief Executive Karl-Thomas Neumann in charge of its entire automotive operations. The remaining business loosely grouped under the name Rubber will be run by Deputy CEO ...

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