By Max Bernhard
Continental AG (CON.XE) said Tuesday that it is targeting carbon-neutral production by 2040 and that it plans to exclusively use renewable energy at all its production sites globally by the end of next year.
"In terms of sales, we will reduce our energy expenditures by a fifth over the next 10 years," Chief Executive Elmar Degenhart said at the Frankfurt Motor Show.
Continental said that its environmental strategy also relates to resource efficiency, waste reduction, and the sustainable use of water in regions where access to clean water is difficult.
Mr. Degenhart also called on legislators in Germany to reduce the tax burden on automotive companies.
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