The German auto supplier also said that it may have to make provisions for warranty claims in the second half of the year.
(Reporting by Tom Sims, editing by Deepa Babingotn)
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60.88 EUR | +0.46% | -1.10% | -20.85% |
May. 10 | CONTINENTAL AG : Buy rating from JP Morgan | ZD |
May. 10 | CONTINENTAL AG : Goldman Sachs remains Neutral | ZD |
FRANKFURT (Reuters) - Continental on Monday cut its 2019 outlook, citing expectations for a decline in global vehicle production and unanticipated changes in consumer demand for some products.
The German auto supplier also said that it may have to make provisions for warranty claims in the second half of the year.
(Reporting by Tom Sims, editing by Deepa Babingotn)
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