Continental revises down outlook for 2019
FILE PHOTO: Flags of German tyre company Continental are pictured before the annual news conference in Hanover, Germany,March 7, 2019. REUTERS/Fabian Bimmer
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FRANKFURT (Reuters) – Continental <CONG.DE> 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)