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Continental Q3 sales declined

Christian Fernsby ▼ | August 6, 2020
Continental consolidated sales in the second quarter amounted to €6.6 billion (Q2 2019: €11.3 billion).
Continental   Production of passenger cars and light commercial vehicles fell
Before changes in the scope of consolidation and exchange rate effects, sales declined by 40 percent.

Topics: Continental

At the same time, the production of passenger cars and light commercial vehicles fell by about 45 percent in the second quarter to a total of 12.3 million units (Q2 2019: 22.1 million units), according to preliminary data.

As a result of temporary plant closures due to the coronavirus pandemic, second quarter production figures in Europe and North America were very weak.

In contrast, production in China increased to 9 percent year-on-year thanks to government subsidy programs.