GERMANY: Continental AG's moves to explore options for a major restructuring of the group are being driven by transformation within the automotive industry, CEO Dr El-mar Degenhart has stated. Technology changes required flexibility and agility and that was why the company wanted to gear itself toward rapid growth, the Conti boss explained in a 201 7 annual results statement issued 8 March. "We are currently assessing our options. A plan is yet to be finalised," added Degenhart-in comments indicating that major changes do, indeed, lie ahead for the Hanover-based group.
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