Automotive supplier Continental will be the software pioneer – Handelsblatt

Continental

Continental benefits from rising car sales in Western Europe

(Photo: AP).

Hamburg , the Continental Corporation sees its business model in front of a fundamental change. “Software is the new wheel industry. Almost nothing turns without them, “CEO Elmar Degenhart on Thursday at the annual general meeting in Hanover. “The car will soon be part of the Internet. We are firmly convinced “

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So far, half of the profit depends on Conti. on the tire business, which threw more than 48 percent of the total operating profit last year. In future, however, will the digital transformation also bring completely new sign for the services and product range of the auto supplier said Degenhart told shareholders.

“Zero Accidents are not a utopia anymore,” said Degenhart and pointed out that 60 per cent of all fatal accidents on rural roads passed. He promised: “We wrap the cars of tomorrow in a protective jacket of information. It is thus more secure, climate-friendly and comfortable. He will learn to look in the corner. “The key to this is the continuous linking of mobility by car designed by the car-to-car communication to data transmission with data centers and infrastructure.

” fog, ice, snow, rain, autumn leaves on the road: The car will detect such threats in real time. It will come as early warn. Also from risky overtaking “said Degenhart

At the end of his speech concluded the Conti CEO by stating:.” Our industrial world is in the crucial period of upheaval. The technological race for the design of future mobility is as intense as hardly before. “Degenhart pointed out anew that Conti considering this change is open to partnerships. The Group thereby cooperates already with the network equipment Cisco, the IT giants IBM and the card specialists Nokia

Just in time for the AGM trumped Conti also presents good figures on:. The Group’s sales in the starting quarter of 2015 to around 9 , 6 billion euros, putting thus in comparison to the first three months of the previous year by 14 percent. The crucial for Contis forecast so-called adjusted earnings before interest and taxes grew by about 50 million euros to around one billion euros.

Continental adjusted this figure to one-off effects such as costs recently in connection with the multi-billion dollar acquisition the rubber and plastics specialists Veyance emerged.