GERMANY: Continental opens new $9.7m Nuremberg transmission plant
Continental Powertrain Division has opened its new Test and Development Centre for transmission control units at the headquarters of the Transmission Business Unit in Nuremberg.
The automotive supplier has invested around EUR7.5m (US$9.7m) in the building and test facilities, which will employ 200 staff.
The nine laboratories, with an effective floor area of 2,500 square metres, include a hydraulic test bed and a prototyping centre.
"This centre will allow us to offer our customers around the world sustained support in bringing new, top-quality systems and technologies to market even faster," said Continental chairman, Elmer Degenhart.
The move complements Continental's opening of a research and development centre in Romania last week in a US$25.5m investment.
In addition to supplying brake systems, powertrain and chassis systems and components, instrumentation, infotainment, vehicle electronics and technical elastomers, Continental AG ranks as one of the w...
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Schaeffler claims plans to end the mutual investment agreement with Continental are because the deal "no longer has any practical relevance for either company."...
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