ROMANIA: Continental opens R&D centre in Timisoara
From left to right: Eugen Dogariu, prefect of Timis County, Prof. Dr. Christian von Albrichsfeld, general manager Continental Automotive Romania, Nicolae Robu, mayor of Timisoara, Helmut Matschi, member of the Continental Executive Board, Klaus Christian Olasz, German consul in Timisoara.
Continental has opened a new R&D centre in Romania.
The 30,000 square metre building accommodates over 2,000 employees and represents an EUR20m (US$25.5m) investment.
"This R&D centre features another important milestone in our history in Romania and it underlines the importance of our engineering and development capabilities for our global customer base," said Helmut Matschi, member of the executive board of Continental and president of the interior division.
The inauguration event brought together the Continental management team both from Romania and abroad and representatives of the local authorities: Klaus Christian Olasz, German Consul, Eugen Dogariu, Timis County prefect, Ovidiu Gant, German Minorities in Romania representative, as well as colleagues and business partners of the three Continental automotive divisions in Romania.
"Today's event is yet another sign of our commitment to Romania and how important it is on Continental's map. It is a big pleasure to see how both, the plant and the R&D areas are developing, and since three months, they are now combined in the same location. Being accommodated now all in one location, our collaboration will be considerably increased. The move into the same location means that processes will be faster and more efficient, making us stronger and preparing us at the same time for any challenges that might appear on our way. This building allows further growth of our development activities which currently comprise about 2,000 employees in engineering in Timisoara," declared Prof. Dr. Christian von Albrichsfeld, general manager and head of research and development Romania. "We thank our employees for their commitment and our management team, as well as the local authorities for all their support in achieving this goal", added von Albrichsfeld.
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...
Datamonitor's Company Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments reports offer a comprehensive breakdown of the organic and inorganic growth activity undertaken by an organ...
Schaeffler claims plans to end the mutual investment agreement with Continental are because the deal "no longer has any practical relevance for either company."...
Continental's first quarter sales fell 3.4% to EUR8bn but the supplier noted three fewer working days in the period than last year....
The UK car market grew by 14.8% in April to 163,357 units, as the UK car market continued to perform strongly, though the monthly gain was boosted by additional working days versus last year....
Ford Motor and Schaeffler have demonstrated the Fiesta-based eWheelDrive car, a driveable research vehicle that could lead to improvements in urban mobility and parking by making possible smaller, mor...
Car production in the UK declined in March as the industry felt the effects of weaker demand in Europe....
- COMMENT: US JLR plant likely to get a warm welcome
- VEHICLE ANALYSIS: 2014 Peugeot RCZ R
- VEHICLE ANALYSIS: Mitsubishi's top-selling PHEV
- VEHICLE ANALYSIS: 2014 Kia Sportage
- THE WEEK THAT WAS: Paris, the US, Sweden...
- JLR eyes US southern states 'transplant' - paper
- Tatkata airbag recall extended to 7.8m US vehicles
- JLR-Chery JV opens China factory
- Tesla outsells rivals as Europe sales rise 6%
- Daimler restructures cooperation with Tesla
- Jaguar Land Rover: Providing remarkable growth throughout the economic downturn
- PLDB - vehicle cycle plan database (annual subscription)
- Global light vehicle safety systems market- forecasts to 2029
- LMC Automotive's European Passenger Car Production Estimates (annual subscription)
- Ford Motor Company - Strategy and SWOT Report