Continental says North America light vehicle output down over 'economic uncertainty'

Reuters

Tue, Apr 1, 2025, 8:46 AM 1 min read

BERLIN (Reuters) -Continental AG expects accumulation of airy vehicles successful North America to autumn by astir 7% successful the archetypal quarter, the German car supplier said connected Tuesday, citing "economic uncertainty" up of looming tariffs connected the sector.

In the group's automotive division, the adjusted borderline connected net earlier involvement and taxation is expected to interruption adjacent successful the archetypal 3 months of the year, the radical said successful a summary of a regular telephone with analysts and investors up of quarterly results.

"The existent tariff concern and the improvement of caller merchandise launches are creating precocious levels of uncertainty, impacting strategical readying and marketplace predictions," Continental said.

The comments travel up of earlier announced U.S. import tariffs connected cars that travel into unit connected April 3, with broader duties expected to beryllium announced by U.S. President Donald Trump connected Wednesday.

Continental, which is scheduled to merchandise first-quarter results connected May 6, said that first-quarter airy conveyance accumulation successful China was expected to summation by a mid-to-high azygous digit percentage, amended than antecedently expected.

In the automotive segment, Continental's largest part by revenue, the radical expects affirmative contributions from outgo cuts successful the January-March period.

(Reporting by Victoria Waldersee and Christoph SteitzEditing by Tomasz Janowski)