|Bid||0.00 x 18200|
|Ask||0.00 x 4300|
|Day's range||224.80 - 230.40|
|52-week range||186.55 - 257.40|
|PE ratio (TTM)||15.08|
|Earnings date||8 May 2018|
|Forward dividend & yield||N/A (N/A)|
|1y target est||249.98|
Nvidia Corp and German auto supplier Continental AG said on Monday they had teamed up to develop a self-driving system based on the U.S. chipmaker's artificial intelligence platform, underscoring the need for collaboration in the fast-moving industry. The announcement is the latest of many collaborations for Nvidia, whose Drive platform that helps enable autonomous driving is ubiquitous in the industry. The Silicon Valley-based company known for its graphics chips said last month that 320 companies involved in the development of self-driving cars use Nvidia Drive.
Germany's Continental AG (CONG.DE) aims to float a separate part of its business on the stock exchange in 2018 to take advantage of robust capital markets, German monthly Manager Magazin reported on Thursday. The automotive supplier said this month it was in talks about a possible structural overhaul and pledged to flesh out its plans within six months. Manager Magazin said the favoured option within Continental was to split the group into three parts.
German automotive supplier Continental (CONG.DE) has scope to spend around 4 billion to 5 billion euros (3.55-4.44 billion pounds) on acquisitions but has no big takeover deals in sight this year, its chief executive said. The company has been seeking to beef up its non-automotive operations, in part through takeovers of firms such as industrial hose and belt maker Veyance Technologies in 2014, to curb reliance on the volatile cyclical business of carmakers. "We have leeway in the ballpark of up to 4 to 5 billion euros," Chief Executive Elmar Degenhart said in an interview at the Detroit auto show, but added that a larger deal comparable to the 1.4 billion-euro Veyance purchase was not on the cards this year.
FRANKFURT/LONDON (Reuters) - Germany's Continental AG (CONG.DE) has hired JP Morgan (JPM.N) to advise on a possible break-up, sources told Reuters, as the auto parts maker repositions for a market focussed on electric and self-driving vehicles. Continental and JP Morgan both declined to comment on the bank's role. "We are drawing on external expertise but are still pretty much at the start of the process," Continental Chief Executive Elmar Degenhart said in an interview at the Detroit auto show.
BERLIN/HAMBURG (Reuters) - Germany's Continental (CONG.DE) is in talks with banks about a possible structural overhaul of the auto parts and tyre maker and aims to flesh out its plans within six months, its finance chief said. "We are looking at the organization of Continental in its entirety," finance chief Wolfgang Schaefer said in an interview late on Tuesday after the group released core 2017 earnings. Growing demand for electrification and driver-assistance technologies drove Continental's sales about 8 percent higher last year to around 44 billion euros, and the company expects a further increase to around 47 billion this year.
German automotive supplier Continental expects sales to keep growing this year on rising demand for electric and driver-assistance technologies, after matching targets in 2017. Preliminary results at the company showed an increase in sales by around 8 percent last year to around 44 billion euros (38.80 billion pounds), the Hanover-based group said in a statement published on Tuesday after trading hours. Sales may keep rising to around 47 billion euros in 2018, it said.
MILAN/LONDON, Jan 9 (Reuters) - European shares rose for a fourth straight session on Tuesday, lifted by strength among cyclical stocks and optimism about further growth in company earnings. Expectations of possible dealmaking in the auto industry and a weaker euro also helped, pushing the STOXX 600 up 0.4 percent at 400 points, its highest since August 2015 and just a few points below its all-time peak of 414. "If growth does not disappoint and companies deliver solid earnings, I don't see risk on valuation," said Valentin Bissat, equities strategist at Mirabaud Asset Management.
** A subsidiary of Canada's Brookfield Asset Management Inc plans to acquire Westinghouse Electric Co LLC, the bankrupt nuclear services company owned by Toshiba Corp , for $4.6 billion. ** Germany's Continental and Bosch, the world's largest automotive suppliers, have each bought a 5 percent stake in digital mapping firm HERE, as the industry pools resources with major carmakers to develop self-driving cars. ** Israel's Delek Automotive Systems is in advanced talks to buy control of environmental and infrastructure firm Veridis from investment manager Oaktree Capital Management for 1.05 billion shekels ($305 million).
BERLIN/FRANKFURT (Reuters) - Germany's Continental and Bosch, the world's largest automotive suppliers, have each bought a 5 percent stake in digital mapping firm HERE, as the industry pools resources with major carmakers to develop self-driving cars. Germany's premium automakers BMW, Daimler and Volkswagen's Audi (NSUG.DE) bought HERE for 2.8 billion euros ($3.4 billion) in 2015 from Finnish telecoms group Nokia. Chip maker Intel also holds a 15 percent stake in HERE.
* Continental, Bosch buy stakes from BMW, Daimler, Audi * Suppliers pooling resources in autonomous driving race * Purchase price undisclosed * Continental CEO eyes future profit from HERE collaboration ...
German automotive suppliers Continental and Bosch are to buy stakes of 5 percent each in digital mapping firm HERE to gain more expertise in driver-assistance and other data-based technologies. Germany's three leading premium automakers BMW, Daimler and Volkswagen's (VOWG_p.DE) Audi bought HERE for 2.8 billion euros (£2.49 billion) in 2015 from Finnish telecoms group Nokia to expand investments in autonomous-driving technology. The three car companies are spending billions of euros on developing electric cars and software-based mobility services as tougher emission rules and connectivity are transforming the auto industry.
German automotive supplier Continental has agreed to buy a 5 percent indirect stake in digital mapping firm HERE from Audi, BMW and Daimler to advance its expertise in fast-growing driver-assistance technology. Germany's three leading premium automakers are investing billions of euros in electric cars and software-based mobility services as tightening emission rules and connectivity are transforming the auto industry. Continental said on Thursday that it would also sign a collaboration agreement with the Dutch provider of high-definition maps to pave the way for technologies providing data for the efficient transportation of people and their goods.
Technology companies Osram and Continental today announced their intention to establish a joint venture. The idea is to combine innovative lighting technology with electronics and software to develop, manufacture and market intelligent lighting solutions for the automotive industry.
German industry leaders want a shift towards digital services to be a priority as the pro-business Free Democrats (FDP) appear set to enter coalition talks with Angela Merkel's conservatives and the Greens. "Investments in education and digital infrastructure are urgently needed," Werner Baumann, chief executive of drugmaker Bayer (IOB: 0P6S.IL - news) , said in an emailed statement.
Continental ITS worked with management and technology consultancy BearingPoint to develop new digital service offerings for drivers and, in so doing, deepened the relationship with customers. Continental already had an extremely successful business of supplying vehicle parts to service centers and original equipment manufacturers (OEMs).
Hawkish comments from European Central Bank President Mario Draghi hit interest rate-sensitive utilities shares on Tuesday, dragging down European indexes, while a warning from auto parts supplier Schaeffler ...