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Name | Symbol | Market | Type |
---|---|---|---|
Continental AG (PK) | USOTC:CTTAY | OTCMarkets | Depository Receipt |
Price Change | % Change | Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.10 | 1.52% | 6.66 | 6.64 | 6.74 | 6.72 | 6.64 | 6.70 | 164,209 | 21:00:08 |
By Jessica Sier
Continental AG's powertrain division Vitesco Technologies will supply electric-heating elements to a major European van maker, the German car-parts supplier said Thursday.
The deal marks the first high-volume order for this technology and Vitesco Technologies will start production in late 2022. The company said it is a multi-million euro contract.
Vitesco Technologies' electric-heating elements will be used in two of the manufacturer's 48-volt hybrid van models to assist the company in meeting the Euro-7 requirements, a CO2 emissions target of 95 grams per kilometer, which will be implemented in 2020.
Write to Jessica Sier at jessica.sier@wsj.com
(END) Dow Jones Newswires
March 12, 2020 07:46 ET (11:46 GMT)
Copyright (c) 2020 Dow Jones & Company, Inc.
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