HANOVER, Germany – Continental expects to grow stronger than the world market in all five of its business units and will add staff to keep pace with demand.
"We currently have nearly 160,000 employees worldwide and will be achieving sales of at least €29.5 billion this year," Continental CEO Elmar Degenhart told Automotive News Europe in an interview.
During the economic crisis in 2009, Conti's headcount dropped to 132,000 employees and sales slipped to €20 billion.
"We cover all growth fields in the automotive industry. ... We expect above-average growth compared with the global market in all five divisions. So it is obvious that we will continue expanding the work force appropriately, depending on how the global market develops."
Most of Continental's growth will come from emerging markets.