Active Stocks
Thu Apr 18 2024 15:59:07
  1. Tata Steel share price
  2. 160.00 -0.03%
  1. Power Grid Corporation Of India share price
  2. 280.20 2.13%
  1. NTPC share price
  2. 351.40 -2.19%
  1. Infosys share price
  2. 1,420.55 0.41%
  1. Wipro share price
  2. 444.30 -0.96%
Business News/ Companies / Continental AG unveils motor efficiency plans
BackBack

Continental AG unveils motor efficiency plans

Continental AG unveils motor efficiency plans

Premium

Frankfurt: German tires and car parts maker Continental AG unveiled on Wednesday at the Frankfurt Auto Show a four-part plan to supply carmakers with the technologies to reduce emissions and cut fuel consumption that are increasingly demanded by the market.

Its product plan includes reducing engine size with the help of turbocharging and direct-injection technology; electrification of the drive train and other vehicle functions through the development of hybrid and electric components; pro-active driver assistance systems and the use of more navigational information; and weight saving designs.

Continental said the dominant trend in the industry is to downsize engines with lower cubic capacity but increase their specific power.

The company said market trends are also leading to direct injection systems for diesel and gasoline engines and that automatic transmissions would play more of a role in the market in the future.

“Our goal of enabling resource-efficient motoring with a reduced environmental impact cannot be achieved through individual measures alone," Elmar Degenhart, the company’s chief executive said in a press release.

“These innovations also have to be scalable, so that they can be offered in price-sensitive vehicle classes and markets."

Shares of Continental were up nearly 5% at €41.50 ($61) in Frankfurt morning trading.

Unlock a world of Benefits! From insightful newsletters to real-time stock tracking, breaking news and a personalized newsfeed – it's all here, just a click away! Login Now!

Catch all the Corporate news and Updates on Live Mint. Download The Mint News App to get Daily Market Updates & Live Business News.
More Less
Published: 16 Sep 2009, 01:39 PM IST
Next Story footLogo
Recommended For You
Switch to the Mint app for fast and personalized news - Get App