By Andrea Figueras
Continental warned of high levels of uncertainty after President Trump pledged to impose 25% tariffs on global automotive imports into the U.S.
Trump said last week that the tariffs--to be applied on top of existing duties--would go into effect on April 2 and start being collected as of April 3.
"The current tariff situation and the development of new product launches are creating high levels of uncertainty, impacting strategic planning and market predictions," the German auto-parts maker said Tuesday.
The levies would pose yet another threat to the European automotive sector as several carmakers and suppliers face waning demand, a sluggish electric-vehicle market and fierce competition from Chinese rivals.
Continental said global light-vehicle production volumes in its automotive business are expected to be down on year in the first quarter in the mid-single-digit percentages. The company anticipates the adjusted earnings before interest and taxes margin for the division to be around break-even.
Continental forecasts a better free cash flow performance compared with the prior-year quarter.
The group will publish first-quarter results on May 6.
Write to Andrea Figueras at andrea.figueras@wsj.com
(END) Dow Jones Newswires
April 01, 2025 12:38 ET (16:38 GMT)
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