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Continental: Continental Corporation
built 273 days ago
With annual sales of more than euro 25 billion (based on 2006 figures), the Continental Corporation is among the top five automotive suppliers worldwide. As a supplier of brake systems, systems and components for the powertrain and chassis, instrumentation, infotainment solutions, vehicle electronics, tires and technical elastomer products, the corporation contributes to enhanced road traffic safety and protection of the global climate. Continental is ... a competent partner in networked automobile communication. The corporation currently employs approximately 150,000 people at nearly 200 locations in 36 countries.
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The Continental Corp. is a leading supplier of brake systems, chassis components, vehicle electronics, tires, and technical elastomers. In 2005, the corporation realized sales of EUR 13.8 billion. At present, it has a worldwide workforce of around 80,600.
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In 2007, FORTUNE magazine named Continental as one of ten "Green Giants," corporations whose environmental policies go beyond what is required. The carrier has ... received recognition from the Environmental Protection Agency (EPA) and the National Aeronautics and Space Administration (NASA) for environmental efforts.
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In 1990, Frank Lorenzo retired after 18 years at the helm of Texas International and later Texas Air and Continental Airlines, selling the majority of his Jet Capital Corporation to Scandinavian Airlines System (SAS). According to William F. Buckley, in his September 17, 1990 article on National Review, the sale to SAS was conditioned on Lorenzo leaving the company. Shortly after Lorenzo left Continental, the airline filed for its second bankruptcy inside of a decade. There were a number of circumstances behind the second bankruptcy, most importantly: Lorenzo had dedicated himself almost full time to Eastern Air Lines acquisition and labor relations issues; the 1990 Iraqi invasion of Kuwait and the resultant Gulf War had prompted a dramatic increase in the price of jet fuel; and People Express had ... been highly leveraged at the time of its merger with Continental, having purchased Frontier Airlines just two years before. In addition to Lorenzo embarking on deals which saddled the airline with other carriers' debts, he also began consolidating the different airlines into one system. That resulted in a fleet comprising numerous aircraft types, evident in the array of liveries in the Continental fleet for years to come.
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The Continental Corporation is a leading automotive supplier of brake systems, chassis components, vehicle electronics, tires and technical elastomers. In 2005 the corporation realized sales of 13.8 billion euros. At present it has a worldwide workforce of around 85,000.
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The Continental Corporation is a leading automotive supplier of brake systems, chassis components, vehicle electronics, tires and technical elastomers. In 2006 the corporation realized sales of EUR14.9 billion. At present it has a worldwide workforce of around 89,000.
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Continental Corporation