News Headline Summary

Continental (CON GY) CFO says negotiations with banks on refinancing are close to conclusion

- Company sees no need to cut working hours in Europe currently.
- Winter tyre sales increased slightly through December despite market decline by about 10%.

Reaction details:

- Co. shares move 0.67% lower in immediate reaction to the news from EUR 85.28 to EUR 84.67.

Print 12:47, 14 Jan 2013 - DAX - Source: Newswires