CTTAY - Continental Offers A Lot Of Value But It May Be Still Too Early To Invest

State of play

Continental's (OTCPK:CTTAF; OTCPK:CTTAY) stock has performed extremely badly in 2018 and 2019. There are many reasons for this.

In the middle of 2018, the economic environment for all major markets (China, the USA and Europe) deteriorated dramatically. This was due in part to the customers’ lengthy transition to the new Worldwide Harmonised Light Vehicle Test Procedure (WLTP), as well as to the U.S. trade conflicts with China and Europe. As a result, global automobile production - which had been expected to grow by two million passenger cars and light