Continental aims to decide on productivity steps by year-end: CEO

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[September 10, 2019]  FRANKFURT (Reuters) - German automotive supplier Continental AG <CONG.DE> aims to decide on measures to improve productivity by the end of the year, CEO Elmar Degenhart said on Tuesday.

There are no targets to close a specific number of sites or cut a specific number of jobs, Degenhart said ahead of the IAA auto show in Frankfurt.

He added that he did not expect a partial initial public offering of Continental's Vitesco division next year, pointing to the wider economic situation.

(Reporting by Jan Schwartz; Writing by Thomas Seythal; Editing by Madeline Chambers)

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