FRANKFURT -(Dow Jones)- Germany's Continental AG (CON.XE) said it isn't certain whether its Powertrain unit will reach break even in 2011 as planned, the company said in an internet presentation.
A large part of Siemens AG's (SI) former VDO unit, which auto-parts and tire manufacturer Continental acquired in 2007, was integrated into the powertrain division.
Continental AG said earlier Thursday it swung to a EUR1.04 billion net loss in the third quarter, largely due to a EUR876 million impairment charge related to the acquisition of the former VDO unit, but it offered an optimistic outlook.
Company Web site: www.conti-online.com
-By Katharina Becker, Dow Jones Newswires; +49 69 29725 500; djnews.frankfurt@dowjones.com