The reporter learned on January 2, 2012 that Continental Group CEO Elmar Degenhart expects that mainland China's sales in the first quarter of 2012 will maintain a strong growth momentum. Elmar said there is no doubt that in 2012 the automotive industry will be affected by the European debt crisis, the mainland's sales in the European market may decline, but the United States and the Asian market will continue to maintain a substantial increase, enough to make up for the loss of the European market.
Elmar also said that in the fourth quarter of 2011, Continental Group's sales will be slightly higher than the third quarter. From the current consumer demand, mainland China's sales will continue to grow in the first quarter of 2012. Continental's sales in the third quarter of 2011 increased by 18.8% year-on-year to 7.7 billion euros (approximately US$10 billion), and its sales in the first three quarters totaled 22.6 billion euros (approximately US$29.3 billion). China's sales for the full year 2011 are expected to increase. Reach the expected value.
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