Continental Group to Expand Procurement of Automotive Electronic Products

Guenter Fella, head of the purchasing division of Continental Automotive, the German auto parts supplier, said on June 11 that Continental Group purchased 9.1 billion U.S. dollars worth of raw materials, auto parts and electronic system products from 4,000 suppliers in 2009. Among them, electronic products account for a quarter. The Group will increase the proportion of automotive electronics purchases in the coming years.

Guenter Fella also stated: "The challenge facing suppliers is to further optimize the product development and production process so as to supply us with the best products with reliable quality and international competitiveness in the long term."

In addition, Continental Group CEO Elmar Degenhart stated: "We hope that a supplier will be able to supply us with a complete set of automotive system products. Of course, these system products may come from the various subordinate departments of the supplier, and it may also be possible Car system products are associated with each other and therefore require different suppliers to jointly supply it. However, the first principle is that the supplied products must meet the highest quality standards."

In addition, Elmar Degenhart also stated: "The Schaeffler Group and the Continental Group are working together to create an optimal supplier. The supplier will have a team of outstanding automotive electronic systems experts and innovation capabilities. More importantly, It will have a unique high-quality product manufacturing capability."

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