Continental to Pass Along Tariff Costs to Customers
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Continental AG will try to pass on the cost of tariffs imposed by President Donald Trump to its customers, according to the German parts maker’s finance chief.
“For us it’s clear: We cannot bear additional duties, and we are informing our customers about that,” Continental Chief Financial Officer Olaf Schick told Bloomberg by phone.
Continental has set up a tariffs task force and is talking to its customers in Mexico as well as clients in the U.S. who are receiving the supplier’s Mexican-made products, the CFO said.
The company is also optimizing its supply chain to mitigate the tariff impacts, CEO Nikolai Setzer said in an interview with Bloomberg Television. Continental operates more than 20 plants in Mexico, and last year generated a fifth of its group sales in the U.S.
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