Nikolai Setzer
Nikolai Setzer is the CEO of Continental AG, a major automotive supplier based in Hannover, Germany. Under his leadership, the company has faced challenges due to a weak economic outlook in Europe and declining automobile production. Recently, Setzer announced disappointing forecasts for the company, which has attracted the attention of short-sellers betting against Continental's stock. Setzer is also overseeing a significant restructuring plan, including a planned spin-off of the company's automotive division, amidst rising US tariffs affecting their manufacturing operations in Mexico.
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Switzerland:
Nikolai Setzer is the CEO of Continental who opposed the split for a long time.
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Switzerland:
Nikolai Setzer emphasized the challenges faced by Continental due to weak economic development in Europe.
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