Hanover, Germany - In a sign of strain, Continental, the German supplier of tyres and electronic components to the car industry, is contemplating a 1-billion-euro
(1.3-billion-dollar) equity issue, a spokeswoman said Thursday in Hanover.
She was confirming remarks by chief financial officer Alan Hippe outside an investors conference in New York.
Hippe warned it was possible Continental might have to write down the value of companies it has acquired by up to 1 billion euros.
The spokeswoman said an issue of new shares on the same scale was being propounded as a solution.