Continental AG expects global production of passenger cars and light commercial vehicles will increase between 4% and 6% year-over-year in 2022.
That's a slight dip from the 6% to 9% increase Continental predicted just one month ago.
"In the event the geopolitical situation, particularly in eastern Europe, remains tense of worsens, it could result in further lasting consequences for production, supply chain and demand," according to Continental officials.
"In addition, further negative effects could arise as a result of the ongoing COVID-19 pandemic and the related supply situation."
