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Continental CEO

Continental CEO says jobs will be lost in shift to electric cars

BOCHUM, Germany: The shift to electric vehicles will cost jobs at German automotive supplier Continental, its chief executive told a newspaper, but he said many of those jobs would be offset by new positions related to electro-mobility. "Due to the low added value, production jobs will be lost," German weekly paper Welt am Sonntag quoted Elmar Degenhart as saying in a summary of an article to be published on Sunday. He said it was too soon to say whether the number of jobs that would be lost would be bigger of smaller…