Continental CFO sees no major impact on earnings from higher R&D costs

Germany's Continental will continue to raise spending on development in coming years but expects no major impact on earnings thanks to additional sales from new R&D projects, its finance chief said. "This (need to raise spending on electric-car software) should not lead to a situation in which our results are burdened," finance chief Wolfgang Schaefer told Reuters on Thursday. Third-quarter adjusted earnings before interest and tax plunged 40 percent to 645.2 million euros (566 million pound