Continental to keep investing in Lithuania despite China pressure

By Reuters

Continental will continue investing in a factory in Lithuania, an executive was quoted saying, despite a diplomatic dispute between Beijing and the Baltic state that has threatened to embroil the German car parts maker. Two people familiar with the matter told Reuters in December that China was pressuring Continental to stop using components made in Lithuania, after a row erupted over the opening of a de facto Taiwan embassy in the capital Vilnius. Taiwan is a self-ruled island that China views as part of its territory, and following the embassy dispute China has pressed multinationals to sever ties with Lithuania or face exclusion from its market – dragging firms into the diplomatic spat and placing Beijing on a collision course with the European Union.

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Via:: Sports Headlines


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