Posted on 12/11/2024
Continental AG announced on December 9th, 2024 that the Executive Board decided to spin-off Automotive group by the end of 2025 (proposal will be presented to the shareholders at the Annual Shareholders Meeting in April, 2025). The Automotive Group develops and manufactures a variety of automotive parts including powertrain components, chassis components, safety systems, brake systems, advanced driver assistance systems (ADAS) and vehicle electronics. Continental will focus on further strengthening its remaining two groups: Tires group and ContiTech group. Continental CEO explained that the management will focus on further increasing the independence of both groups, and that each one has its own strategy for the future, and that they will focus on rapidly responding to market shifts and customer demands. Lofty words, so we will see if in the future Continental maintains and expands its lead as the premier tire manufacturer in the world and if it maintains its ability to respond to con ... read more