Continental was best known for making tires until it started building up an auto components portfolio in the late 1990s when it bought a brake maker and then in 2007 Siemens AG’s auto unit for ...

Continental AG is cutting around 3,000 research and development jobs at its automotive unit as the German parts maker prepares to spin off the struggling business. The reductions — equating to ...

On August 5, 2024, Continental AG (OTC: CTTAY, $6.63, Market Capitalization: $13.3 billion) announced that its Executive Board is evaluating a potential spin-off and listing its Automotive group ...

Continental AG's supervisory board on Wednesday formally approved plans for spinning-off the group's automotive business, which will have cash funds of 1.5 billion euros ($1.64 billion) before the ...

Continental AG, headquartered in Hanover, Germany employs more than 190,000 people in 58 countries and markets. The global manufacturer recently celebrated its 150 year anniversary.

Continental AG's supervisory board on Wednesday formally approved plans for spinning-off the group's automotive business, which will have cash funds of 1.5 billion euros ($1.64 billion) before the ...

Continental AG is evaluating asset sales and will cut additional costs to protect returns and turn around its key automotive unit that’s fallen behind peers. The parts maker on Monday announced ...

Continental AG is cutting around 3,000 research and development jobs at its automotive unit as the German parts maker prepares to spin off the struggling business.