Exclusive Content:

Partidos de hoy jueves 21 de noviembre:...

Write a detailed and engaging article about Partidos de...

Lidové tradice v krajích České republiky –...

Write a detailed and engaging article about Lidové tradice...

Ratu Camilla Raih Gelar Doktor Kehormatan dari...

Write a detailed and engaging article about Ratu Camilla...

Continental is contemplating floating its primary automotive business

Unlock the Editor’s Digest for free

Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. If you’re looking to stay informed on the latest news and trends in the business world, this is the perfect opportunity to gain access to curated content from a respected industry leader.

Continental, one of Europe’s largest suppliers to the car industry, is considering splitting the company by listing its core automotive division. This decision comes as the company faces challenges with stagnant demand in the sector and the need to adapt to the changing landscape of the automotive industry.

The Hanover-based company announced on Monday that it could list the division as early as the end of 2025, pending the result of a detailed review scheduled to be completed by the end of this year. With annual sales of €20.3bn and roughly 100,000 employees, the core division makes up about half of Continental’s business.

Chief executive Nikolai Setzer highlighted the need for the division to be more flexible and entrepreneurial in response to slowing electric vehicle sales growth in Europe and increasing demand for in-car software. This shift in focus reflects the industry’s transition from petrol-fuelled cars to battery-driven vehicles, where software plays a crucial role in vehicle functionality.

If Continental moves forward with its plans, the company would retain its tyre business and the division serving other industries such as agriculture, aerospace, and construction. This strategic decision aims to position the company for success in a rapidly evolving market and ensure its long-term sustainability.

German automotive suppliers, including Continental, have faced challenges with falling margins as they navigate the transition to electric vehicles. The shift to supplying components for EVs has emphasized the importance of software expertise, an area where German companies are looking to strengthen their capabilities.

In response to the changing landscape, Continental and other automotive suppliers have had to make difficult decisions, including laying off thousands of employees. The industry’s focus on software and technology has led to partnerships and collaborations with companies in different sectors, highlighting the need for innovation and adaptability in the face of industry disruptions.

Continental’s potential listing of its core automotive division reflects the company’s commitment to staying competitive and agile in a rapidly changing market. Shareholders can expect to receive shares in the listed automotive unit in proportion to their stake, signaling a new chapter in Continental’s evolution as a key player in the automotive industry.

As Continental navigates these changes, it is essential for the company to stay ahead of industry trends and innovations to remain competitive in the global market. By unlocking the Editor’s Digest for free, you can gain valuable insights and perspectives from industry experts like Roula Khalaf, helping you stay informed and make informed decisions in today’s fast-paced business environment.

Latest

Partidos de hoy jueves 21 de noviembre: Inicia la Fase Final de Liga MX con el Play In – TUDN

Write a detailed and engaging article about Partidos de...

Lidové tradice v krajích České republiky – Seznam – najdu tam, co neznám

Write a detailed and engaging article about Lidové tradice...

Ratu Camilla Raih Gelar Doktor Kehormatan dari Universitas London – SINDOnews Lifestyle

Write a detailed and engaging article about Ratu Camilla...

Newsletter

Don't miss

Syarat Belanja di Mandiri Shopping Styles untuk Mendapatkan Hadiah Motor dan Cincin Berlian

SRIPOKU.COM, PALEMBANG - Palembang Icon, salah satu pusat perbelanjaan...

rewrite this title Mežaparka Rezidencēs atklāta pirmā uzbūvētā savrupmāja – Dienas Bizness

Write a detailed and engaging article about Mežaparka Rezidencēs...

Eksperymentalny lek naśladujący skutki ćwiczeń pobudza metabolizm i pomaga schudnąć – Polityka Zdrowotna

Write a detailed and engaging article about Eksperymentalny lek...

Partidos de hoy jueves 21 de noviembre: Inicia la Fase Final de Liga MX con el Play In – TUDN

Write a detailed and engaging article about Partidos de hoy jueves 21 de noviembre: Inicia la Fase Final de Liga MX con el Play...

Lidové tradice v krajích České republiky – Seznam – najdu tam, co neznám

Write a detailed and engaging article about Lidové tradice v krajích České republiky  Seznam – najdu tam, co neznám. The article should be structured with...

Ratu Camilla Raih Gelar Doktor Kehormatan dari Universitas London – SINDOnews Lifestyle

Write a detailed and engaging article about Ratu Camilla Raih Gelar Doktor Kehormatan dari Universitas London  SINDOnews Lifestyle. The article should be structured with clear...