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Tyre manufacturer Continental might spin off automotive-electronics division
The potential move is aimed at enhancing flexibility and allowing the company to adapt more effectively to dynamic market conditions and the evolving software-driven technology landscape.Read more
Schaeffler announces merger with Vitesco, accelerating EV market presence
Both Schaeffler and Vitesco possess similar e-mobility technology portfolios. While Vitesco primarily deals in combustion-engine components, it has recently secured significant orders for its electric-drive division.Read more
Continental underscores its strong technological and competitive position
Speaking at the company’s virtual annual shareholders’ meeting recently, Nikolai Setzer, CEO, Continental, said, “Our technological expertise ranges from the road to the cloud”. The company also formed an exclusive partnership with Aurora for autonomous trucking systems.Read more