
Continental separates ContiTech to strengthen focus on global tire business
On April 8, the Continental Executive Board has decided to make the ContiTech group sector independent. The preparatory phase that now follows will involve analyzing and assessing the possible transaction forms for independence and drawing up a timetable for implementation. The Executive Board will decide on this in the next step. As things stand, Continental considers a sale of ContiTech to be the most likely option.