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Continental AG / Key word(s): Strategic Company Decision Continental AG Approves Spin-off of Automotive and Makes Decisions on Capital Resources and Future Dividend Policy 12-March-2025 / 15:43 CET/CEST...
Continental AG / Key word(s): Strategic Company Decision Continental AG Approves Spin-off of Automotive and Makes Decisions on Capital Resources and Future Dividend Policy 12-March-2025 / 15:43 CET/CEST...
At its meeting today, the Supervisory Board of Continental approved the planned spin-off of Automotive and is recommending that the 2025 Annual Shareholders’ Meeting also approve this step. Subject to this approval, the future independent company is to have cash funds of €1.5 billion by the time of the spin-off, according to the Supervisory Board’s resolution, with a clear business-related allocation of opportunities and risks to the two future companies. The financing of Automotive’s operating business is also to be strengthened by a revolving credit facility of €2.5 billion.
Our technological strength is the basis for our success. We are the mobility and material technology group for safe, smart and sustainable solutions. Together with our customers, we are developing the central nervous system of the mobility of the future.
Continental is shaping mobility through software-defined vehicle technologies, making it safe, exciting, autonomous and sustainable. As the world’s most dynamic car market, China plays a key role for us as an innovation spot, and Auto Shanghai is the perfect place to present our latest solutions.
