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Continental is a leading tire manufacturer and industry specialist that develops and produces sustainable, safe and convenient solutions for automotive manufacturers as well as industrial and end customers worldwide.
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.
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This picture/video may be used by journalists and media representatives when reporting about Continental, provided the source is cited.
When using this material, please specify the following source: "Photo: Continental AG" or "Video: Continental AG".
If you would like to use our pictures or videos in another context, such as for advertising brochures, websites or other commercial purposes, please contact us prior to doing so.
