In our press portal you can find current press releases, pictures, videos, information about fairs and events as well as studies and other publications.
Since 1871 we develop pioneering technologies and services for sustainable and connected mobility of people and their goods. Find out more about our company on these pages.
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.
Continental continued to improve its earnings and achieved its corporate targets in the past fiscal year. Against the backdrop of a weak macroeconomic environment, especially in its core market of Europe, and a global downturn in automotive production, the company’s focused implementation of its value-creation strategy is proving effective. The Executive Board’s decision to spin off the Automotive group sector is another important step toward leveraging Continental’s full potential for creating value. Despite a global automotive market that is expected to continue to decline, the technology company is targeting an increase in earnings for 2025.
