Tyre manufacturer: Continental decides to split off auto supplier division

The more than 150-year-old DAX group has had a wild ride since the end of the 1990s. It is now being dismantled into three divisions.

The tire manufacturer Continental separates itself from its weak car supply division. By October Aumovio is to be brought on the stock market.

At the company's general meeting, it was decided that last year's profit would be transferred to retained earnings, but they also voted on the authorization to purchase own shares and increase capital. AutoWallis ... ...

The spin-off of Continental's automotive supplier division has been finalized. Shareholders approved it at the annual general meeting. The company also plans to divest its plastics division, and a sale of this division is likely, it was reported.

Hanover (dpa/lni) – The tire manufacturer Continental wants to remain in Lower Saxony even after its split-up. "Continental's Group headquarters will continue to be at Continental Plaza 1 in Hanover," said CEO Nikolai Setzer at the Annual General Meeting. The new headquarters was opened only in December 2023. Conti had invested more than 100 million euros in the new building. The Dax Group is separating itself from its car supply division, as wa…

The Annual General Meeting has decided: Continental is splitting up. What is behind the "most profound repositioning" of the company's history.