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Sep 30, 2024

Continental CEO Confident About Parts Spinoff Timing

(Bloomberg) — Preparations to spin off Continental AG鈥檚 car parts business are on track, Chief Executive Officer Nikolai Setzer said in an interview published on Sunday.

In a conversation with Frankfurter Allgemeine Zeitung, Setzer said he was confident the move would go ahead as planned, with his focus on enabling all segments of the firm 鈥 tires, automotive and ContiTech 鈥 to act more independently, flexibly and 鈥渇aster and closer鈥 to the market. …

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