CONTINENTAL CONSIDERING SELLING PARTS OF THE BUSINESS, SAYS REPORT

Continental AG is considering selling parts of the group, according a report in a business magazine.

The report, in German-language Manager Magazin indicates that talks are already underway to sell parts of ContiTech and the rubber technologies division as part of a wider programme to cut costs across the business.

READ: CONTINENTAL TO ENTER FILTRATION MARKET

In September, Continental announced that it is to wind down and eventually close it’s tyre factory in Aachen, Germany with the loss of around 1,800 jobs.

Published by Greg Whitaker

Editor of CAT Magazine and an experienced motoring journalist @GregWhitaker5

Movers & Shakers: Round-up of all the latest changes

All the latest changes from across the sector, including new roles, promotions, and retirements

Read More

GSF announces new-look leadership team

GSF will add 20 new branches to its 180-strong network over the next 12 months; up to 20 further locations will follow from 2025

Read More

Winners crowned at CAT Awards 2024

The annual event, held at the Lowry Hotel, welcomed more than 200 people from across the aftermarket

Read More

Fraudsters guilty of selling knock-off aftermarket parts in UK

Group used Amazon as platform for its products

Read More

APH Automotive appointed Suplex’s exclusive GB distributor

Director Andrew Hopkin said the move “is a feather in the cap for APH”

Read More

Go to comments

Your email address will not be published. Required fields are marked *