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Continental Weighs Selling Automotive Part of ContiTech Unit

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Aug 03, 2023

Continental Weighs Selling Automotive Part of ContiTech Unit

Continental AG is considering selling part of its ContiTech business — which makes products including industrial hoses and conveyor belts — as the automotive supplier reorganizes to deal with the

Continental AG is considering selling part of its ContiTech business — which makes products including industrial hoses and conveyor belts — as the automotive supplier reorganizes to deal with the industry’s shift to electric vehicles.

Continental plans to split off the automotive part of ContiTech to prepare it for a potential sale, a new investor or a joint venture, according to a company presentation seen by Bloomberg.