Continental completes sale of French operations to ASC
The transaction includes over 130 BestDrive outlets and two retreading facilities, with franchise agreements.
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Tire manufacturer and automotive technology company
continental.comLast updated
In short: Continental increased its profitability in early 2026 and proceeded with a radical restructuring involving job cuts and divestments.
The transaction includes over 130 BestDrive outlets and two retreading facilities, with franchise agreements.
Agreement covers reconciliation of interests, social plan for 3,000 global positions, €150 million savings from 2028, and future framework for German sites.
Profitability at Tires and ContiTech rises. CEO Kötz and CFO Welzbacher present in telephone conference.
Reitzle steps down after 16 years at the 2026 Annual Shareholders' Meeting. Sabrina Soussan becomes designated chair. Company transforms into pure-play tire manufacturer.
Buyout firm Lone Star Funds has emerged as the frontrunner to acquire Continental AG’s industrial un...
HANOVER (dpa-AFX) - Continental said its Automotive group sector, which is due to begin operating as the independent listed company AUMOVIO in September, announced its...
Citi upgrades Continental stock on ContiTech sale, China tariffs...
With a downward movement of 1.95 percent, Continental is in the bottom third of the Dax.
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