Continental

Continental to Lay Off 3,000 Workers Amid Financial Struggles in Auto Division

4 days ago

In a significant move to address ongoing financial challenges, Continental AG, the renowned German automotive supplier, has announced an ambitious plan to reduce its workforce by approximately 3,000 jobs. This decision comes as the company grapples with a downturn in its automotive unit, which has been underperforming in recent months, leading to increased scrutiny and pressure for cost-cutting measures.

Hensoldt Proposes Acquisition of Continental’s Auto Workers Amid Industry Restructuring

22 days ago

In a significant move within the automotive sector, the German defense and technology firm Hensoldt has formally offered to take over the automotive workforce from Continental AG, which is currently facing challenges related to the declining demand for traditional automotive manufacturing. This proposal comes amid broader industry transformations as companies pivot to focus more on sustainable practices and advanced technologies.

Continental Braces for Challenging Sales Environment Amid Auto Unit Spinoff

25 days ago

In a recent announcement, Continental AG, the German automotive supplier, has indicated that it anticipates a tough sales climate in its automotive sector as it prepares for the spinoff of its business unit dedicated to this market. This strategic decision is expected to take place in the not-so-distant future, and the company is taking significant measures to navigate the associated challenges.

BMW Announces Another Recall Over New Brake Issue With Continental Components

5 months ago

German car maker BMW has issued another recall in the wake of fresh concerns over a braking system supplied by Continental AG. A major step was taken by the company to make its brand safe and reliable; thus, it joined the list of recalls that the car maker has already announced this year.