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Continental AG, commonly known as Continental and colloquially as Conti, is a German multinational automotive parts manufacturing company. Headquartered in Hanover, Lower Saxony, it is the world's third-largest automotive supplier and the fourth-largest tire manufacturer. Continental specializes in tire, brakes, vehicle electronics, automotive safety, powertrain, chassis, , and other parts for the automotive and transportation industries.
The company is structured into six divisions named Chassis and Safety, Powertrain, Interior, Tires, ContiTech, and Advanced Driver Assistance Systems (ADAS). It sells tires for automobiles, Motorcycle tyre, and Bicycle tire worldwide under the Continental brand. It also produces and sells other brands with more select distribution, such as Viking Tyres (limited global presence), General Tire (U.S./Canada), Gislaved Tires (Canada, Spain, Nordic Markets), Semperit Tyres, Barum to serve EU and Russia. Other brands are Uniroyal (Europe), Sportiva, Mabor and Matador and formerly Sime/Simex tyres (now Dunlop Tires Malaysia, Singapore and Brunei). Continental's customers include all major automobile, truck and bus producers, such as Volkswagen, Mercedes-Benz Group, BharatBenz, Ford, Volvo, Iveco, Schmitz, Koegel, Freightliner Trucks, BMW, General Motors, Toyota, Honda, Renault, Stellantis (ex-PSA Group) and Porsche.
As with many other German companies during World War II, Continental used slave labor provided by the Nazi Party in their factories in the 1940s at Hannover-Stöcken, Hannover-Limmer, Hannover-Ahlem, and others, all offshoots of the Neuengamme concentration camp.
In 2001, Continental acquired a controlling interest in Temic, DaimlerChrysler's automotive-electronics business, which is now part of Continental Automotive Systems. The company also purchased German automotive rubber and plastics company Phoenix AG in 2004, and the automotive electronics unit of Motorola in 2006. Continental acquired Siemens VDO from Siemens in 2007. Also in 2007, the company began to construct a plant in Costa Rica to produce powertrain components for North America. The plant was to open in two phases and ultimately employ 550 workers.
In 2008, Continental appeared overextended with its integration of VDO and had since lost almost half of its market capitalisation when it found itself to be the hostile takeover target of the family-owned Schaeffler Group. By 2009, Schaeffler successfully installed the head of its motor division at the helm of Continental.
Continental was ranked third in global OEM automotive parts sales in 2012 according to a study sponsored by PricewaterhouseCoopers. On 6 September 2012, Continental returned to the benchmark DAX index of 30 selected German blue chip stocks after a 45-month absence. IHO Group (investment holding of the Schaeffler family) is the controlling shareholder and currently owns 46% of Continental shares. In November 2018, Continental purchased Kmart Tyre & Auto Service in Australia from Wesfarmers for .
In 2017 Continental signed a partnership to be the Tour de France official tire sponsor till 2027.
On 13 November 2020, it was announced that Nikolai Setzer would take over as CEO following the short-notice resignation of Elmar Degenhart.
In February 2021, Continental announced that it acquired a minority stake in Recogni, a German-U.S. startup company, to advance its self-driving car. The start-up is working on a new chip architecture for object detection in real time based on artificial intelligence.
In December 2021, as a result of a diplomatic spat between Lithuania and China over Taiwan and human rights, China pressured Continental AG to stop doing business with Lithuania.
In April 2022, Continental resumed production of tires in Russia despite International sanctions during the Russo-Ukrainian War due to 2022 Russian invasion of Ukraine.
In February 2024, Continental AG cut around 7,150 positions in its auto unit.
Body & Security is leading the development of vehicle electronics and cabin control systems, with R&D locations in Germany, United States, China, Singapore, Mexico, India, and many other locations around the world, allowing a global reach to nearly every market region.
Ten years later, Geissinger returned to Continental with mother-and-son owners Maria-Elisabeth and Georg Schaeffler and a consortium of banks, to buy control of the company. Continental appeared to have overextended itself with the acquisition of Siemens' VDO automotive unit in 2007 for and had lost almost half of its market capitalisation since.
In August 2008 and after a protracted Impasse, Continental agreed to be taken over by the Schaeffler Group in a deal that valued the company at approximately . Schaeffler in return agreed to limit its position to less than 50% for a period of four years and support Continental's ongoing strategy. This arrangement was overseen by former German Chancellor Gerhard Schroeder. Continental's CEO who had opposed Schaeffler's offer, resigned and was succeeded by on 1 September 2008. Less than one year later, Schaeffler's CEO Juergen Geissinger succeeded in installing his longtime confidant (and former leader and later head of ITT Teves/Continental Brake and Chassis Division) Elmar Degenhart, the head of his automotive division, as the new chief executive of Continental, ousting Neumann. At Continental's 2013 annual shareholder meeting Schaeffler gave notice that it will terminate its mutual investment agreement with Continental in May 2014, on which Elmar Degenhart commented, "Notice of termination of the investment agreement is understandable from the vantage point of Schaeffler, our anchor shareholder. We are confident that the two companies will continue their very good and goal-oriented cooperation on into the future."
The headquarters for North and South American tire divisions is located in the Charlotte metropolitan area at Lancaster County, South Carolina, United States (with a Fort Mill, South Carolina mailing address). The North American headquarters of the CAS division is located in Auburn Hills, Michigan, directly east of the Great Lakes Crossing Mall. Continental also has a research and development arm in the tech-heavy Silicon Valley, where, among other things, the company focuses on developing technologies supporting autonomous driving vehicles.
From 2002 through 2005, the subsidiary sponsored a new college football bowl game in Charlotte, North Carolina, known for three playings as the Continental Tire Bowl at Bank of America Stadium. At the time, Continental was a major employer in Charlotte. However, as financial woes set in at the division Meineke Car Care Center took over sponsorship of the Charlotte bowl game from Continental. The first two Continental Tire Bowls were both won by Virginia; the third and final (by that name) edition of the bowl was won by Boston College.
The subsidiary announced that effective 1 January 2006, it would implement massive cuts on health care for retirees across the country. After a class-action lawsuit, the company and United Steelworkers union, representing the retirees, agreed to a settlement whereby the company would continue to fund benefits. Later that year, it announced it would cease tire production in Charlotte and would close its tire production plant in Mayfield, Kentucky.
In 2011, CTA announced that it would build a plant in Sumter, South Carolina. The plant will cost about and employ 1,600 workers by 2020.
In February 2016, CTA announced that it would build a Commercial Tire plant in Clinton, Mississippi, with an investment totaling approximately and employing 2,500 people when the plant reaches full capacity in the next decade.
In October 2016, CTA purchased Hoosier Racing Tire.
Continental continues to look at developments and innovation in the field of Automotive electrical-energy storage systems. These include developing solutions for gasoline and diesel driven engines as well as the rapidly-developing area of electrified systems. By offering a comprehensive technology toolkit to auto manufacturers, they enable these manufacturers to develop customised electrification in their vehicles, resulting in more efficient systems that produce lower emissions.
In 2015, Continental AG was honored with two PACE Awards for its Bare Die High-Density-Interconnect (BD-HDI) Printed Circuit Board Substrate Technology for Transmission Electronics and its Multi-application Unified Sensor Element (MUSE). In 2018, Continental won a PACE (Premier Automotive Suppliers' Contribution to Excellence) Award for its Digital Micromirror Head-Up Display technology. Along with Audi, Continental also received an Innovation Partnership Award for their Safety Domain Control Unit (SDCU).
In 2020, Continental won an inaugural PACEpilot award for its Virtual A-Pillar technology that helps to eliminate forward blind spots. PACEpilot is an offshoot of the long-standing PACE awards, and the programmes seeks to recognise innovations in automative technology that have moved to the working model phase of testing.
Note: denotes labor representative.
The Brazilian antitrust authority Council for Economic Defence (CADE) made it official on 29 January 2015, described in a press release on the 30th, from the company. The total transition was . The company will divest Veyance's NAFTA air springs business in Mexico and its Brazilian steel-cord belting business in response to some of the concerns raised by antitrust authorities, the release said, employing about 600 people work in those operations.
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