Continental appointed company veteran Roland Welzbacher to succeed Olaf Schick as CFO as the German manufacturer sheds units to focus on its more profitable tires business.
April 25, 2025Continental News Updates
Continental Appoints New CFO Ahead of Parts Maker’s Overhaul
Continental to Offload ContiTech Industrial Unit
Continental AG is returning to its roots, abandoning decades of expansion into auto and industrial parts to focus on its more profitable tires business.
April 8, 2025Continental to Pass Along Tariff Costs to Customers
Continental AG will try to pass on the cost of tariffs imposed by President Donald Trump to its customers, according to the German parts maker’s finance chief.
March 4, 2025Continental to Cut 3,000 Jobs to Slash Costs at Auto Unit
Continental AG is cutting around 3,000 research and development jobs at its automotive unit as the German parts maker prepares to spin off the struggling business.
February 18, 2025Continental Sees Tough Climate in Auto Unit’s Spinoff Year
Continental AG said its automotive unit will struggle to increase sales this year as the German supplier pushes ahead with plans to spin off the ailing division despite the car industry downturn.
January 28, 2025Aurora Partners With Nvidia, Continental on Driverless Trucks
SANTA CLARA, Calif. — Autonomous tech company Aurora announced a long-term strategic partnership with Continental and Nvidia to deploy driverless trucks at scale, powered by Nvidia Drive.
January 7, 2025Continental CFO to Step Down for Mercedes Role
Continental AG Chief Financial Officer Olaf Schick will step down from his post next year to join carmaker Mercedes-Benz Group AG.
December 11, 2024Continental Launches Longhaul Drive Tire
Continental launched a new longhaul drive tire for the U.S. market.
December 9, 2024Continental Picks Goldman, JPMorgan for Car Parts Spinoff
Continental AG has lined up banks to help with the separation of its struggling car parts business, moving ahead with the plans despite recalls related to faulty braking systems it supplied.
October 8, 2024Continental Tire to Open First US Distribution Center
Continental Tire announced Sept. 19 that Dallas-Fort Worth would be home to the company’s first fully owned tire distribution center in the United States.
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