Report: Continental ‘restructuring’ guided by 2025 target

Frankfurt, Germany – In exploring restructuring options, the Continental board is targeting a set-up that will enable it to outpace overall market growth from 2025, according to an Automobilwoche report.

Automobilwoche  – a German-based sister publication of ERJ – quoted group CEO Elmar Degenhart as saying: “We have to admit that our portfolio is very diversified.

“Continental must become ever more flexible, agile. And it must not lose speed.”

The German weekly newspaper also carried comments from the top management at Schaeffler – Continental’s main shareholder – rejecting the idea of splitting up its own car-parts activities.