Conti CEO: Restructuring moves driven by ‘automotive transformation’

Hanover, Germany – Continental AG’s moves to explore options for a major restructuring of the group are being driven by transformation within the automotive industry, CEO Dr Elmar Degenhart has stated.

Technology changes required flexibility and agility and that was why the company wanted to gear itself toward rapid growth, the Conti boss explained in a 2017 annual results statement 8 March.

“We are currently assessing our options. A plan is yet to be finalised,” added Degenhart – in comments indicating that major change do, indeed, lie…

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