Continental ready for next growth spurt with innovative powertrain technologies

Continental is ready to go. The technology company is approaching the most fundamental transformation in the history of vehicle drivetrain technologies in the next 15 years with confidence and full strength. Its attention is focused on two parallel efforts. The first is the full value creation from the growing demand for the most efficient combustion engine technologies that also guarantee the lowest emissions. The second is to benefit from the prospective growth in environmentally friendly, electrified and fully electric drive systems. This is why Continental will spend an additional Euro 300 million on its business with electric drives alone by 2021. This step, as well as additional plans, are part of the new global “Powertrain Strategy 2020+”. “We now will proceed with the gradual implementation of our new strategy. In doing so, we will be guided by our customers’ demands and strategies. In this context, we have to expect gradually falling demand for newly developed mechanic and hydraulic engine components,” said José A. Avila, member of the Executive Board and President of Continental’s Powertrain division.