The Group reorganises the Automotive divisions Chassis & Safety and Interior; while Powertrain division to become an independent legal entity
Tag: Elmar Degenhart
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Continental to Acquire 5 Percent Stake in HERE
Technology company Continental has signed a definitive agreement to acquire a 5 percent indirect ownership stake in HERE Technologies, a global leader in mapping and location services. The share will be sold by HERE’s current indirect shareholders, AUDI AG, BMW Group and Daimler AG. The involved parties have agreed not to disclose any financial details. The transaction is subject to merger control approval.
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Continental CEO Degenhart says EVs not enough for emission reduction
Continental’s CEO Dr Elmar Degenhart called for an open discussion about the technology required to reduce road-traffic CO2 emissions stating that electromobility is only part of the solution and to mitigate climate change effectively there is a need for a combination of electric drive systems consisting of clean diesel and gasoline engines, climate-neutral synthetic fuels and fuel cells.
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Continental CEO Dr Degenhart speaks out against quotas for electric vehicles
Continental CEO Dr Elmar Degenhart has spoken against quotas for electric vehicles, stating that innovation is far more persuasive than government intervention. He was speaking during a press conference at IAA, an international event for automotive industry held in Germany.