Continental CEO announces that the three major subsidiaries are ready to operate independently

Continental CEO Situ Che recently said that the company's three major sub-groups are ready to operate independently. In particular, the automotive sub-group plans to meet the split requirements by the end of 2025, and the split plan is currently in the evaluation stage. According to IT Home, as one of the largest automotive industry suppliers in Europe, Continental is considering splitting the company by listing its core automotive business unit. This department has annual sales of 20.3 billion euros and has about 100,000 employees, accounting for about half of Continental's business.