Conti Board Pushing Schaeffler Off

Continental AG executives said yesterday that it would not offer seats on its supervisory board to Schaeffler Group any time soon.

Published: December 17, 2008

The company, in the process of being taken over by Schaeffler, said Schaeffler will have to wait until Conti’s next scheduled board meeting in April, According to Financial Times.

According to the report, Conti is deeply concerned about Schaeffler’s financial situation and that it may try to gain access to Continental’s cash.

Schaeffler wants four seats on the 20-member supervisory board, and recently made loud overtures toward that end.

European Union antitrust authorities are scheduled to rule on the $17.9 billion, debt-financed takeover on Dec. 19. (Tire Review/Akron)

Bridgestone invests in Yoshi Mobility to expand into virtual inspection, EV charging

Yoshi is also commercializing its mobile EV charging platform to address EV fleet charging challenges.

By Christian Hinton

Published: May 1, 2024

Yoshi Mobility recently closed its $26 million Series C funding round. The round includes strategic investors General Motors Ventures and Bridgestone Americas, as well as international investors Universal Motors Agencies and Shikra Limited. Launched out of Y Combinator in 2016, the company is also backed by ExxonMobil, DN Automotive, NBA All-Star Kevin Durant, and NFL legend Joe Montana. Yoshi Mobility has raised more than $60 million to date. In addition to scaling its core business, the company said Series C funding enables it to expand three new business lines: preventative maintenance, virtual vehicle inspections and electric vehicle (EV) charging.