Continental AG in Talks with Potential Buyers of Parts of VDO

(Akron/Tire Review) Continental AG is in talks to spin off Electric Motor Drives, which is part of Siemens AG's former VDO unit, management board member and human resources head Heinz-Gerhard Wente said.

Published: November 6, 2007

He said there is strong interest in the unit, which has 3,300 employees.

He said Continental has started exchanging information with potential buyers but has not entered negotiations.

The European Commission is set to decide on Continental’s $16.5 billion VDO acquisition on Nov. 15. Until then, Continental is not allowed to negotiate the spin-off of parts of VDO.

Handelsblatt said German automotive parts supplier Brose and an unnamed Japanese company are interested in acquiring Electric Motor Drives, citing sources close to the talks. It said industry sources put the sale price at around $724 million.

Cardinal rules for servicing custom wheel assemblies

Pulling off special wheel and tire packages requires serious expertise from your team.

By Christian Hinton

Published: May 16, 2024

We all look for different ways to stand out. Customers with custom wheels also seek a truly unique look to make their ride stand out compared to others on the road. However, for customers to pull off these special wheel and tire packages, it requires serious expertise from your team. Let's go over some key considerations for nailing custom wheel service.