Continental's Tires, ContiTech Business to Separate - Tire Review Magazine

Continental’s Tires, ContiTech Business to Separate

Continental is separating its Rubber Technologies group into two independent group sectors, Tires and ContiTech, by January 1, 2022, Continental said.

The Supervisory Board of Continental AG is adjusting the structure of the Continental Group with a focus on market developments and customer requirements. This includes separating its Rubber Technologies group into two independent group sectors, Tires and ContiTech, by January 1, 2022, Continental said.

Continental’s executive board decided on the organizational changes last month with an eye on the ever-transforming mobility industry, the company said. The announcement follows the spin-off of Continental’s Vitesco Technologies in mid-September 2021 and its decision to create Autonomous Mobility and Safety and Motion business areas. According to the company, this is the next logical step in accelerating the strategic realignment of the company.

“In the future, Continental will be supported by three strong, equally represented and independent group sectors. This will accelerate its strategic realignment and position the company in an agile, market-oriented and future-oriented manner with respect to the transformation of the mobility industry,” said Supervisory Board chairman Professor Wolfgang Reitzle.”

The separated Tires and ContiTech sectors will continue to be led by Executive Board members Christian Kötz and Philip Nelles.

At the same time, Continental announced it will comprehensively realign its Automotive Technologies group sector and create five business areas that will be geared to the strategic action fields and market development of automotive technologies. Nikolai Setzer, Continental CEO, will continue to be responsible for this group sector on the Executive Board, the company said. Those business areas include:

  • Safety and Motion
  • Autonomous Mobility
  • Smart Mobility
  • User Experience
  • Architecture and Networking

“In our anniversary year, we have set the strategic course for the next successful chapter in our company’s history. We see the profound structural transformation in the mobility industry as an opportunity and are well positioned for this with our new structure. By reducing complexity and increasing our speed and transparency, we are once again demonstrating our ability to adapt,” Setzer said, explaining the reasons for the structural changes and adding: “We are pooling our expertise, particularly when it comes to software. This will benefit our customers. As a result, I firmly believe we will emerge as winners from the transformation of the mobility industry.”

The realignment of Automotive Technologies involves the dissolution of the two business areas Vehicle Networking and Information as well as Autonomous Mobility and Safety.

When the new structure comes into effect, Helmut Matschi and Frank Jourdan will step down from Continental’s Executive Board earlier than planned (both appointed until March 2024). As a result of their departure and the spin-off of Vitesco Technologies, the Executive Board of Continental AG will consist of five members starting January 1, 2022.

You May Also Like

Straightaway Tire brings on industry vets to promote training initiatives

John Wafler and Jason Servidio will drive platform-wide internal training initiatives for Straightaway Tire.

Straightaway-Tire-stock

O2 Investment Partners revealed that Straightaway Tire & Auto, an independent, full-service aftermarket automotive repair and service platform, has retained John Wafler and Jason Servidio to drive platform-wide internal training initiatives.

Wafler will oversee all area manager and general manager training. Previously, he spent more than two decades with RLO Training as a BLIG facilitator. According to O2 Investment Partners, he has "helped hundreds of shop owners realize the full potential of their businesses through his hands-on coaching."

TyreXpo Asia 2024 confirmed for Bangkok

The event is expected to attract over 4,000 international attendees from around 60 countries.

Hamaton to relocate its European distribution hub in Germany

The new location, still located on the Siemensring business park, will provide increased storage space and more.

Hamaton-New-Unit-Plan
Hankook Tire’s Rob Williams on leveraging momentum for global expansion

The company’s North America president tells all regarding product philosophy, dealer growth strategy, and what responding to the tire market means in 2024.

Hankook-Dealer-Meeting-Rob-Williams-QA-1400
Bill Ziegler, Ziegler Tire president, dies

Bill spent 48 years with Ziegler Tire, most recently as president.

Bill-Ziegler-600

Other Posts

How tire traction and tread design affect tire performance

Even though tires might all look the same to some customers, you should inform them how tread design works to improve their experience.

TR-Continental-treaddesign
Pirelli marks 50 million tires manufactured at Mexico plant

Since 2012, Pirelli has invested over $900 million in the plant.

Pirelli-mexico-factory-milestone
Falken tests new R/T, M/T tires at The King of the Hammers

Seven different competitors fit their vehicles with Wildpeak tires.

Falken-KOH-team
Yokohama Rubber commits to SBTi validation for sustainable targets

This commitment letter pledges to set and submit targets that are aligned with the SBTi’s target-setting criteria within two years.

Yokohama-greenhouse-gasses-stock-