Continental’s automotive group realigns its independent headquarters

Continental location in Frankfurt to become headquarter of new, independent Automotive company
Continental’s Automotive Group Sector has confirmed plans to establish its legally independent headquarters in Frankfurt am Main to reinforce its presence in the Rhine-Main region. Following the Supervisory Board’s approval of the company’s spin-off based in Guerckestrabe set to be operational by the middle of this year.
This move will involve around 4,230 employees currently based in Frankfurt across production, research and development and administration with Philipp von Hirschheydt, Continental’s Executive Member and Head of the Automotive Group Sector emphasising the strategic importance of this decision by stating “We are creating an independent, high performing and globally positioned company defined by advanced technologies and innovative strength and adaptability.”
Continental’s Automotive Group currently employs 92,000 staff and last year reported sales of € 19.4 billion and is progressively developing a strong market presence in sensor solutions, display systems, braking technology and advanced software platforms.
This important spin-off in Continental’s future advancement in the automotive sector underlines a significant milestone to operate with even greater flexibility and focus.
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