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Bankers are working on debt packages of around 2.5 billion euros to back a potential acquisition of Continental's industrial ContiTech unit, as a highly anticipated sales process kicks off.

Aumovio will cut up to 4,000 jobs in research and development worldwide as the German auto supplier moves to rein in costs amid a “challenging” market environment and intensifying competition.

Continental's industrial ContiTech unit is set to miss targets because of weak demand and other expenses, raising doubts about the price the division will fetch in its sale process.

Christian Kötz will replace outgoing CEO Nikolai Setzer next month, when Continental will begin a sales process for the ContiTech business.

Auto parts maker Continental Automotive is considering a $45 million expansion of its New Braunfels, Texas, manufacturing facility.

Continental lowered a profitability target for the year due to rising costs from U.S. tariffs as the German automotive supplier forges ahead with a plan to dismantle itself.

Continental AG more than doubled earnings in the first quarter as its car parts unit slashed costs and tire sales bounced back from weaker levels last year.

Continental appointed company veteran Roland Welzbacher to succeed Olaf Schick as CFO as the German manufacturer sheds units to focus on its more profitable tires business.

Continental AG is returning to its roots, abandoning decades of expansion into auto and industrial parts to focus on its more profitable tires business.

Continental AG will try to pass on the cost of tariffs imposed by President Donald Trump to its customers, according to the German parts maker’s finance chief.