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Continental AG is signaling it will stop short of making further drastic changes as Europe’s second-biggest car-parts supplier doubles down on a restructuring to improve disappointing performance.

Continental AG, Europe’s second-biggest supplier of car parts, warned the global bottleneck in chip supply and raw material cost inflation will drag on the auto industry through the rest of the year.

Continental announced it will be celebrating its 150th year in business later this year.

Continental AG will create a dedicated unit for its self-driving technology as the German automotive supplier hopes to benefit from rising sales for electric cars filled with electronic gadgetry.

Continental AG is exploring a sale of its turbocharger unit as the German auto-parts maker conducts a major restructuring to stem losses, according to people familiar with the matter.

Continental announced the appointment of two new leaders Aug. 25 for the truck tires division in the Americas region.

Tire, systems and components supplier Continental said it will transition customers to an alternate electronic logging device and fleet management solution.

Continental AG suffered a third-quarter loss triggered by a far-reaching overhaul to revive squeezed margins as it pursues a plan to spin off its powertrain division next year.

Continental AG mapped out a sweeping restructuring plan set to last a decade that will affect as many as 20,000 jobs worldwide, part of the German manufacturer’s effort to restore profits while enduring sluggish vehicle production in key markets.

Automotive supplier and tire manufacturer Continental announced it renamed its longhaul tire for improved clarity among fleets and dealers.