Continental : Schaeffler has e-mobility orders worth $1.25 billion – Automobilwoche

FRANKFURT (Reuters) – German automotive supplier Schaeffler (>> Schaeffler) has bagged orders worth at least 1 billion euros (885.17 million pounds) in sales in the area of electric mobility, one of the group’s board members has told a weekly paper.

Schaeffler, the largest shareholder of tyre and auto parts group Continental (>> Continental), earlier this year set up a unit for electric mobility, as most major carmakers are revamping their business towards battery-powered vehicles.

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Conti CEO: Free, open international trade critical to auto industry


DETROIT — Continental A.G. CEO Elmar Degenhart stressed the importance of free and open international trade at a media briefing Jan. 15 during the during the North American International Auto Show.

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Continental hires JP Morgan for possible structural overhaul, report says


FRANKFURT — Continental has hired JP Morgan to advise on a possible reorganization that could see a breakup of the company’s business units as it repositions for a market focused on electric and self-driving vehicles, sources told Reuters. The U.S. investment bank has been mandated by the component and tire maker to work on strategic options, including a separation of its current businesses, three people familiar with the discussions said.

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The Auto Industry’s To-Do List for the Electric, Self-Driving Future


The car industry faces its biggest technological transformation since the automobile was invented more than a century ago, with self-driving systems, wholly battery-powered models and ride-sharing initiatives now at the center of attention. The cosmic overhaul is leaving no manufacturer untouched, and companies are reacting to avoid being steamrollered by the revolution.

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Billionaire Schaefflers hold the keys to Conti’s fortunes


Breaking up Continental is an old idea, but investors had begun to wonder if it would ever happen: even as suppliers such as Delphi Technologies and Autoliv announced they were doing the splits last year, the German behemoth didn’t budge. Now Continental is talking to advisers about a major overhaul, according to Bloomberg News. Those discussions could result in Continental creating separate listings for some of its businesses, possibly under a holding company.

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Continental said to consider major overhaul, possible breakup


FRANKFURT — Continental is in exploratory talks with advisers on what could amount to its biggest-ever overhaul and possible breakup of the supplier, according to people familiar with the matter. Under scenarios being discussed, Continental could create a holding company for its divisions and then list shares of the more profitable units, such as the tire business, or combine some operations with rivals, said the people, who declined to be identified because the matter is private.

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Bosch and Continental to acquire stake in HERE


German suppliers Robert Bosch and Continental said they each plan to acquire 5 percent stakes in Here Technologies, a digital mapping company jointly controlled by BMW, Daimler and Audi. The suppliers and Here did not disclose purchase prices. The deal, which is subject to antitrust approvals, is expected to close by the end of the first quarter.

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Conti Stashes Over $3 Billion for Acquisitions


Continental AG has at least $3.53 billion (3 billion euros) on hand for acquisitions to expand into Asian led automotive markets.

Wolfgang Schaefer, the company’s CFO, said Continental’s scope has become bigger as it has experienced “positive development,” according to an article from the Daily Mail. He said the company could make major acquisitions within the next year.

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Continental to showcase 2 battery charging systems at CES


German auto supplier Continental AG said it has developed two battery charging systems that aim to tackle the obstacles of range, weight and cost often associated with charging technology. The first of the two is a wireless charging system that transfers power from a charging pad on the ground, to a receiver pad beneath an electric vehicle. The charging power is transferred inductively, and is able to supply one mile of driving for every 90 seconds of charging, the company said in a Wednesday.

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Continental Demonstrates Holistic Connectivity Experience At CES 2018


In its Holistic Connectivity Experience demonstration car, Continental is harnessing web technologies to provide seamless connectivity for users to enjoy a better driving experience. Consumers are provided with relevant and up to date information including traffic, road and weather conditions right at their fingertips, which, in turn, creates opportunities for vehicle manufacturers and service providers, who can leverage vehicle information to anticipate user needs and deliver a richer, more personalized experience.

“There is tremendous potential for the application of web technologies in the automotive world. With our Holistic Connectivity Experience demo car, we are showcasing the possibilities,” said Dr. Karsten …

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