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Continental was founded in 1871 as a rubber manufacturer, Continental-Caoutchouc und Gutta-Percha Compagnie. [10] In 1898, Continental began development and production of the vehicle tires with plain tread, which was a major success for the brand. In 1904, Continental became the first company in the world to manufacture grooved vehicle tires. [11]
In 1981 Gibson founded the Zytech Group with two main divisions: Zytek Automotive, based at Fradley, Staffordshire; and Zytek Engineering, based at Repton, Derbyshire.. In 2000, Motorola procured 19% of the Zytek Automotive and in 2006 this passed to Continental AG, a German engineering company, who purchased all of Motorola's automotive divisions & subsequently started raising their stock ...
In 1929, the company introduced its first aircraft engine, [3] a seven-cylinder radial designated as the A-70, with a displacement of 543.91 cu in (8.91L) that produced 170 hp (127 kW). In August 1929, the Continental Motors Company formed the Continental Aircraft Engine Company as a subsidiary to develop and produce its aircraft engines. [4]
2018: Schaeffler acquired the drive-by-wire company Paravan for development of autonomous vehicle technology. [32] As of 2021, the family owned 46% of Continental shares and 49.94% of Vitesco Technologies. [5] 2023: Schaeffler and Vitesco Technologies Group AG signed a Business Combination Agreement [citation needed]
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Jeffrey Sprecher was a power plant developer who spotted a need for a seamless market in natural gas used to fuel power stations. [2] In the late 1990s, Sprecher acquired Continental Power Exchange, Inc. with the objective of developing an Internet-based platform to provide a more transparent and efficient market structure for over-the-counter energy commodity trading.
PlaxidityX (Formerly Argus Cyber Security LTD.) is an Israeli automotive cyber security company. It was purchased by Continental AG in 2017, for $430 million. [ 1 ] In October 2017, Argus added a solution to enable OEMs to deliver over-the-air vehicle software updates.
The USDA reported that US egg production dropped 4% year over year, totaling 9.19 billion in October 2024. The bird flu caused the loss of 2.8 million egg-laying birds in Utah, Washington, and ...