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2002: Acquisition of FAG Kugelfischer AG, Schweinfurt. [citation needed] 2003: INA, FAG and LuK form the Schaeffler Group. [citation needed] 2008: In August 2008, the Schaeffler family agreed to a staggered €12 billion acquisition of larger rival Continental AG Germany, whereby the family would defer taking a majority stake until at least ...
The spin-off wiped 3.73 billion euros ($4.38 billion) off Continental's market value, which settled at just under 19 billion euros at market close. Continental spin-off Vitesco falls flat in ...
Vitesco Technologies Group AG (known until autumn 2019 as Continental Powertrain), headquartered in Regensburg, is a German automotive supplier for drivetrain and powertrain technologies. Vitesco Technologies was a business area of Continental AG [ 1 ] until it became independent in September 2021.
Continental AG global operations Continental tires on a Mercedes-Benz SLS AMG 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.
Continental Automotive Systems (CAS), founded in 1906 by Alfred Teves, a division of the German Continental AG, was a brake and electronics supplier to the automotive industry, supplying systems, components, electronics, lithium-ion batteries and engineering services for vehicle safety, comfort and powertrain performance. Its sales top €4.6 ...
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Comcast is spinning off into a new company many of the cable television networks that were once at the entertainment giant's heart as consumers increasingly swap out their cable TV subscriptions ...
[11] [12] It was bought by Continental AG in 2006, became Vitesco Technologies in 2021, [13] acquired by Schaeffler in 2024, [14] and is the city's largest employer with 1,750 employees. [15] Caterpillar opened a diesel engine assembly plant in 2008 which is the second largest employer. [16] [17]