Profile: Continental AG (CTTAY.PK)
18 Sep 2014
Continental AG is a Germany-based automotive industry supplier. The Company focuses its activities on the development, production and distribution of products that improve driving safety, driving dynamics and ride comfort. The Company’s activities are carried out through its various divisions, which include Chassis and Safety, Powertrain, Interior, Paasanger and Light Truck Tires, Commercial Vehicle Tires, ContiTech and Other / Consolidation. In January 2009, Schaeffler KG acquired 49.9% interest in the Company.
Chassis and Safety
The core of the Chassis and Safety division is a large portion of the business of the former Automotive Systems division. This division combines the active and passive safety activities and driver assistance systems for both companies.
The Powertrain division stands for systems solutions for vehicle drivetrains. The former business areas of the Continental Corporation and Siemens VDO were united to form this division.
The focus of the Interior division is information management between the vehicle, driver, and passengers, between vehicles, and between the vehicle and the environment. This division was formed from complementary operating units at the Continental Corporation and Siemens VDO.
Paasanger and Light Truck Tires
The Paasanger and Light Truck Tires division develops, manufactures, and distributes passenger and light truck tires for compact, medium-size, and full size cars as well as tires for vans. Extended mobility systems are also included in this division. Motorcycle and bicycle tires are also included in this division. As well as Continental’s own retail tire companies.
Commercial Vehicle Tires
The Commercial Vehicle Tires division offers truck, bus, industrial and off-the-road tires. It offers it to a diverse service area and application requirements.
The ContiTech division is a specialist in the field of rubber and plastics technology outside if the tire industry. The division develops and produces functional parts, components, and systems for the automotive industry and for other sectors, such as the rail and printing industries, as well as mining, and machinery and equipment construction.
Other / Consolidation
This comprises centrally managed subsidiaries and affiliates. It includes holding, financial, and insurance companies, as well as the holding function of Continental AG and certain effects of consolidation.
Vahrenwalder Strasse 9