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Continental AG CEO: software unit Elektrobit is key asset for us

FRANKFURT, Nov 9 (Reuters) - Continental AG’s automotive software division Elektrobit is a strategic asset and key to the group’s ambitions, Chief Executive Nikolai Setzer said on Tuesday.

His comments, made during the Handelsblatt Automotive Summit, came in response to whether Continental could rule out a sale of the division to Volkswagen, which is expanding its own capabilities in the field via its Cariad unit. (Reporting by Christoph Steitz Editing by Riham Alkousaa)

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