Overview

• Shareholders have ratified a pure spin-off of Continental's loss-making auto supplier division, Aumovio, to be completed by October 2025.
• The spin-off will allocate Aumovio shares to existing Continental shareholders without generating cash for the parent company.
• Continental also plans to divest its Contitech polymer division, aiming for an independent setup by 2026, pending necessary approvals.
• Over 10,000 jobs have been cut, with reductions split between administration and R&D, as part of the company’s cost-cutting measures.
• Investor groups praised the strategic refocus but emphasized the need to rebuild trust among shareholders and employees.