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Continental Shareholders Approve Spin-Off of Auto Supplier Division Aumovio

The move, ratified with 99.95% shareholder support, marks a major step in Continental's plan to refocus on its core tire business.

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Overview

  • Continental's auto supplier division, Aumovio, will be spun off as a separate entity with a stock market listing planned for October 2025.
  • Shareholders overwhelmingly approved the spin-off with 99.95% of votes in favor during the April 25, 2025, annual meeting in Hannover.
  • The spin-off will be executed as a pure spin-off, transferring shares of Aumovio to existing Continental shareholders without generating cash proceeds for the company.
  • More than 10,000 jobs have already been cut in administration and R&D as part of efforts to address ongoing losses in the auto supplier division.
  • Continental also plans to divest its ContiTech polymer unit by 2026, leaving the company focused solely on its historically successful tire business.