Continental and Osram wind up automotive lighting JV

September 23, 2020 //By Christoph Hammerschmidt
Continental and Osram wind up automotive lighting JV
Osram and Continental intend to dissolve their joint venture for intelligent automotive lighting systems Osram Continental, founded in 2018. The two parent companies want to divest the contributed businesses and transfer them to their respective companies. This will affect 14 locations worldwide with 1500 employees.

With this measure, the two parent companies intend to counter the clouded market environment, which has developed differently than expected and is now being further burdened by the Corona crisis. However, the companies want to remain closely linked to their joint customers in the automotive industry in a future cooperation.

The industrial aspects which led to the creation of the joint company are still considered by the two partners to be valid. New lighting solutions will continue to require the close interaction of electronics, software functionality and modern LED light sources, according to a press release. In order to bring the resulting innovations and projects into series production on time, the two groups want to jointly ensure continuity in project implementation and the necessary expertise for their automotive customers.

Existing customer relationships will remain unaffected and orders placed and commitments entered into will be fulfilled, the partners promise.

More information: www.osram.com

 

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