Continental’s powertrain business becomes Vitesco : Page 2 of 2

April 30, 2019 //By Christoph Hammerschmidt
Continental powertrain business becomes vitesco
The automotive technology group Continental has completed the organizational preparations for the spin-off of its powertrain division. The business unit will operate under the name Vitesco Technologies and focus on the electrification of the powertrain. The ambitious goal is to halve CO2 emissions from new vehicle fleets by 2030.

The new company is divided into three business units that operate independently. The two Continental divisions Engine Systems and Transmission have merged to form the new "Engine & Drivetrain Systems" (E&DS) business unit with the aim of strengthening their portfolio and at the same time increasing their efficiency. Its product spectrum ranges from engine and transmission controls to injection systems, turbochargers and exhaust aftertreatment.

Continental’s existing Sensors & Actuators and Fuel & Exhaust Management units were also merged to form the new Powertrain Components (PTC) division. Its portfolio includes fuel delivery units, catalytic converters and SCR metering systems as well as sensors and actuators for all types of vehicles and drives. The strategic growth area Hybrid & Electric Vehicle (HEV), which comprises all central components for drive electrification in hybrid and electric vehicles, remained unchanged.

The company counts all major automobile manufacturers among its customers. It has more than 50 production and development sites in all relevant market regions and employs more than 42,000 people worldwide. The drive business is still controlled from the headquarters in Regensburg (Germany).

The spin-off and the possible partial IPO of the Powertrain business is part of Continental's comprehensive organizational restructuring in response to the far-reaching changes in the automotive industry. The future Continental Group will comprise the three divisions Rubber Technologies, Automotive Technologies and Powertrain Technologies.

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