Car supplier
Contis automotive division will be called Aumovio in the future
Continental wants to split its weakening car supplier division and bring it to the stock exchange as a company. Now the company’s name has been determined. How Aumovio should become a “Powerhouse”.
The independent car delivery division of the Continental Group should be called Aumovio. The company presented the new name on the Auto Shanghai. “As an independent company, we gain significantly more design and speed,” said Continental board member and automotive boss Philipp von Hirschheydt at the car show in China.
One is consistent on the way to becoming an agile “Powerhouse” (German: Kraft package). “Our future brand also stands for this ambition,” said von Hirschheydt. After the expected approval at the Continental general meeting on April 25th, the listing of Aumovio on the Frankfurt securities exchange for September 2025 is planned.
According to company, Aumovio wants to offer electronics products and modern mobility solutions for the software-defined vehicle. In addition, the focus should be on networked and autonomous mobility for a wide range of customers.
Aumovio wants to conquer Chinese market
“Our claim is to further expand our position in the future fields and growth markets of mobility,” said von Hirschheydt. This strategy becomes clear in China. “Here we rely on our strong local presence by producing and developing on site for the Chinese market.”
The Chinese market is the world’s largest automotive market. Automotive employs around 10,000 people in China and achieved around 14 percent of its sales in the 2024 financial year. The division worldwide has around 92,000 employees – almost half of the Continental employees. Sales were around 19.4 billion euros last year.
Continental shrinks back into a tire manufacturer
In December last year, Continental announced that it would split off the weakening car delivery division for years and to bring it to the stock exchange as a company.
The automotive delivery business has long been a problem child of the group and has repeatedly written red numbers in recent years. In the largest group in sales, the austerity course was recently tightened again. More than 10,000 jobs are eliminated, around half each in the administration and in research and development.
And the group also wants to separate from Hanover from its plastic technology division. Subject to the necessary resolutions, the independence could take place in the course of 2026. After a sale, only the traditional tire business should remain.
dpa
Source: Stern
