BIG SKY, MT – There are no plans to spin off Continental AG’s tire and rubber business, though a restructuring initiative expected to conclude midyear would accommodate such a move, a senior executive admits. Since last year’s stormy takeover of Germany-based Continental by German bearing-manufacturer Schaeffler Group, the supplier’s automotive operations have been reorganizing to comprise three divisions – interiors, chassis and safety and powertrain products. The latter division consists ...
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