Continental AG, commonly known as Continental, is a German multinational company founded in 1871 and headquartered in Hanover, Germany. Originally established as a rubber manufacturer, Continental has evolved into one of the world's leading automotive suppliers, specializing in tires, brake systems, vehicle electronics, and other automotive components.
Product Portfolio:
Tires: Continental is renowned for producing a wide range of tires for passenger cars, trucks, motorcycles, and bicycles. Their tire lineup includes models designed for various conditions, emphasizing safety, performance, and fuel efficiency.
Automotive Components: Beyond tires, Continental manufactures brake systems, powertrain and chassis components, instrumentation, infotainment solutions, and vehicle electronics. These products contribute to vehicle safety, efficiency, and enhanced driving experiences.
Industrial Products: Through its ContiTech division, Continental offers technical elastomer products and specializes in plastics technology. This includes conveyor belts, hoses, and other industrial solutions catering to various sectors.
Global Presence:
As of 2023, Continental operates in 56 countries, employing around 200,000 people across its various divisions. The company's extensive global footprint enables it to serve a diverse clientele and adapt to regional market demands.
Recent Developments:
In August 2024, Continental announced plans to separate its automotive supply division from its tire and rubber business. This strategic move aims to create two independent entities, allowing each to focus on its core competencies and respond more effectively to market dynamics. The transition is expected to be completed by the end of 2025, marking a significant shift in the company's operational structure.
With a legacy spanning over 150 years, Continental continues to innovate and adapt, maintaining its position as a key player in the automotive industry.