Continental AG
Hanover, Germany | ||
Area served | Worldwide | |
---|---|---|
Key people |
| |
Products | Parent Schaeffler Group | |
Subsidiaries | General Tire Continental Automotive Systems Hoosier Racing Tire Matador Phoenix AG VDO | |
Website | www | |
Footnotes / references [2] |
Continental AG, commonly known as Continental or colloquially as Conti,
Continental sells tires for automobiles,
History
Continental was founded in 1871 as a
Nazi era
When the Nazis came to power in Germany in 1933, all members of the Board of Management as well as the authorized signatories and directors of the second management level were obliged to join the Nazi party, the Works Council was purged of "opponents of the regime," and all Jewish members of the Supervisory Board were forced to resign. As early as the end of 1933, the Executive Board could proudly announce that Continental was now "a Christian and purely German company".[13][14]
As with many other German companies during
Post-war
Continental teamed up with FATE in 1999 for the production of tires for cars, trucks, and buses in Argentina[19] and exportation of the San Fernando plant's production to the rest of South America.[20]
In 2001, Continental acquired a controlling interest in Temic,
In 2008, Continental appeared overextended with its integration of VDO and had since lost almost half of its
Continental was ranked third in global
In 2017 Continental signed a partnership to be the Tour de France official tire sponsor till 2027.[29]
On 13 November 2020, it was announced that Nikolai Setzer would take over as CEO following the short-notice resignation of Elmar Degenhart.[30]
In February 2021, Continental announced that it acquired a minority stake in Recogni, a German-U.S. start-up, to advance its autonomous driving technology. The start-up is working on a new chip architecture for object recognition in real time based on artificial intelligence.[31]
In December 2021, as a result of a diplomatic spat between Lithuania and China over Taiwan and human rights China pressured Continental AG to stop doing business with Lithuania.[32][33]
In April 2022, Continental resumed production of tires in Russia despite
In February, Continental AG cut around 7,150 positions in its auto unit.[35]
Interior Division
The Interior Division is organised under the following five business units:[36]
- Body & Security
- Commercial Vehicles & Aftermarket
- Infotainment & Connectivity
- Intelligent Transportation Systems
- Instrumentation & Driver HMI
- Autonomous Mobility
Body & Security is leading the development of
Schaeffler takeover
When Continental decided to purchase
Ten years later, Geissinger returned to Continental with mother-and-son owners
In August 2008 and after a protracted
Continental Tire the Americas, LLC
Continental Tire entered the North American tire industry with its 1987 purchase of
The
From 2002 through 2005, the subsidiary sponsored a new
The subsidiary announced that effective 1 January 2006, it would implement massive cuts on health care for retirees across the country. After a class-action lawsuit, the company and United Steelworkers union, representing the retirees, agreed to a settlement whereby the company would continue to fund benefits.[48] Later that year, it announced it would cease tire production in Charlotte[49] and would close its tire production plant in Mayfield, Kentucky.[50]
In 2011, CTA announced that it would build a plant in Sumter, South Carolina. The plant will cost about $500 million and employ 1,600 workers by 2020.[51]
In February 2016, CTA announced that it would build a Commercial Tire plant in Clinton, Mississippi, with an investment totaling approximately $1.4 billion and employing 2,500 people when the plant reaches full capacity in the next decade.[citation needed]
In October 2016, CTA purchased Hoosier Racing Tire.
Automotive electrical-energy storage systems
Continental was one of the companies bidding to work with
Continental continues to look at developments and innovation in the field of Automotive electrical-energy storage systems. These include developing solutions for gasoline and diesel driven engines as well as the rapidly-developing area of electrified systems. By offering a comprehensive technology toolkit to auto manufacturers, they enable these manufacturers to develop customised electrification in their vehicles, resulting in more efficient systems that produce lower emissions.[54]
Automotive PACE Awards
In April 2016, Continental AG together with Honda's U.S. subsidiary, were honored with the 2016 Automotive News PACE Innovation Partnership Award[55] for the Bidirectional Long Range Communications (BLRC) System, developed by the Body and Security Team in the Interior Division.[56] The Radio Frequency Device, helps the car user to operate a remote control key fob from more than half a kilometer away, to start the engine and climate control function, while receiving feedback from the vehicle (such as locked/unlocked). The Radio Frequency System, powered by a single standard coin cell, and an innovative vehicle-mounted RF transceiver, was developed together by Honda and Continental, and was debuted on the Acura MDX in 2013 and was quickly followed by the Acura TLX and Acura RLX in 2014.
In 2015, Continental AG was honored with two PACE Awards for its Bare Die High-Density-Interconnect (BD-HDI) Printed Circuit Board Substrate Technology for Transmission Electronics[57] and its Multi-application Unified Sensor Element (MUSE).[58] In 2018, Continental won a PACE (Premier Automotive Suppliers' Contribution to Excellence) Award for its Digital Micromirror Head-Up Display technology. Along with Audi, Continental also received an Innovation Partnership Award for their Safety Domain Control Unit (SDCU).[59]
In 2020, Continental won an inaugural PACEpilot award for its Virtual A-Pillar technology that helps to eliminate forward blind spots. PACEpilot is an offshoot of the long-standing PACE awards, and the programmes seeks to recognise innovations in automative technology that have moved to the working model phase of testing.[60]
Executive management
Chief Executive Officer
- 1973–1982: Carl Hahn
- 1991–1999: Hubertus von Grünberg
- 1999–2001: Stephan Kessel
- 2001–2008: Manfred Wennemer
- 2008–2009: Karl-Thomas Neumann
- 2009–30 November 2020: Elmar Degenhart[61]
- 1 December 2020–present: Nikolai Setzer[30]
Chairman of the Board
- Unknown–1989: Alfred Herrhausen
- 1999–2009: Hubertus von Grünberg
- 2009–2009: Rolf Koerfer (6 March–28 September)
- 2009–present: Wolfgang Reitzle
Supervisory board
- Werner Bischoff*
- Michael Deister
- Gunter Dunkel
- Hans Fischl*
- Juergen M. Geissinger
- Hans-Olaf Henkel
- Michael Iglhaut*
- Jörg Köhlinger*
- Klaus Mangold
- Hartmut Meine*
- Dirk Nordmann*
- Artur Otto•
- Wolfgang Reitzle (Chairman)
- Klaus Rosenfeld
- Georg F. W. Schaeffler
- Maria-Elisabeth Schaeffler
- Jörg Schönfelder*
- Bernd W. Voss
- Siegfried Wolf
- Erwin Wörle*
- Aydin Aliyev*
- Tural Omarov*
'*' Denotes labor representative[62]
Acquisition of Veyance Technologies, Inc.
Continental AG has acquired the American rubber company Veyance Technologies, Inc. based in Fairlawn, Ohio. Veyance will be integrated into the company's ContiTech division, and will serve as the regional home office for ContiTech in North America.
The Brazilian
See also
- Continental Automotive Systems – one of the five divisions
- Hoosier Racing Tire – part of the racing tire division
- Vitesco Technologies
References
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- ^ "Annual Report 2022". Continental. Retrieved 17 May 2023.
- ^ "Conti will mit neuer Strategie zurück in die Zukunft". ndr.de. Retrieved 30 December 2020.
- ^ "The History of General Tire from 1915 up to now". General Tire. 27 January 2005. Retrieved 2 May 2012.
- ^ "Viking Tyre Global Site". Retrieved 3 December 2018.
- ^ "Continental Tire – Tire Brands". Continental AG. Retrieved 19 October 2022.
- ^ "About Dunlop Tyres Malaysia". Continental AG. Retrieved 19 October 2022.
- ^ "Continental General Tire Corp". Funding Universe. Retrieved 2 May 2012.
- ^ a b "German Autoparts Company Begins Investment in Costa Rica". Inside Costa Rica. 17 October 2007. Archived from the original on 30 June 2007. Retrieved 2 May 2012.
- ^ "History 1871 - 1926". Continental Corporation. Retrieved 2 May 2012.
- ^ "History". Continental USA. Retrieved 1 February 2019.
- ^ "A short biography on Albert Gerlach (1858-1918)". December 2022. Retrieved 3 August 2023.
- ^ Berger, Axel. "»Wenn sie tot sind, gibt es neue« (nd-aktuell.de)". nd-aktuell.de (in German). Archived from the original on 24 February 2022. Retrieved 24 February 2022.
Nicht nur seien sofort danach »sämtliche Vorstandskollegen sowie die Prokuristen beziehungsweise Direktoren der zweiten Führungsebene zum sofortigen Eintritt in die NSDAP« verpflichtet, der Betriebsrat von »Regimegegnern« gesäubert und in den ersten beiden Jahren etwa eine Million Reichsmark an diverse NS-Organisationen gespendet, sondern auch alle jüdischen Aufsichtsratsmitglieder zum Rücktritt gezwungen worden. Stolz konnte der Vorstand bereits Ende 1933 verkünden, Continental sei nun »ein christliches und rein deutsches Unternehmen«.
- ISSN 0174-4909. Retrieved 24 February 2022.
- ^ "Satellite camps". kz-gedenkstaette-neuengamme.de. Retrieved 29 June 2019.
- ^ "Satellite camps". kz-gedenkstaette-neuengamme.de. Retrieved 29 June 2019.
- ^ "Satellite camps". kz-gedenkstaette-neuengamme.de. Retrieved 29 June 2019.
- ISBN 978-3-11-064643-6.
- ^ "Fate se asoció a Continental". Lanacion.com.ar. 6 August 1998. Archived from the original on 3 February 2016. Retrieved 3 April 2012.
- ^ "Blog de las Marcas: Historia de Fate". Blogdelasmarcas.blogspot.com. 23 October 2007. Retrieved 3 April 2012.
- ^ "History 1997-2010". Continental Corporation. Retrieved 2 May 2012.
- ^ Carter Dougherty (28 August 2007). "Continental sets about integrating Siemens VDO". The New York Times. Retrieved 2 May 2012.
- ^ a b Christoph Hammerschmidt (14 July 2008). "Hunter Continental AG now becomes the hunted". EE Times. UBM Tech. Retrieved 6 January 2013.
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- ^ Tschampa, Dorothee (6 September 2012). "Continental Back in German DAX After Schaeffler Recovery". Bloomberg News. Bloomberg L.P. Retrieved 3 January 2013.
- ^ "Shareholder Structure | Continental". Continental. Retrieved 10 June 2020.
- ^ Druce, Alex (1 November 2018). "Sale of Kmart Tyre and Auto finalised". Australian Associated Press. Archived from the original on 2 November 2018. Retrieved 2 November 2018.
- ^ "Continental and Tour de France Extend Partnership Until 2027".
- ^ a b "Nikolai Setzer appointed CEO of Continental". mes-insights.com. Archived from the original on 29 November 2020. Retrieved 23 November 2020.
- ^ "Continental invests in object recognition start-up". Reuters. 23 February 2021. Retrieved 24 February 2021.
- ^ Sytas, Andrius; O'Donnell, John (17 December 2021). "China pressures Germany's Continental to cut out Lithuania - sources". Reuters. Reuters. Retrieved 18 December 2021.
- ^ FUKAO, KOSEI. "China said to arm-twist Continental on Lithuania business". asia.nikkei.com. Nikkei. Retrieved 18 December 2021.
- ^ Müßgens, Christian; Wagner, Katharina (19 April 2022). "Conti nimmt die Reifenproduktion in Russland wieder auf". Frankfurter Allgemeine Zeitung. Retrieved 19 April 2022.
- ^ "The Detroit News". www.detroitnews.com. Retrieved 14 February 2024.
- ^ "The Business Units – Integrated and specialized". Continental Automotive. Archived from the original on 23 August 2016. Retrieved 10 August 2016.
- ^ "Body & Security (BS)". Continental Automotive. Archived from the original on 15 September 2016. Retrieved 31 August 2016.
- ^ "Our locations – worldwide presence". Continental Automotive. Archived from the original on 15 September 2016. Retrieved 31 August 2016.
- ^ Staff writers (28 July 1998). "Continental A.G. in $1.93 Billion Deal". The New York Times. Retrieved 3 January 2013.
- ^ Jann Bettinga and Sheenagh Matthews (28 January 2009). "Billionaire Schaeffler Shunned School to Lead Company". Bloomberg L.P. Retrieved 3 January 2013.
- ^ Schaeffler AG Press Release (16 July 2008). "Schaeffler Group seeks strategic shareholding in Continental AG". Schaeffler AG & Co. KG. Retrieved 7 January 2013.
- ^ Dougherty, Carter (28 August 2007). "Continental sets about integrating Siemens VDO". The New York Times. Retrieved 3 January 2013.
- ^ "Schaeffler agrees to limit Continental stake". The Economic Times. Bennett, Coleman & Co. Ltd. 21 August 2008. Retrieved 6 January 2013.
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- ^ Fuchs, Roberta (10 March 2006). "Continental may halt production, lay off 478". Charlotte Business Journal. bizjournals.com. Retrieved 2 May 2012.
- Charlotte Business Journal. bizjournals.com. 2 August 2006. Retrieved 2 May 2012.
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- ^ Green, Jeff; Ortolani, Alex (12 January 2009). "GM to Build Michigan Plant to Supply Volt Batteries". Bloomberg.com. Retrieved 2 May 2012.
- ^ Jin, Hyunjoo (14 November 2010). "LG Chem sees more battery orders for GM's Volt in 2011". Reuters. Reuters.com. Retrieved 2 May 2012.
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- ^ "Honda and Continental Honored with 2016 Automotive News PACE Innovation Partnership Award". Continental Corporation. Retrieved 11 September 2016.
- ^ "Automotive News PACE Awards". Automotive News. Retrieved 11 September 2016.
- ^ "Automotive News PACE Awards". Automotive News. Retrieved 11 September 2016.
- ^ "Continental Wins 2018 Automotive News PACE and Innovation Partnership Awards | Markets Insider". markets.businessinsider.com. Retrieved 17 November 2020.
- ^ "Continental's Virtual A-Pillar Honored in First Automotive News PACEpilot Award Program". Continental USA. Retrieved 17 November 2020.
- ^ "Continental CEO Degenhart to Resign, Citing Health Reasons". Bloomberg. 29 October 2020. Retrieved 17 November 2020 – via Bloomberg.com.
- ^ "Supervisory Board / Committees". Continental AG. Retrieved 4 January 2013.
- ^ McAfferty, Rachel Abbey (30 January 2015). "Continental AG closes $1.6 billion acquisition of Fairlawn-based Veyance Technologies Inc". crainscleveland.com. Cleveland Business. Retrieved 27 February 2015.