BERLIN, Sept 30 (Reuters)-German cars and truck parts manufacturer Continental(CONG.DE)revealed plans for a restructuring that will certainly integrate from the beginning of next year organization activities around connectivity, movement, as well as high-performance computers, it claimed on Thursday. Its tires business as well as the ContiTech division, focused on rubber technologies, will come to be independent group industries, while its Automotive Technologies branch will divide into 5 service locations consisting of a new concentrate on smart wheelchair and also customer experience, a declaration claimed.
The restructuring is a more step by Continental to reorganise its service after dilating its powertrain unit Vitesco (VTSCn.DE) in mid-September. read more”Mobility of the future is sustainable, computerized and also linked, “President Nicola Setzer said in a declaration.”We are thus taking advantage of the prospective presented by our special strong innovation placement in all of these fields.”
As component of the restructuring, administration board members Helmut Matschi as well as Frank Jourdan will certainly tip down, almost three years prior to completion of their agreements. That will certainly reduce Continental’s board to
five members from Jan. 1. Reporting by Victoria Waldersee; Editing by Maria Sheahan Our Criteria: The Thomson Reuters Count On Principles.