Continental concentrates on autonomous tech
17 March 2021
Between 2018 and 2020, Continental’s autonomous technology lines chalked up orders worth €9 billion. The company hopes to increase this amount substantially in the coming years as demand increases alongside vehicle automation. While Continental did make its name supplying physical parts like tyres, its future profit margins could see further advance through the sale of software. ′It is software that will clearly make the difference in the future,’ Setzer explained. ′Its development and industrialisation require that we have extremely short response times and the utmost flexibility as well as agile, interdisciplinary cooperation within our organisation and with our external partners in all regions.’ Vitesco Technologies As part of its recent meeting, Continental’s supervisory board also committed to spinning off Vitesco Technologies. Subject to shareholder approval, the powertrain company will gain independence within the second half of 2021, with a subsequent listing on the stock market. ′Today, we gave the green light to continue proceedings aimed at establishing the entrepreneurial independence of Vitesco Technologies. If the shareholders agree, we will turn one global champion into two in the future – each in their own area,’ said Wolfgang Reitzle, chairman of the supervisory board. ′Vitesco Technologies is a trailblazer in the field of powertrain electrification, and Continental is a pioneer for connected, safe and sustainable mobility. With this step, both technology companies will be able to achieve their full potential.’ Last month the drivetrain manufacturer announced its new Debrecen plant (Hungary) had gone into operation following two years of construction and €100 million worth of investment. Designed with Industry 4.0 in mind, it utilises autonomous transport robots, an intelligent warehouse management system, computer-assisted maintenance, and other automated building functions. So not only is Continental and its subsidiaries looking to autonomous technology to bolster its profit margins, but its production lines as well.
Systems for advanced driver assistance and #AutomatedDriving: independent ″Autonomous Mobility″ business area within the Automotive Technologies group sector from January 1, 2022, headed by Frank Petznick. #Continental @ContiAutomotivehttps://t.co/W24Sx69UDR pic.twitter.com/LAMohQkidW″” Continental Press Office (@Conti_Press) March 16, 2021