Continental CEO Confident About Parts Spinoff Timing

(Bloomberg) — Preparations to spin off Continental AG’s car parts business are on track, Chief Executive Officer Nikolai Setzer said in an interview published on Sunday.

In a conversation with Frankfurter Allgemeine Zeitung, Setzer said he was confident the move would go ahead as planned, with his focus on enabling all segments of the firm — tires, automotive and ContiTech — to act more independently, flexibly and “faster and closer” to the market. …

Source: BNN