Continental in conversation with Schaeffler-Group about possible investment

Schaeffler has informed Continental about its interest in a possible investment in the company. That has now been confirmed by Continental. As soon as Schaeffler-Group has substantiated its plans, the management board of Continental AG will evaluate these and communicate its views in due course. With targeted annual sales of more than €26.4 billion in 2008, the Continental Corporation is one of the top automotive suppliers worldwide. As a supplier of brake systems, powertrain and chassis systems and components, instrumentation, infotainment solutions, vehicle electronics, tires and engineering elastomers, the company contributes to enhanced driving safety and global climate protection. Continental is also a competent partner in networked automobile communication. The company currently employs approximately 150,000 staff at almost 200 locations in 36 countries.