Continental bets on automated-driving growth : vimarsana.com

Continental bets on automated-driving growth


Continental bets on automated-driving growth
Supplier will move ahead with the spinoff of its Vitesco powertrain division
Bloomberg
Print
Continental will create a dedicated unit for its self-driving technology as the German supplier aims to benefit from rising sales for electric cars filled with electronic gadgetry.
Continental’s board approved plans to move the driver-assistance business into a special “Autonomous Mobility” unit at the start of next year, the company said on Tuesday.
The supplier is also pushing ahead with the spinoff of its Vitesco powertrain division in the second half of 2021.
“The autonomous mobility market will more than double in the next three years,” CEO Nikolai Setzer said. “Our goal is and will continue to be global technology leadership when it comes to assisted and automated driving.”

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