March 12 (Reuters) - Continental AG's (CONG.DE), opens new tab supervisory board on Wednesday formally approved plans for spinning-off the group's automotive business, which will have cash funds ...

Stifel values Continental AG based on FY24E target multiples, with automotive technologies at 9.3x EV/adj. EBIT, Tires at 9.5x EV/adj. EBIT, and ContiTech at 8x EV/adj. EBIT. The company's ...

German automotive parts manufacturing company Continental’s Automotive subsidiary is planning to cut an additional 3,000 jobs in its research and development (R&D) segment by the end of 2026.