Spinoff Report
New Spin: Back to the Spinoff Drawing Board for German Automaker
Back in August 2018, Continental AG (CON GY) announced its plans to perform an IPO-Spin of its Powertrain business to help the German automaker’s market position from slipping further. However, as the automotive industry is pressured to adapt, CON shifted its plan to that of a pure Spinoff (to be called Vitesco Technologies) rather than the IPO-Spin originally proposed. This automotive Spinoff joins several others previously completed in the past couple years, as well as two more coming up.

  • 2018 Plans for Powertrain IPO-Spin Scrapped in Favor of Spinoff / NewCo Called Vitesco Technologies
  • Auto Markets Still Largely in Decline / Other Powertrain Separations in Recent Years
  • Reorganizing into Three Business Units: Rubber, Automotive & Powertrain (Spinoff Entity)
  • Andreas Wolf (Vitesco CEO) Highlighted the Segment's Leadership in Powertrain Systems' Electrification in Push for Clean Vehicles
  • Expected Completion of Spinoff in 1H 2020 / CON GY Enters the Upcoming EUR Spinoffs Calendar
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