Continental AG, commonly known as Continental or colloquially as Conti, is a German multinational automotive parts manufacturing company specializing in brake systems, interior electronics, automotive safety, powertrain and chassis components, tachographs, tires and other parts for the automotive and transportation industries.
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Continental AG is structured into six divisions: Chassis and Safety, Powertrain, Interior, Tires, ContiTech, ADAS .
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Continental AG sells tires for automobiles, motorcycles, and bicycles worldwide under the Continental AG brand.
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Continental AG's customers include all major automobile, truck and bus producers, such as Volkswagen, Daimler AG, BharatBenz, Ford, Volvo, Iveco, Schmitz, Koegel, Freightliner Trucks, BMW, General Motors, Toyota, Honda, Renault, PSA and Porsche.
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Continental AG was founded in 1871 as a rubber manufacturer, Continental AG-Caoutchouc und Gutta-Percha Compagnie.
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In 1898, Continental AG started development and production of the vehicle tires with plain tread, which was the major success of the brand.
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In 1904, Continental AG became the first company in the world to manufacture grooved vehicle tires.
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Continental AG teamed up with FATE in 1999 for the production of tires for cars, trucks, and buses in Argentina and exportation of the San Fernando plant's production to the rest of South America.
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In 2001, Continental AG acquired a controlling interest in Temic, DaimlerChrysler's automotive-electronics business, which is part of Continental AG Automotive Systems.
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Continental AG purchased German automotive rubber and plastics company Phoenix AG in 2004, and the automotive electronics unit of Motorola in 2006.
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In 2008, Continental AG appeared overextended with its integration of VDO and had since lost almost half of its market capitalisation when it found itself to be the hostile takeover target of the family-owned Schaeffler AG.
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Continental AG was ranked third in global OEM automotive parts sales in 2012 according to a study sponsored by PricewaterhouseCoopers.
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On 6 September 2012, Continental AG returned to the benchmark DAX index of 30 selected German blue chip stocks after a 45-month absence.
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In November 2018, Continental AG purchased Kmart Tyre and Auto in Australia from Wesfarmers for A$350 million.
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In February 2021, Continental AG announced that it acquired a minority stake in Recogni, a German-U.
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When Continental AG decided to purchase ITT Industries' brake and chassis business for $1.
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Continental AG appeared to have overextended itself with the acquisition of Siemens' VDO automotive unit in 2007 for €11.
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Continental AG Tire entered the North American tire industry with its 1987 purchase of General Tire from GenCorp, forming Continental AG General Tire Corp.
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At the time, Continental AG was following other tire manufacturers, such as Bridgestone and Michelin, into the American tire market.
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Continental AG has a research and development arm in the tech-heavy Silicon Valley, where, among other things, the company focuses on developing technologies supporting autonomous driving vehicles.
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Continental AG was one of the companies bidding to work with GM to provide the battery pack for the Chevrolet Volt extended-range electric vehicle .
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Continental AG continues to look at developments and innovation in the field of Automotive electrical-energy storage systems.
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The Radio Frequency System, powered by a single standard coin cell, and an innovative vehicle-mounted RF transceiver, was developed together by Honda and Continental AG, and was debuted on the Acura MDX in 2013 and was quickly followed by the Acura TLX and Acura RLX in 2014.
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In 2015, Continental AG was honored with two PACE Awards for its Bare Die High-Density-Interconnect Printed Circuit Board Substrate Technology for Transmission Electronics and its Multi-application Unified Sensor Element .
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In 2018, Continental AG won a PACE Award for its Digital Micromirror Head-Up Display technology.
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In 2020, Continental AG won an inaugural PACEpilot award for its Virtual A-Pillar technology that helps to eliminate forward blind spots.
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Continental AG has acquired the American rubber company Veyance Technologies Inc based in Fairlawn, Ohio.
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