Nikolai Setzer will head the independent company after the spin-off of Continental Automotive

Continental has unveiled a concrete plan to spin off its Automotive division. According to information discussed at a meeting on Wednesday, the plan involves completing the spin-off of Automotive as a Societas Europaea company listed on the Frankfurt Stock Exchange by the end of 2025.

The independent company will operate under a new brand, which Continental will launch by the end of April 2025, under the leadership of Philipp von Hirschheydt.