PRESS STATEMENT “We will not accept a spin-off from the group at the expense of Powertrain employees”

Christiane Benner: “It is the Executive Board’s responsibility to examine all options. The employee representatives on the Supervisory Board will make their approval of a spin-off—whether a partial IPO or a spin-off—contingent on its specific structure. The impact on employees must be given equal consideration. This requires, in particular, job security, but also a binding action plan to boost innovation capacity. Management must capitalize on the opportunities presented by electrification and train the workforce in the new technologies. We advocate for technological openness. We will not accept a spin-off from the corporate group at the expense of Powertrain employees. For us, the jointly agreed-upon principles of the key points paper “Continental in Motion: One Conti – One Workforce” remain in effect.

Further information and press photos by Christiane Benner