Continental Automotive Systems
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Continental Automotive Systems (CAS), founded in 1906 by Alfred Teves, a division of the German Continental AG, was a brake and electronics supplier to the automotive industry, supplying systems, components, electronics, lithium-ion batteries and engineering services for vehicle safety, comfort and powertrain performance. Its sales top €4.6 billion.[citation needed]
It comprises two units:
- Continental Temic — focus is on auto electronics while
- Continental Teves — a developer and manufacturer of hydraulic and electronic brakes and safety systems, and of stability and chassis control systems and electronic air suspension systems.
It supplies lithium-ion batteries for the GM E-Flex System of Chevrolet Volt, from A123Systems.
CAS's acquisition of the Automotive division of Motorola was completed in July 2006. Continental acquired Siemens VDO from Siemens AG in 2007.[1]
In 2019, Continental reorganized the powertrain division into a new entity Vitesco Technologies with intention to spin off,[2] expected to occur in September 2021.[3]
Production
[edit]CAS consists of 44 plants, research centers and test tracks in 15 countries including ten joint ventures in Asia.[citation needed]
Average daily production includes 45,000 electronic brake systems, 136,000 brake calipers, 163,000 wheel speed sensors, 27,000 airbag components and 72,000 body electronic modules.[citation needed] Continental Automotive Systems’ sales for the year 2004 were €5.0 billion.[citation needed]
References
[edit]- ^ "Continental to Acquire Siemens VDO Unit". spglobal.com. 26 July 2007. Retrieved 2024-12-27.
- ^ Cornell, Joe. "Continental AG Intends To Spin Off Vitesco Technologies, Shelves Plans for Partial IPO". Forbes. Retrieved 2021-05-20.
- ^ Schwartz, Jan. "Continental aims for Vitesco spin-off in Sept. 2021". www.nasdaq.com. Reuters. Retrieved 2021-05-20.