Continental bets on automated-driving growth in unit overhaul

A logo near an employee parking lot at the Continental AG headquarters in Hanover, Germany. Continental’s board approved plans to move the driver-assistance business into a special ‘Autonomous Mobility’ unit at the start of next year, the company said. — Bloomberg

Continental AG will create a dedicated unit for its self-driving technology as the German automotive supplier hopes to benefit from rising sales for electric cars filled with electronic gadgetry.

Continental’s board approved plans to move the driver-assistance business into a special “Autonomous Mobility” unit at the start of next year, the company said Tuesday. It’s also pushing ahead with the spinoff of its Vitesco powertrain division in the second half of 2021.