The largest industrial company in Hanover is Continental AG with a turnover of 44.5 billion euros (2019). Continental AG is also part of our list of the largest industrial companies in Germany. The company is active worldwide at more than 540 locations in over 60 countries and employs approximately 241,000 people. Tire manufacturing has been the core of the company’s business model since its foundation in the 19th century. It is assigned to the “Rubber Technologies” division. In addition to tires for a wide variety of vehicles, rubber solutions for industry (ContiTech business unit) are also manufactured here. As a second pillar, Continental has established the “Automotive Technologies” division in recent years. Here, solutions for autonomous and networked driving are developed. This article is based on the unique List of the 1000 largest industrial companies in Germany.
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Number 1 or number 2 automotive supplier worldwide?
From modest beginnings as the “Neue Hannoversche Gummi-Warenfabrik”, a global corporation has developed over the course of some 150 years. Continental has long been in dispute with Stuttgart-based Robert Bosch GmbH over its position as the world’s largest automotive supplier. With a share of 46 percent, the Schaeffler Holding of the Schaeffler family of entrepreneurs has had a significant influence at Continental since 2009. The remaining shares are in free float. The investment solution was found after an attempt at a hostile takeover by Schaeffler had failed. Schaeffler AG, also a major automotive supplier, is a sister company of Continental.Source: Listenchampion Picture source: Unsplash