Latest news with #Aumovio
Time of India
9 hours ago
- Automotive
- Time of India
Continental's Aumovio to debut at IAA Mobility 2025 with next-gen automotive tech
Continental's automotive business is set to take centre stage at the IAA Mobility 2025 , to be held from September 9–12, 2025, in Munich under its newly launched brand Aumovio, marking a significant shift in its approach to software-defined and connected vehicles . Aumovio consolidates the company's expertise into a leaner and more agile technology-driven entity, the company's statement said. Philipp von Hirschheydt , CEO of Aumovio, said the IAA platform is ideal for introducing the brand's advanced portfolio. 'We've bundled our strengths to focus on key technologies. With our customers, we aim to shape the future of mobility more effectively.' The highlights of the event Among the headline technologies is the Green Electric Caliper , a hydraulic-free brake system designed for EVs that improves range, lowers costs and enhances sustainability. AUMOVIO will also display its corner module, integrating drive, brake, steering and suspension into a compact unit to support more flexible, software-led vehicle design. AUMOVIO will also present its Road-to-Cloud platform, offering a complete infrastructure to develop, operate and secure connected vehicles. With scalable server-zone architecture, standardised software and over-the-air update capabilities, it supports OEMs across vehicle categories.
Yahoo
30-06-2025
- Automotive
- Yahoo
Continental's automotive group creates semiconductor unit
This story was originally published on Manufacturing Dive. To receive daily news and insights, subscribe to our free daily Manufacturing Dive newsletter. Continental's automotive group has created a new segment to produce semiconductor circuits and support growing chip demand in vehicles, the auto parts manufacturer said Monday. The German company will design and verify semiconductors internally, and outsource manufacturing to New York-based GlobalFoundries as part of the effort, according to a news release. Continental's automotive group, recently dubbed Aumovio as part of a pending spinoff, said the fabless unit is a strategic step to bolster operations through savings and efficiencies as chip demand takes off. The global automotive semiconductor is on track to reach about 110 billion euros (or about $128 billion) by 2032, Continental group reported. This is driven, in part, by growing demand for electric vehicles that require more semiconductors than internal combustion engine vehicles, and advanced driver-assistance systems with features such as adaptive cruise control and blind-spot detection, according to the Research Insights, a market researcher based in India. As automakers become more reliant on chip technologies, Continental said investment in the sector is imperative to be successful in the long-run. 'The creation of this fabless semiconductor organization will strengthen Continental's position not only by reducing geopolitical risks but also by the way of becoming more self-reliant in this field,' Philipp von Hirschheydt, a member of Continental's executive board and CEO of the future Aumovio, said in a statement. As part of the advanced electronics and semiconductor solutions organization, Continental's automotive group selected GlobalFoundries as its manufacturing partner. The chipmaker has a manufacturing footprint that spans across the United States, Europe and Asia. The company generated first quarter revenue of $1.6 billion, a 2% increase over last year, as tariff and trade disputes began to pressure prices. Amid uncertainty, CEO Tim Breen said on a May earnings call that GlobalFoundries has been, and continues to be, bullish about growth in the automotive sector. The company recently transformed all of its fabs to meet 'automotive qualified' standards and feels confident about taking more market share in the future, Breen added. Continental's automotive group is the latest to team with GlobalFoundries for semiconductor manufacturing. In 2023, General Motors signed a long-term partnership agreement to secure a steady supply of chip components and electronics to its suppliers. Ford also signed a semiconductor deal with GlobalFoundries in 2021 amid a chip shortage that affected vehicle production. Continental's automotive group said it formed the semiconductor business as part of its strategy to invest in technology and increase self-sufficiency. The effort aims to establish a resilient supply chain, improve product quality and reduce time to market, according to a release. It also has the potential to enhance the company's cash flow and generate savings. In April, Continental AG announced plans to spin off and rebrand its automotive group as Aumovio, which is scheduled to begin operating as an independently listed company in September. It hopes to generate sales of more than 24 billion euros (or about $28 billion) with an adjusted margin range of 6% to 8%. In addition to vehicle electronics, Continental AG is a producer of tires, chassis, brake and powertrain systems, among other car parts and systems used throughout the automotive industry, according to its website. Recommended Reading GlobalFoundries commits $16B to expand New York, Vermont facilities Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Reuters
24-06-2025
- Automotive
- Reuters
Continental's Aumovio aims for higher sales in long term after IPO
BERLIN, June 24 (Reuters) - Continental's ( opens new tab automotive division, set to go public in September under the name Aumovio, hopes to boost sales by 22% in the long term as it sharpens its focus on technologies that add value to the carved-out company, it said on Tuesday. Continental said Aumovio is targeting a long-term increase in sales to over 24 billion euros ($28 billion) compared with 19.6 billion euros last year, and an adjusted EBIT margin in the range of 6-8%. "We have a clear strategy for increasing value and are well equipped to take on the market challenges that lie ahead," Aumovio CEO Philipp von Hirschheydt said, giving a strategy update at the group's capital markets day. On the auto business's exposure to U.S. President Donald Trump's tariffs, which have panicked German carmakers and their suppliers, von Hirschheydt told reporters 92% of its products are produced in the United States or Mexico, meaning they are exempt. "For many years, we have tried to produce very closely to where our buyers and customers are located," he added. ($1 = 0.8621 euros)
Yahoo
24-06-2025
- Automotive
- Yahoo
Continental's Aumovio aims for higher sales in long term after IPO
BERLIN (Reuters) -Continental's automotive division, set to go public in September under the name Aumovio, hopes to boost sales by 22% in the long term as it sharpens its focus on technologies that add value to the carved-out company, it said on Tuesday. Continental said Aumovio is targeting a long-term increase in sales to over 24 billion euros ($28 billion) compared with 19.6 billion euros last year, and an adjusted EBIT margin in the range of 6-8%. "We have a clear strategy for increasing value and are well equipped to take on the market challenges that lie ahead," Aumovio CEO Philipp von Hirschheydt said, giving a strategy update at the group's capital markets day. On the auto business's exposure to U.S. President Donald Trump's tariffs, which have panicked German carmakers and their suppliers, von Hirschheydt told reporters 92% of its products are produced in the United States or Mexico, meaning they are exempt. "For many years, we have tried to produce very closely to where our buyers and customers are located," he added. ($1 = 0.8621 euros)
Yahoo
24-06-2025
- Automotive
- Yahoo
Continental's Aumovio aims for higher sales in long term after IPO
BERLIN (Reuters) -Continental's automotive division, set to go public in September under the name Aumovio, hopes to boost sales by 22% in the long term as it sharpens its focus on technologies that add value to the carved-out company, it said on Tuesday. Continental said Aumovio is targeting a long-term increase in sales to over 24 billion euros ($28 billion) compared with 19.6 billion euros last year, and an adjusted EBIT margin in the range of 6-8%. "We have a clear strategy for increasing value and are well equipped to take on the market challenges that lie ahead," Aumovio CEO Philipp von Hirschheydt said, giving a strategy update at the group's capital markets day. On the auto business's exposure to U.S. President Donald Trump's tariffs, which have panicked German carmakers and their suppliers, von Hirschheydt told reporters 92% of its products are produced in the United States or Mexico, meaning they are exempt. "For many years, we have tried to produce very closely to where our buyers and customers are located," he added. ($1 = 0.8621 euros) Sign in to access your portfolio
