BERLIN, Jan 9 (Reuters) - German auto parts and tyre maker Continental said on Tuesday it was in "early stages" of talks about a structural overhaul to become more nimble amid the car industry's transition to electric and self-driving vehicles, confirming media reports.
A source told Reuters on Tuesday that Continental was continuing to ponder all options for its future corporate structure and kept reviewing its combustion-engine business. "As of today it is wide open, if and which changes could result from these early evaluations," Rolf Woller, head of investor relations said in a written statement after trading hours. "To date there are no plans which could be submitted for approval."
Bloomberg News had reported earlier in the day that the firm was in exploratory talks with advisers on a strategic revamp which could result in creating a holding company and listing its more profitable divisions or combining some operations with rivals.
(Reporting by Andreas Cremer; Editing by Tom Sims)
Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.