Continental divesting brake production site
The Continental Automotive group sector, which from September 2025 will become an independent company known as Aumovio, has signed an agreement to sell its drum brake production and R&D location in Cairo Montenotte, Italy to Mutares SE & Co. KGaA. It expects the transaction to close in the fourth quarter of this year, at which time Mutares will take over all employees and business activities.