Despite the financial crisis, Schaeffler Group is sticking to its timetable for the takeover of Continental.

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more

Discover B2B Marketing That Performs

Combine business intelligence and editorial excellence to reach engaged professionals across 36 leading media platforms.

Find out more


The takeover should receive approval from the EU anti-trust authorities this week, and a spokesman confirmed to German press finance with six large banks remains in place.


“We have binding financial commitments,” he said.


Schaeffler had offered EUR75 per share and only needed to buy 49% for the deal to go ahead. Because of a sharp fall in the Continental share price, to around EUR40, Schaeffler managed to acquire around 90% of the shares.


Last week it was reported that Continental was considering selling its tyre unit and Contitech division. The company was said to be considering whether such a move was possible given current market conditions.

Just Auto Excellence Awards - Nominations Closed

Nominations are now closed for the Just Auto Technology Excellence Awards. A big thanks to all the organisations that entered – your response has been outstanding, showcasing exceptional innovation, leadership, and impact.

Excellence in Action
Continental has secured the Window Displays Innovation Award in the 2025 Just Auto Excellence Awards for its Window Projection solution, transforming side windows into dynamic, data-rich canvases. Discover how this compact projection technology and intelligent software are reshaping in-car UX and opening fresh revenue streams for OEMs and mobility providers.

Discover the Impact