“The Kuwait Investment Authority announced that recent news regarding talks with German auto parts supplier Continental AG was incorrect and baseless,” KIA said in a statement cited by Reuters.
German business weekly WirtschaftsWoche had said on Saturday the parts maker was in talks with KIA over possible investment.
The report boosted Continental shares on Monday but they fell on Tuesday.
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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 Awardin 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.
