Continental AG is holding exploratory talks with advisers on possible changes to its structure, a move people familiar with the matter said could amount to a major overhaul and potential breakup of the German auto-parts supplier.
The company is in the “early stages” of analyzing its organization with the aim of becoming more flexible, according to a statement on Tuesday. While the review is “wide open” and no decisions have been made, Chief Financial Officer Wolfgang Schaefer said in a subsequent telephone interview that the firm may provide an update within six months.
