Continental Weighs Car Parts Spinoff in Major Revamp (3)

Continental AG may separate its struggling car parts business from the more successful tires operations in what would be the biggest restructuring in the German company’s 152-year history.

The move may include a spinoff and full listing, with a decision expected by the end of the year. The unit makes products including brakes and automated driving systems and accounts for roughly half of group sales. Continental would keep its profitable tires and ContiTech businesses.

Parts suppliers are under pressure as automakers temper production after demand for electric vehicles has slowed. Continental had been reviewing possible divestments and partnerships at its ...