Continental Said to Mull Auto Divestments to Shore Up Profit (1)

Continental AG, one of Europe’s top car-parts makers, is studying the sale of automotive assets including its autonomous mobility business as it comes under growing pressure to shore up its profitability, people familiar with the matter said.

Executives and supervisory board members have been evaluating dozens of units within Continental’s automotive division, the people said. The company could reveal plans to cut some of the most unprofitable ones at its Dec. 4 capital markets day, according to the people.

Shares in Continental rose as much as 2.7% in early trading on Wednesday. The stock was up 2.2% at ...