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Continental hires JP Morgan for possible structural overhaul, report says

Continental hired JP Morgan to advise on a possible reorganization that could see a breakup of the company's business units as it repositions for a market focused on EVs and AVs, Reuters reported.

UPDATED: 1/16/18 7:02 a.m. ET - corrected

Continental eyes reorganization

Continental said it is in "early stages" of talks about a structural overhaul, following moves by Delphi and Autoliv to split their operations in two.

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Billionaire Schaefflers hold the keys to Conti's fortunes

Breaking up Continental is an old idea, but even as suppliers such as Delphi and Autoliv announced they were dividing last year, the German giant didn't budge. With Conti now talking of a major overhaul, all eyes are the billionaire Schaeffler family, which controls almost half of the supplier's stock.