Continental, a German multinational automotive parts manufacturing company, completed the €2.4bn spin-off of Vitesco Technologies, an international developer and manufacturer of state-of-the-art powertrain technologies. "We are extremely delighted and proud to achieve this milestone today. My congratulations go to the entire Vitesco Technologies team on this significant step and my sincere thanks for their excellent work over the past few years. Now we have the necessary entrepreneurial flexibility to position ourselves even better in the market and continue with our clear focus on electrification," Andreas Wolf, Vitesco Technologies CEO.