Continental to acquire a minority stake in Kopernikus Automotive.

Continental, a global auto supplier and tiremaker, agreed to acquire a minority stake in Kopernikus Automotive, a developer of autonomous driving technology. Financial terms were not disclosed. "Kopernikus and Continental are working together to develop a safe, comfortable and affordable solution. At Continental, we are working on both solutions, an autonomous parking procedure based on vehicle sensor data and a solution based on intelligent infrastructure – similar to intelligent intersections. For us, the stake in Kopernikus is the logical next step in moving forward with both topics, while at the same time offering a timely and marketable solution,” Ralph Lauxmann, Continental Head of Strategy and Future Solutions.