Powertrain_Body_Chasis&SafetyPowertrain, Body, Chassis & Safety

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Author: Ian Riches
Publication Date: May 19 2015
Pages: 6
Report Type: Insight, Word
Powertrain, Body, Chassis and Safety

Continental Acquires Elektrobit: Tier 1 Suppliers Face Battle to Remain Relevant in the Era of the Software-Defined Car



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Report Summary:

It was announced on the 19th May 2015 that Continental AG has bought Elektrobit Oyj's automotive division for 600 million euros ($677.5 million).  The purchase will add 1,900 software engineers to Continental’s development team and highlights the vital part that software is playing in the development of vehicle systems, especially in the areas of infotainment, HMI, advanced safety and autonomous driving.

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