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...Mr von Grünberg also ended up acquiring Teves as part of his strategy of turning Conti into a leading car components group to rival Bosch....
...Once at Continental, Mr von Grünberg decided to buy Teves as part of his drive to turn Continental into a leading car parts group....
...In particular, Continental had acquired Teves, a braking systems business, and Temic, an auto electronics business, expanding its activities beyond tyres. But the company faced enormous challenges....
...Leading carmakers such as Toyota and big components groups - such as Robert Bosch and Continental Teves in Germany, Delphi, Visteon and TRW in the US and Denso in Japan - have been leading a wave of development...
International Edition