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Continental looks at options for combustion engine business: source

Reuters  |  HAMBURG 

(Reuters) - AG is still looking at its corporate structure as part of a review launched more than a year ago, a source close to the matter said on Tuesday after a media report on a possible breakup of the pushed its to a record high.

A possible separation of Continental's business related to combustion engines also remains on the agenda as the industry shifts its focus towards electronic vehicles, the person said.

earlier reported AG was in exploratory talks with advisers on a major overhaul or even a breakup of its business, citing people familiar with the matter.

in jumped as much as 7.9 percent to a record high of 257.40 euros following the report.

declined to comment.

The group has been considering various options for its business since 2016 and last year decided to keep its powertrain division after an internal review.

Rivals such as and have spun off divisions to simplify their corporate structures and react to the changes in technology.

(Reporting by Jan Schwartz; Writing by and Editing by and Jane Merriman)

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Tue, January 09 2018. 19:03 IST