AUMOVIO Spinoff Gets AUMOVING- Continental Completes Spinoff Of AUMOVIO
As we discussed previously, Continental AG(CTTAY) completed its spinoff of AUMOVIO and shares began trading in Frankfurt today. AUMOVIO is an automotive behemoth with nearly 20 Billion Euro in annual sales. The company has no debt and 1.5 Billion Euro in cash. AUMOVIO hopes to increase its adjusted EBIT margin from 2.7% in the first half of 2025… Read More »