Continental, Osram Plan Vehicle Lighting Joint Venture - Energy Watch News


Continental, Osram Plan Vehicle Lighting Joint Venture

Osram wants to submit parts of its automotive lighting business to the joint venture while Continental will bring in electronic control systems, the weekly magazine said in an advance release to be published in its Friday edition. The joint venture will start early next year, employ about 1,500 workers and have both companies submit operations worth between 200 million euros ($228.32 million) and 300 million euros of sales each to the new business, the magazine said. https://www.reuters.com/article/us-continental-osram-idUSKBN19X2EI

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