Continental Automotive Systems (CAS), founded in 1906 by Alfred Teves, a division of Continental AG, is a leading brake and electronics supplier to the automotive industry, delivering systems, components, electronics, lithium-ion batteries and engineering services for vehicle safety, comfort and powertrain performance. Its sales top €4.6 billion.
It comprises 2 units, Continental Teves and Continental Temic. Continental Temic’s focus is on auto electronics while Continental Teves is known as a developer and manufacturer of hydraulic and electronic brakes and safety systems; stability and chassis control systems and electronic air suspension systems.
CAS consists of 44 plants, research centers and test tracks in 15 countries including ten joint ventures in Asia. Average daily production includes 45,000 electronic brake systems, 136,000 brake calipers, 163,000 wheel speed sensors, 27,000 airbag components and 72,000 body electronic modules. Continental Automotive Systems’ sales for the year 2004 were €5.0 billion. CAS' acquisition of the Automotive division of Motorola was completed in July 2006. Continental recently acquired Siemens VDO from Siemens AG.
It is going to provide lithium ion batteries to the GM E-Flex System of Chevrolet Volt, from A123Systems. A123 in partnershìp with Cobasys is also contracted to develop batteries for the Saturn Vue PHEV.
Famous quotes containing the word systems:
“What avails it that you are a Christian, if you are not purer than the heathen, if you deny yourself no more, if you are not more religious? I know of many systems of religion esteemed heathenish whose precepts fill the reader with shame, and provoke him to new endeavors, though it be to the performance of rites merely.”
—Henry David Thoreau (1817–1862)