At its meeting yesterday, the Supervisory Board of Continental AG was informed of the Executive Board’s plans to phase out business activities at the Gifhorn plant by the end of 2027 and took note of and concurred with the initial measures to be taken at the plant with immediate effect. These include relocating the assembly of the latest generation of air supply systems in 2024 and relocating the replacement part business – primarily for air springs and compressors – from 2024 onward.