2020-09-24

Osram and Continental to Separate Joint Venture Business of Automotive Lighting System

Osram announced the plan to realign its partnership with Continental and return their joint venture business to the parent company. The information was released soon after Osram reported its transfer progress with ams, indicating that the company is speeding up transformation within the organization. Osram and Continental will negotiate on separating of the business in smart automotive lighting systems and returning it to the respective companies. The German companies noted that the decision was made in response to the gloomy market environment, which is being further impacted b...
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