The former light bulb giant Osram and the world's second largest automotive supplier Continental are going their separate ways. Their joint company is likely to be dissolved and the employees should be able to return to their respective parent companies. That is at least "the declared intention".
The automotive suppliers Continental and Osram have to end their cooperation in lighting technology due to the corona and industry crisis.The joint venture with headquarters in Munich, which was founded in 2018 and specializes in LED headlights, is to be dissolved, both companies announced.The separation had already become apparent in the summer.Concrete talks would now be held to dissolve the joint venture, explained Conti.They should be completed by the end of the year.Continental and Osram have so far each held half.