Emerging reports from the German press suggest that Bernd Pischetsrieder is being considered as a top candidate to lead automotive supplier Continental. The veteran automotive industrialist was chairman of BMW for most of the 1990s and then of the Volkswagen group until three years ago, but continued until two years ago as chairman of VW's truck subsidiary Scania AB. Pischetsrieder is remembered for directing BMW's ill-fated acquisition of the Rover group, but was conversely credited with the creation of the Bugatti Veyron during his tenure in Wolfsburg. He was recently touted as a possible candidate to lead Opel
out from under GM's leaky umbrella.
One of the five largest automotive suppliers in the world, Continental makes everything from tires to fuel injection systems from its headquarters in Hanover, Germany. Having started in the rubber business, Conti also trails Bridgestone, Michelin and Goodyear as the world's 4th largest tire manufacturer.
[Source: Der Spiegel
and Auto Motor und Sport
| Image: Andreas Rentz/Getty]