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Hella, which traces its roots to a manufacturer of lanterns and horns for bicycles and carriages founded in 1899, declined to touch upon the report by Manager Magazin.
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Continental declined to touch upon the report and stated it did not presently have designs to alter the corporate’s structure.
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Continental has taken a series of ways to restructure and Enhance profitability and shareholder benefit in recent times, like spinning off its powertrain division Vitesco last September.
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