German auto supplier Continental announced on July 4 a 4-billion-euro ($4.6-billion) deal to sell a division to a U.S. investment group, the latest move in a major restructuring.

Continental trennt sich von ContiTech und verkauft die Industriesparte für vier Milliarden Euro an Lone Star. Ziel des Dax-Konzerns ist unter anderem Schuldenabbau.

FRANKFURT, July 4 — German auto supplier Continental announced today a €4-billion (RM18.7-billion) deal to sell a division to a US investment group, the latest move in a major...