On Wednesday, the German publication *Wirtschaftswoche* reported, citing an anonymous source, that Continental and OSRAM are considering the formation of a joint venture aimed at developing and manufacturing automotive lighting solutions. This news was originally scheduled for release on Friday but has been shared ahead of schedule.
According to the report, OSRAM is looking to shift portions of its automotive lighting operations into this new entity, while Continental plans to contribute its expertise in electronic control systems. The joint venture is anticipated to commence operations early next year and aims to hire around 1,500 employees. Both companies are reportedly prepared to invest between 200 and 300 million euros each into the venture.
While both parties have confirmed they are in talks regarding the establishment of such a joint venture, no formal agreements or commercial collaboration terms have been finalized as of yet.
As I write this, I can't help but feel curious about how this potential partnership could reshape the automotive lighting industry. If successful, it could lead to innovative advancements in vehicle illumination technologies. Stay tuned for further updates!
[Image: A stock photo representing automotive innovation]
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