Siemens VDO

Company to vigorously implement prepared integration plan

12/05/2007 -- Hanover/Regensburg, December 5, 2007. Harnessing the force of two high-performance and innovative companies in the top tier of the global automotive supplier industry, Hanover-based Continental AG heads into a new era after closing the deal for acquisition of Siemens VDO Automotive AG. “We warmly welcome the employees from the former Siemens VDO Automotive AG. By consolidating forces, we will forge our Continental into one of the world’s foremost automotive suppliers,” said Continental Executive Board chairman Manfred Wennemer on Wednesday in Regensburg.

- Closing of transaction expected for beginning of December 2007
- Wennemer: Biggest step in corporate history
- Company has prepared integration to commence immediately after the closing

Hanover, November 29, 2007 -- Continental AG has received the EU Commission’s approval for the acquisition of Siemens VDO Automotive AG without conditions. Antitrust authority approval had already been issued by the national offices responsible. This enables Conti­nental to close the transaction in the beginning of December and transfer the purchase amount, €11.4 billion including tax benefits of around €1 billion, to Siemens AG. The integra­tion of Siemens VDO into the Continental Corporation will begin immediately after closing.

Frankfurt, October 15, 2007 -- Siemens VDO is expanding its aftermarket range through the addition of the SIDIS MB diagnosis system. The system can examine more than 15,000 control units from well-known automotive manufacturers in more than 800 vehicle types to detect errors.

Without electronics, vehicles would be nowhere near as safe, fuel-efficient, and environmentally friendly as they are today. Regular service and maintenance ensure that they also remain this way. The electronics in the vehicle do, however, pose severe challenges to the staff and equipment at workshops and customer service centers. State-of-the-art diagnosis systems are an indispensable aid to day-to-day work in this field.

Regensburg/Germany, October 16, 2007 -- VDO Dayton will launch an aftermarket commercial vehicle navigation system enabling truck, bus and van drivers to take a route that is suitable for their vehicle. When determining the route, the new PC 5200 TSN takes into account not only vehiclespecific attributes such as height and weight but also the special driving characteristics of large trucks. Initially, the system will be available as an embedded system. By the end of this year, VDO Dayton will launch a portable truck navigation system in the aftermarket as well.

AUBURN HILLS, Mich., Oct. 11 /PRNewswire - FirstCall/ -- Siemens VDO has been nominated to Ford Motor Co.'s coveted Aligned Business Framework (ABF) family of suppliers. The company is one of 59 strategic supplier partners in Ford's ABF supply chain.

"In the challenging global automotive business environment, strong partnerships are needed to be successful," said Siemens VDO Vice President and Key Account Executive Julian Dench, who is responsible for global product sales to Ford. "Two recent ways Ford rewarded Siemens VDO for committing to building a stronger, more successful partnership was nominating us to the ABF family of suppliers."