The deadline for initial bids for the business, formerly known as MAN Energy Solutions, reportedly expired last week. The unit manufactures shipping engines and heat pumps and is being positioned for a majority sale, with Volkswagen expected to retain a significant minority stake. The auction has also attracted interest from CD&R and industrial carve-out specialist KPS, while certain corporate buyers have explored bids. Representatives for Volkswagen and the private equity firms declined to comment. The proposed transaction comes as Volkswagen accelerates efforts to reshape its portfolio amid weaker automotive demand and rising competitive pressure from Chinese manufacturers. The carmaker reported '6bn in net cash flow from its automotive division in 2025, materially ahead of expectations as cost reduction measures begin to take effect. Continental has maintained its intention to divest ContiTech this year despite the overlap and a recent profit warning at the unit. ContiTech...
learn more
