Continental sells Australia’s mycar Tyre & Auto to Tuhu for AUD 403 million

Continental agreed to sell Australia’s mycar Tyre & Auto to China’s automotive services platform Tuhu. Deal implies an enterprise value of AUD 403 million, about EUR 250 million. Transaction includes more than 1,600 employees, about 280 locations. Continental plans to keep selling tires in Australia via its own distribution, with mycar continuing as a distribution partner. Continental bought mycar in 2018 to expand its Australian distribution footprint. Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Continental AG published the original content used to generate this news brief on September 23, 2026, and is solely responsible for the information contained therein. (C)