Observed Signal · Sep 24, 2026 · Market Signal · Source: Continental · Impact: 4/5
Continental Sells mycar Tyre & Auto to Tuhu
Continental has announced the sale of its subsidiary mycar Tyre & Auto, one of the largest tyre, automotive service and repair chains in Australia, to Tuhu, a leading Chinese automotive service platform. The transaction is based on an enterprise value of 403 million Australian dollars (approx. 250 million euros).
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Recent verified developments and strategic activity across this market segment.
Continental Expands Portfolio of Large and High-Performance Tires
Continental has significantly expanded its global portfolio of ultra-high-performance (UHP) tires – tires measuring 18 inches and above – over the past five years and plans to strengthen this segment further in the future. By the end of 2027, the company will add more than 650 new tire sizes across all tire lines, for both original equipment on new cars and the replacement market.
Porsche to Sell MHP to Tata Consultancy Services
Porsche has signed an agreement to sell its management and IT consultancy MHP to Tata Consultancy Services (TCS). The transaction, reported by Reuters with an enterprise value of €320 million, is subject to regulatory approval and is expected to close within months. In parallel, Porsche and TCS agreed a five-year collaboration reportedly worth around €1.25 billion to accelerate AI, software and data solutions for Porsche. MHP will continue operating under its established brand and maintain operational independence while gaining access to TCS’s global delivery and technology capabilities.
Continental Expands Portfolio of Large and High-Performance Tires
Continental has significantly expanded its global portfolio of ultra-high-performance (UHP) tires – tires measuring 18 inches and above – over the past five years and plans to strengthen this segment further in the future. By the end of 2027, the company will add more than 650 new tire sizes across all tire lines, for both original equipment on new cars and the replacement market.
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