Jeff Lux will be responsible for powertrain development globally on an interim basis while Michael Bly, recruited from American Axle, will take over FCA’s engine and electrification portfolio for North America.
Continental delays powertrain IPO to 2020 as profits drop 17%
Continental will push back the spinoff of its powertrain division until next year after the supplier reported a 17 percent drop in first-quarter operating profit, hit by a downturn in car demand and higher investments.