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Megadeals
Subsidy Tracker Parent Company Summary
Parent Company Name: Continental AG
Ownership Structure: publicly traded
Headquartered in: Germany
Major Industry: automotive parts
Specific Industry: automotive parts-tires
| Subsidy Summary | Subsidy Value | Number of Awards |
| State/Local | $1,244,875,478 | 83 |
| Federal (grants and allocated tax credits) | $0 | 0 |
| TOTAL | $1,244,875,478 | 83 |
| Loan / Bailout Summary | Total Face Value | Number of Awards |
| State/Local loans, bond financing and venture capital | $5,000,000 | 3 |
| Federal loans, loan guarantees and bailout assistance (not including repayments) | $0 | 0 |
| TOTAL | $5,000,000 | 3 |
Time Period for State and Local Awards: Earliest year of data: 2000. Availability of data for earlier years varies greatly from program to program. The majority of the listings for this parent company are for the period since 2013.
Time Period for Federal Awards: FY2000 to the present
Notes: Dollar totals do not include awards for which no subsidy value is disclosed.
Links: For a summary of this company's regulatory violations see its Violation Tracker summary page
here.
| Top 5 States for state/local awards | Total Subsidy $ | Number of Awards |
| Mississippi | $860,851,000 | 6 |
| South Carolina | $285,068,914 | 3 |
| Michigan | $47,422,285 | 5 |
| Virginia | $20,425,648 | 23 |
| North Carolina | $15,934,094 | 13 |
| All other | $15,173,537 | 33 |
Individual Subsidy Records:
Click on the company name for more information on each subsidy award.
| Company | Location | Subsidy Source  | Year | Subsidy Value | Loan/Bailout Value | Type of Subsidy |
| Continental Automotive Systems, Inc. | Virginia | state | 2017 | $550,000 | | Grant |
| Contitech Usa, Inc. | Iowa | state | 2016 | $131,508 | | Training Reimbursement |
| Contitech Usa, Inc. | Iowa | state | 2016 | $205,692 | | Training Reimbursement |
| Veyance Technologies, Inc. | Nebraska | state | 2022 | $11,708 | | Tax Rebate |
| Continental Tire the Americas | South Carolina | multiple | 2011 | $250,000,000 | | MEGADEAL  |
| Continental Tire the Americas, LLC | Mississippi | multiple | 2016 | $595,500,000 | | MEGADEAL |
| CONTINENTAL TEVES INC. | Michigan | local | 2000 | undisclosed | | Property Tax Abatement |
| Continental Tire | Tennessee | local | 2014 | $90,826 | | Property Tax Abatement |
| Continental Tire | Tennessee | local | 2014 | $70,499 | | Property Tax Abatement |
| Continental Tire The Americas, LLC | Tennessee | local | 2016 | undisclosed | | Property Tax Abatement |
| Continental Tire The Americas, LLC | Tennessee | local | 2016 | undisclosed | | Property Tax Abatement |
