On May 13th 2011, ThyssenKrupp AG decided on an integrated strategic development program to move the Group forward competitively and sustainably. It encompasses portfolio optimization, change management and performance enhancement.

In connection with the portfolio optimization, the Group will be divesting businesses for which there are stronger alternative strategic options For Automotive Systems Industrial do Brasil, ThyssenKrupp has now found a optimal owner in Cosma International, an operating unit of Magna International Inc. The closing took place on December 6th 2011.