Continental to Expand Structural Program and Save More than One Billion Euros Per Year

Hanover, September 1, 2020. Continental is expanding the Transformation 2019–2029 structural program it initiated in 2019 with additional measures to cut costs and increase efficiency. … As announced today in Hanover, the goal is to achieve gross annual savings now totaling more than €1 billion from 2023 onwards. The Hanover-based company is thus further increasing its previous savings target, which it has already announced on several occasions, by slightly more than €500 million. 

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Continental Releases Long Haul Steer Tire Optimized for Removal Mileage and Fuel Efficiency

FORT MILL, S.C. August 20, 2020. Continental, one of the largest automotive technology suppliers and tire manufacturers in the world, has released the Conti EcoPlus HS3+, an ideal steer/all-position product in the long haul or line haul application, where vehicles travel 100,000 miles or more per year primarily on the highway. In field tests, it delivers 27 percent better mileage than its predecessor, Conti EcoPlus HS3.

The tire is optimized for maximum mileage performance, lowest overall fuel consumption, and durability for retreading – the key aspects for Lowest Overall Driving Cost in this segment. It features a technologically advanced cap compound to provide improved cut and tear resistance for increased mileage, balanced with excellent rolling resistance for fuel efficiency. The Conti 3G casing provides excellent heat dispersion for increased retreadability. The tire is also designed to provide a comfortable ride, as drivers may spend many hours per day in their vehicles. The Conti EcoPlus HS3+ is SmartWay verified, CARB compliant, and is covered by a seven year, three retread warranty.

Steer tires are especially important on a commercial vehicle, since they run in a single rather than a dual configuration. Steer tires are free rolling and pivot to control vehicle direction, meaning they need to be specially designed to prevent irregular wear. The Conti EcoPlus HS3+ features a tread profile that reduces sensitivity to road surface, fleet, and vehicle variations allowing for improved performance throughout tire life. Its footprint shape delivers significant wear improvements for increased removal miles. It also has a 10 percent improvement in de-coupler durability, a key feature for maximizing tire life.

The Conti EcoPlus HS3+ has a 19/32” tread depth and is currently available in the following sizes: 11R22.5 Load Range G and H, 295/75R22.5 Load Range G and H, 11R24.5 Load Range H, and 285/75R24.5 Load Range H.

With the Conti 3G casing, Continental’s wide, standardized casing construction allows for retreads up to 245 millimeters in width. The casing is ideal for multiple retread use in both long haul drive and/or long haul trailer applications. Continental offers a wide portfolio of drive and trailer retread patterns, including SmartWay verified and CARB compliant options.

The Conti EcoPlus HS3+ is also available as an intelligent tire pre-equipped with TPMS sensors, upon customer request. Maintaining proper tire inflation on a steer tire is critical, allowing fleets to extend the tread life, as well as maintain casing integrity for future retreading to the drive and trailer positions. Proper tire pressure also improves safety and handling, and helps prevent steer tire blowouts. Continental offers a full portfolio of digital tire monitoring systems to meet different fleet needs. Components of all systems can be combined to take advantage of different functionalities.

Tire monitoring solutions include the ContiPressureCheck® on-vehicle TPMS and ContiConnect Yard® digital tire monitoring system with web portal, which was named a Top 20 Product by HDT magazine.

Continental develops pioneering technologies to make commercial fleets safer, more efficient, and more connected. With innovative tire technology and digital fleet solutions, Continental optimizes tire lifecycle management to deliver the Lowest Overall Driving Cost to fleets and become the preferred partner to our independent tire dealers. Continental is currently one of the five largest brands in medium/heavy truck tires in the U.S. by market share.

Introducing First Brands Group, Formerly TRICO Group

The renowned and established automotive replacement parts manufacturer, TRICO Group, has announced its new name: First Brands Group, along with the addition of two new brands to its growing portfolio. It is fitting that as the organisation adopts its new identity, which reflects its position as a multi-brand global player, the First Brands Group is […]

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Continental Partners With Coxreels On Industrial Hose Management Solution

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Continental, has partnered with Tempe, Arizona-based CoxReels to provide premium air and water hose to its customers with a first-class industrial hose management solution in one package.

Collaborating with Continental, CoxReels developed a custom-built hose reel assembly, called the CoxReels P Series, specifically for Continental’s premium rubber and hybrid air and water hose.

Read the source article at Aftermarket News

Auto supplier Magna’s sales beat as virus-hit vehicle production rebounds – Reuters

(Reuters) – Auto parts maker Magna International Inc (MG.TO) on Friday reported better-than-expected quarterly revenue and forecast full-year sales above estimates, as vehicle production in North America showed signs of a recovery from the COVID-19 pandemic. The company said it lost about $5.5 billion in sales during the second quarter, as its customers shut production amid government-enforced lockdowns.

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NIADA chief Steve Jordan resigns

Steve Jordan, who had been CEO since 2013, is leaving to “pursue another career opportunity in the automotive industry,” the association said Friday. Shaun Petersen, senior vice president of legal and government affairs, has been selected as interim executive vice president by the NIADA board of directors. Petersen will handle day-to-day operations, effective immediately. Jordan will remain with NIADA in an “advisory capacity” during a 30-day transition, the association said.

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Continental swings to $980 million loss in Q2

Continental reported a second-quarter operating loss of 829 million euros ($980 million) as global vehicle production fell by 45 percent. The supplier said it could not give a detailed 2020 guidance because of the ongoing impact of the coronavirus pandemic.

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Continental puts its own supercomputer for vehicle AI system training, powered by NVIDIA DGX, into operation

Frankfurt am Main, Germany, July 28, 2020 The automotive industry is changing and development cycles are becoming shorter. In order to develop innovative technologies even more efficiently and quickly, Continental has invested in setting up its own supercomputer for Artificial Intelligence (AI), powered by NVIDIA InfiniBand-connected DGX systems. It has been operating from a datacenter in Frankfurt am Main, Germany, since the beginning of 2020 and is offering computing power as well as storage to developers in locations worldwide. AI enhances advanced driver assistance systems, makes mobility smarter and safer and accelerates the development of systems for autonomous driving.

“The supercomputer is an investment in our future,” says Christian Schumacher, head of Program Management Systems in Continental’s Advanced Driver Assistance Systems business unit. “The state-of-the-art system reduces the time to train neural networks, as it allows for at least 14 times more experiments to be run at the same time.”

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Elastomers for Sustainability Top 10

The top entries for the inaugural staging of ERJ’s new Elastomers for Sustainability initiative has now been decided by our judging panel led by leading experts in the field of polymer science & technology.

E4S is an industry-first sustainability initiative, designed to highlight significant advances for end-user sectors including automotive, tires, automotive components, construction, consumer, industrial and medical.

Read the source article at European Rubber Journal

Michelin is demonstrating resilience through an unprecedented crisis

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124,000 125,400 1 Free cash flow: net cash from operating activities less net cash used in investing activities, adjusted for net cash flows relating to other financial assets, before distributions. 2 At period-end. Covid-19: impact of the health crisis on the Group’s financial position at June 30, 2020 Review of the information released by the Group during the first six months of the year On February 10, 2020, the Group issued its guidance for 2020 excluding any impacts from a systemic crisis caused by Covid-19. On March 18, 2020 at 6:10 pm CET, the Michelin Group …

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