Continental re-emphasises partnership with ContiTread cold retreaders

Continental reports that it is “further enhancing its support services to strengthen its partnership with ContiTread cold retread shops”. This development is being led by John Cox, Global Head of Technical Services Retread and will centre on the enhancement of support services.

Read the source article at Tyrepress

Continental will turn to software takeovers after powertrain IPO, report says

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FRANKFURT — German supplier Continental is considering acquiring software makers after the flotation of its powertrain unit expected in the second half of 2019, CFO Wolfgang Schaefer told Boersen-Zeitung. “We are currently in a position to pay up to 5 billion euros ($5.69 billion) for one or more companies,” he was quoted as saying in the German newspaper’s Saturday edition. “We want to expand our expertise in software.

Read the source article at Front Page

German automakers jump on potential U.S.-China tariff truce

BMW shares rallied the most in more than three years after U.S. President Donald Trump said China had agreed to remove painful tariffs on imported U.S.-built cars shipped to the world’s biggest automotive market. Daimler and Volkswagen Group also rose sharply. BMW and Daimler, which export SUVs from U.S. plants to China, stand to be the biggest gainers from a potential reduction of tariffs. Six of the ten best-selling U.S. auto imports to China are made by the two German luxury automakers.

Read the source article at Automotive News Europe

Continental completes NVH footprint with Cooper Standard deal

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NOVI, Mich.—Certain opportunities are just too perfect to pass up.

Continental A.G.’s Vibration Control business, which produces anti-vibration parts like engine mounts for the automotive industry, has a strong global presence, with 10 manufacturing plants mostly concentrated in Europe. But it needed to enhance its presence in North America.

Cooper Standard Automotive Inc.’s Anti-Vibration Systems business makes similar parts, but its strength is in the U.S. and Canada, with one site in France and two in India through a joint venture.

Read the source article at Rubber and Plastics News

Continental realigns automotive aftermarket products

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LAS VEGAS—Continental is using its OE Technology Series Multi V-Belt as the centerpiece of a new initiative to align its North American automotive aftermarket products with the company’s global expertise.

Read the source article at Rubber and Plastics News

Conti takes full ownership of Sri Lankan tire maker Eu-Retec

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KALUTARA, Sri Lanka — Continental A.G. has acquired full ownership of Sri Lankan solid tire maker Eu-Retec (Pvt) Ltd., buying the 49-percent stake it didn’t own from the company’s managing director.

Read the source article at Tire Business

Conti opens €30m hose plant in China

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Qingdao, China – ContiTech AG has relocated its hose production plant in Qingdao to a new facility in Qingdao Sin-German Ecopark, on the east coast of Shandong province..

The RMB240-million (€30 million) plant covers an area of 84,000 sqm and manufactures “high-quality” hose products and mobile fluid system solutions for the Chinese automotive industry, the company announced 18 Oct.

Read the source article at European Rubber Journal

Conti starts production of ‘high-tech’ summer tire

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Hanover, Germany – Continental AG has started volume production of new ‘high-tech’ summer tires for the replacement market, the company announced 15 Oct.

The EcoContact 6 tires use the company’s ‘GreenChili’ compound: said to deliver 20% higher mileage and 15% lower rolling resistance compared to its predecessor model.

By March 2019, the company expects 112 items for 13- to 22-inch rims to be available. The tires are approved for speeds up to 300 km/h, corresponding to the speed index…

Read the source article at European Rubber Journal

David Herro Comments on Continental

Continental (XTER:CON)’s stock price has fallen due to industry-wide concerns about auto production volumes and tariffs, but we believe the company has superior end-market exposures and a lower risk profile than many of its peers. Continental’s tire business accounts for about 45% of the company’s earnings, and we find that it generates solid margins and returns relative to industry peers. Replacement tires account for a large portion of segment earnings and …

Read the source article at Value Investing

Continental CEO to Continue Tenure

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The Supervisory Board of Continental AG, Hanover, extended the tenure of CEO Dr. Elmar Degenhart by another five years to Aug. 11, 2024.

“Since August 2009, under the leadership of Elmar Degenhart as CEO together with the Continental team, the company has achieved top performance industry-wide.

Read the source article at Tire Review