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March 11, 2013

Continental sets fiscal records; sales up 7.3%

Continental AG, the German parent company of Continental Tire the Americas LLC, reported net income of more than 1.8 billion euros on net sales of 32.7 billion euros for its fiscal year ended Dec. 31, 2012. Both are records.

Tags: Continental financials, Dr. Elmar Degenhart

August 7, 2012

Continental increases 2012 sales target

In the second quarter of 2012, Continental Corp. says it nearly matched the level of the strong first quarter and sees itself on track for another record year.

Tags: Continental financials, Dr. Elmar Degenhart, Wolfgang Schäfer

April 30, 2012

Preview: Continental posts $11 billion in 1Q sales

The final results won't be published until Thursday, May 3. But Continental AG previewed its first-quarter financial results for 2012.

Tags: Continental financials, Elmar Degenhart

“We spent 1.6 billion euros on our innovation centers (in 2011), again roughly 10% more than
March 1, 2012

In its 140th year, Continental sets fiscal records

Continental AG posted net income of more than 1.2 billion euros on net sales of 30.5 billion euros for its fiscal year ended Dec. 31, 2011. Both are records.

Tags: Continental financials, Elmar Degenhart

December 14, 2011

Continental supports safe teen driving program

For the second straight year, Continental Tire the Americas LLC is sponsoring the “Alive at 25” safe driving course. The company’s co-sponsor, the South Carolina National Safety Council (SCNSC), has matched Continental Tire's $25,000 scholarship.

Tags: Alive At 25, Bill Caldwell, Continental financials, South Carolina National Safety Council

November 23, 2011

Marangoni ends Americas ContiTread production

In a joint statement issued by Continental Tire the Americas LLC and Marangoni Tread N.A. Inc., Continental AG and Marangoni S.p.A. have ended their current agreement as it relates to the use of the ContiTread mark in the Americas.

Tags: Continental financials, ContiTread, Marangoni Tread N.A., Retread Tires

The first tires from the $224 million expansion at the Mount Vernon plant were produced in October.
October 27, 2011

Plant expansion is ahead of schedule, says Conti

The expansion project at the Continental tire plant in Mount Vernon, Ill., is ahead of schedule. Announced in May, the $224 million expansion will be completed in three years.

Tags: awards, Benny Harmse, Continental financials, Mount Vernon, Plant capacity

New Conti plant will be 10 years in the making
October 6, 2011

New Conti plant will be 10 years in the making

The city of Sumter, S.C., is rolling out the red carpet for Continental Tire the Americas LLC, following the company's announcement that it will build a greenfield consumer tire plant in Sumter.

Tags: Consumer Tires, Continental financials, OE tires, Plant capacity

“This important announcement is part of Continental’s growth strategy worldwide and,
October 6, 2011

New Continental tire plant in Sumter, S.C., will cost one-half billion dollars

For days prior to the announcement, North and South Carolina news outlets proclaimed that Continental Tire the Americas LLC’s new consumer tire plant was being built in their respective states. The South Carolina media was right.

Tags: Continental financials, Plant capacity

September 29, 2011

Continental tire prices in Canada will be raised

Continental Tire Canada Inc. will raise consumer tire prices up to 7% effective Nov. 15, 2011. There will be some in-line adjustments, according to the company.

Tags: All-season tires, Continental financials, Price increase, Raw material costs

Continental AG increased year-to-year EBIT and consolidated sales by 26.7% and 17.5%, respectively,
July 31, 2011

Continental's first-half income increases 96%

Continental AG posted net income of 683 million euros on sales of 14.9 billion euros for the first half ended June 30, 2011. That compares to income of nearly 349 million euros on sales of more than 12.6 billion euros for the same period last year.

Tags: Consumer Tires, Continental financials, Elmar Degenhart, Raw material costs

July 22, 2011

Continental raises commercial tire prices 8%

Continental AG has announced that prices for its commercial vehicle tires will rise 6-8% in Europe, depending on region and product, on Aug. 1, 2011. The price increase applies to all brands and the whole commercial vehicle tire product range.

Tags: Continental financials, Farm tires, Price increase, Raw material costs

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