Continental Tire sales increase by almost 12%

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Continental Tire North America Inc. recorded sales of $1.66 billion in 2000, up from $1.48 billion in 1999 based on year-end exchange rates. That's an increase of 11.6%.

Overall tire sales at Continental AG were $3.4 billion, down from $3.41 billion in 1999. The Passenger Tire Group, which include's the company's controlled distribution in Europe, accounted for nearly $2.5 billion, or 73%, of total tire sales.

While tire sales at Continental AG's Passenger Tire Group decreased by 2% in 2000 -- again taking year-end currency exchange rates into account -- sales at its Commercial Vehicle Tire Group increased by 5%.

"All sectors of the tire business recorded pleasing growths in unit sales," according to the company.

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