Continental expresses interest in Siemens
While Continental Tire North America Inc. continues to ramp up its brand positioning efforts in the U.S., its parent company, Continental AG, is looking at another big pontential acquisition: Siemens VDO.
"Continental is interested in Siemens VDO," a spokesperson from Continental's main office in Hanover, Germany, recently told moderntiredealer.com.
Siemens manufactures a variety of electronic automotive products, including its Tire Guard tire pressure monitoring system and its Tire IQ System, which it has developed in conjunction with Goodyear Tire & Rubber Co.
Last year, Continental said it also had an interest in acquiring Goodyear's Engineered Products division, which the Akron, Ohio-based tiremaker is actively "marketing," according to Goodyear officials.