Moroccan Tyre Manufacturer In Insolvency Proceedings

Moroccan tyre manufacturer General Tire has begun insolvency proceedings, following the collapse of a restructuring plan. The company, in which Continental AG has a 34.2 per cent stake, has a deficit of 61.

9 million Dirhams (6.07 m Euro) – up 14 per cent on last year’s figure. General Tire has invested 400 million Dirhams (39.