Continental: End Of Truck Tyre production?

Morgan Stanley sees Continental Shares as positives at the end of the 17th Global Automotive Conference. Conti boss Manfred Wennemer had previously stuck to the goal of reducing debts and had announced that Continental was to buy the remainder of the Temic shares from Daimler Chrysler in the co ming month at a cost of 200 million Euro. When, as planned in the previous year, all five factories have been closed down, more than 50 per cent of Conti’s production capacities will be located in low wage-cost countries.