Conti North America Figures Turn ‘Blood Red’

According to sources the North American arm of Continental has suffered further financial losses, with negative figures resting around the hundred million mark (euros).

A North American source claims that the losses would be greater still, if it were not for the support given by the European division of the group.

In an attempt to justify the figures, the same source pointed out that the North American market is the most difficult in the world for tyre manufacturers to make a profit.

It seems to be unlikely that the company will achieve the turn around its board of directors predicted, by the close of this year’s fourth quarter, however Continental is sticking to its guns and to its earlier prognosis.