Conti Boss – “No Alternative” to Stopping Production

In an article in Die Welt, Continental Chief Executive Manfred Wennemer said that the company “can see no alternative” to ceasing production of passenger car tyres at the factory at Hanover.

Around 320 workers will be affected if production stops at the end of 2006, as planned. In the first nine months of this year, Continental’s operational profits were nearly 1.2 billion euros – more than the total figure for 2004.