Conti to Raise Europe Tyre Prices

(Akron/Tire Review) Continental AG plans to increase tyre prices in Europe by 3 per cent to 6 per cent this spring, although an exact effective date has not been revealed. Continental chief executive Manfred Wennemer told media sources of the price increase plan during the Geneva auto show. Wennemer told AFX that Continental’s troubled US tyre operations could break even in 2006, but that it will depend largely on the outcome of its restructuring plans for its Charlotte, North Carolina plant.