You are here: / Continental

Hannover-based Continental AG is a leading automotive supplier and – according to the company – is “the choice of leading car manufacturers, offering award-winning tyres that deliver responsive braking in all weather conditions.”

Posts

Axing for the sake of axing: Unions denounce closure of profitable Continental tyre plant

The union representing employees at a closure-threatened Continental factory has responded angrily to the decision, accusing Continental of “sacrificing” a “profitable tyre plant” as part of its savings programme. The IG BCE union particularly doesn’t understand the logic behind this step as it claims the tyre business in Aachen has achieved “double-digit” profit margins over the years and even operated in the black during the corona lockdown.

Read more

Related news:

  1. Continental closing Aachen, Germany tyre factory
  2. Aachen tyre plant: Continental blocking potential investors, says union
  3. Continental’s tyres and rubber business profitable in Q2, despite corona
  4. Continental shares set to continue outperforming estimates in 2021 – analysts
/by

Continental closing Aachen, Germany tyre factory

,
Continental AG

Employees at Continental AG’s Aachen, Germany tyre factory were informed that the plant will be closed by the end of 2021. According to the German Handelsblatt newspapter, more than 1,800 employees will be affected by the closure. The announcement comes two weeks after Continental announced cost-cutting plans aiming at saving 1 billion euros by 2023.

Read more

Related news:

  1. Bridgestone to close Bethune, France plant
  2. Bridgestone Béthune closure ‘a premeditated assassination’ – Bertrand
  3. Axing for the sake of axing: Unions denounce closure of profitable Continental tyre plant
  4. Continental’s tyres and rubber business profitable in Q2, despite corona
/1 Comment/by

Michelin and Pirelli lead in rubber sustainability – Context Group

,
Context Group

Michelin and Pirelli are leading the way on tyre and rubber sustainability, according to a recent report from Context Group. Context’s ranking assessed 11 members of the Tire Industry Project (TIP), namely Bridgestone; Continental; Cooper; Goodyear; Hankook; Kumho; Michelin; Pirelli; Sumitomo Rubber; Toyo and Yokohama.

Context analysed the sustainability content on each company’s website to see if it included communications covering some of the main issues associated with the life cycle impacts of tyres, including the four focus areas of the TIP: tyre and road wear particles, sustainable natural rubber, end-of-life tyres and environmental performance. The researchers assessed how well the companies tell their sustainability story by looking at their use of multimedia, news articles and social media.

Read more

Related news:

  1. Giti enters the top 10 of leading tyre manufacturers
  2. Zhongce Rubber enters global top ten tyre manufacturers
  3. 19 finalists chosen for 2015 AutoBild winter tyre test
  4. Tyre Manufacturers In Global E-Commerce Initiative
/by

Continental welcomes Lewis Hamilton to Extreme E

Six-Time Formula One World Champion Lewis Hamilton is creating his very own race team, which will make its competitive debut in the Extreme E electric off-road racing series early next year. Hamilton has named the team X44 – a nod to his F1 car number – and although he won’t drive in the new championship or be involved with X44 on a day-to-day basis, the British driver will draw upon his experience to help guide the creation of a dedicated and competitive team. Extreme E tyre supplier Continental welcomes this backing from motorsport royalty.

Read more

Related news:

  1. Continental & Spark Racing Technology begin Extreme E testing
  2. Conti: Extreme E the biggest challenge tyres have faced in motorsport
  3. Hamilton finishes emphatic F1 season as Pirelli turns to testing at Yas Marina
  4. Pirelli: Several different factors behind retention of 2019 F1 tyres
/by

Analysts support Continental AG reform programme

,
Google, share profile, 02/09/20

Financial analysts are reacting positively to the far-reaching restructuring measures announced by Continental AG yesterday that could cost up to 22 per cent of the 59,000 jobs in Germany alone.

Read more

Related news:

  1. Schaeffler/Conti Saga – ‘Over By Christmas’?
  2. Michelin, Conti “well positioned” for market change: Goldman Sachs
  3. Continental Rejects ‘Unlawful’ 11.2 billion Euro Schaeffler Takeover
  4. Conti Cuts 6,000 Jobs in 2009 Q1
/by

Continental to expand restructuring programme to save 1 billion euros by 2023

,
Continental AG

Continental is expanding the restructuring programme it initiated in 2019. The company is adding further measures to cut costs and increase efficiency to its Transformation 2019-2029 programme. The tyre manufacturer wants to achieve gross annual savings of more than 1 billion euros by 2023. This is significantly more than previous targets – in fact more than doubling the initially quoted figure. In total it expects the changes to affect more than 30,000 jobs worldwide. Its workers in Conti’s domestic market in Germany will be the largest part, with 13,000 affected jobs. A further major proportion will be in countries with high labour costs. Conti says these jobs will be modified, relocated, or made redundant. Conti says the programme aims to ensure its viability and strengthen global competitiveness in the long term.

Read more

Related news:

  1. Continental announces major organisational realignment
  2. Supervisory Board approves Continental realignment
  3. Job cuts, changes: Continental responds to evolving automotive market
  4. Revisiting the past for a better future – Continental looks at Nazi era activities
/1 Comment/by

BMZ and Continental pioneer digital tracing in natural rubber sector

GIZ; Canopy Indonesia | GIZ; Thomas Heinen

In what is purportedly an industry first, the German Federal Ministry of Economic Cooperation and Development (BMZ) and Continental are digitally tracing the rubber supply chain from cultivation in Indonesia and further processing through to tyre production.

Read more

Related news:

  1. Tyre Manufacturers In Global E-Commerce Initiative
  2. PanAridus ships guayule-derived rubber to Cooper
  3. IRSG and GPSNR sign MoU
  4. Global natural rubber production to fall 4.7% in 2020
/by

Revisiting the past for a better future – Continental looks at Nazi era activities

Tyrepress/Stephen Goodchild

Confronting one’s past can be a taxing experience, all the more so when this past includes one of history’s darkest hours. But this is exactly what tyre maker and automotive systems company Continental is doing in the run-up to its 150th anniversary – it is looking back more than three-quarters of a century to examine the firm’s role within the Nazi system and in Hitler’s war. Continental’s review of its involvement with the National Socialist government in Germany is being supported by the findings of an independent academic study, which was presented this morning.

Read more

Related news:

  1. Continental bosses lay foundation stone for new HQ
  2. Continental withdraws outlook for ‘uncertain’ 2020
  3. Continental to expand restructuring programme to save 1 billion euros by 2023
  4. Continental in talks to sell parts of its group
/by

Conti rated as ‘buy’ for ‘best cost base’ in the tyre business

,

Following comparably strong second-quarter 2020 results, some financial analysts have confirmed their “buy” rating for Continental AG shares. The reason? Ongoing cost-cutting plans as well as “deep restructuring measures”. Writing in an investor’s note published on 7 August, Jefferies equity research suggested Conti’s planned spin-off of its Vitesco powertrain operation plays a key role in this strategy:

Read more

Related news:

  1. Continental delays Vitesco spin-off
  2. Analysts highlight ‘difference in momentum’ between Continental and Michelin results
  3. Tyre manufacturer share prices fall as demand loses pressure
  4. Continental AG measures ‘encouraging’, but R&D budgets and European tyre factories could be cut – analysts
/1 Comment/by

Shifts in leading tyre manufacturer rankings, 2015-2019

,
Tyrepress

Over the last five years of data collection for the Tyres & Accessories’ ranking of the leading tyre manufacturers, a few trends can be observed – see accompanying graphs for more details. Firstly, it is easy to see that there are a few separate groupings of rival companies within the top ten. In our first chart, we can see that Continental has continued to progress in narrowing the tyre sales gap with Goodyear, partially because Goodyear has yet to regain the level of sales achieved in 2015, despite improved results on its half-decade low in 2017. Tyrepress noted in 2018 that based on tyre volumes, Conti looked likely to overtake Goodyear in light vehicle (passenger car and light truck) tyre volumes, showing how it has gained ground on the previous ‘Big Three’. Regardless of their order, it has been appropriate to talk of a global Big Four tyre manufacturers for a few years.

Membership Required

If you are not yet a Tyrepress or Tyres & Accessories subscriber, you can change that here.

Subscribe now

Becoming a member has benefits such as:

  • Read our sector-leading articles in full
  • Full analysis of tyre business segments
  • Read Tyres & Accessories magazine online/in print

Already a member? Log in here

Related news:

  1. Pirelli, Hankook continue close rivalry in list of Leading Tyre Manufacturers
  2. Zhongce Rubber enters global top ten tyre manufacturers
  3. 19 finalists chosen for 2015 AutoBild winter tyre test
  4. Decennial shift in global PCLT tyre volume market share
/by

Künz Freerider fitted with Continental CraneMaster tyres

,
Künz

Künz, an original equipment manufacturer of machinery including the rubber tyred gantry cranes (RTG) used in ports, is fitting Continental’s CraneMaster tyres to its new Freerider RTG.

Read more

Related news:

  1. Continental shows high-performance port products in Hamburg
  2. Conti investing 100 million euros expanding OTR tyre production in Portugal
  3. Continental partners with MOL to supply sensor-equipped tyres as OE
  4. Continental forms new ‘Specialty Tires’ business unit 
/by

Conti: Extreme E the biggest challenge tyres have faced in motorsport

, ,
Continental

Continental is a founding partner and, from 2021, the premium sponsor of the Extreme E series. In this role, Conti will fit all race vehicles with tyres for the very challenging action. Indeed, according to the tyre and automotive supplier, Extreme E is the biggest challenge tyres have faced in motorsport. With this in mind, Nico Meier, product designer at Continental, talks about the challenges Extreme E tyres are exposed to in this unprecedented series, the importance of the tyre sidewall in general, and the sidewall design of the Extreme E tyre in particular.

Read more

Related news:

  1. Davanti unveils wave of new product, partnership news at first conference
  2. Continental a founding partner in Extreme E off-road electric racing series
  3. 4×4 tyre sell-in growth following growing vehicle sales
  4. All-season tyre growth, especially for premium brands – GfK
/by

Continental adds 10 sizes to its CombineMaster tyre range

,
Continental

Having made its CombineMaster tyre available in a VF version, Continental has added 10 new sizes to extend the range. The first VF CombineMaster tyre in size 500/85R24 became available in July. Both versions of the CombineMaster feature the patented N.flex and d.fine lug technology for “flexibility with low vibration on the carcass and high resistance to wear and tear”.

Read more

Related news:

  1. Continental launches VF agricultural tyres
  2. Conti releases new, ‘safer’ combine tyres
  3. Mitas celebrates 10 years of Continental agricultural tyre production
  4. Agritechnica launch for first Continental agricultural tyres
/by

Continental’s tyres and rubber business profitable in Q2, despite corona

,
Marcus Prell, Continental AG

Continental has reported second quarter 2020 consolidated group sales of 6.620 billion euros. This equates to -39.8 per cent drop year-on-year. Pre-tax profits (EBIT) came in at -9.6 per cent of sales (-636 million euros). However, sales in the Rubber Technologies division, which includes tyres, were 2.962 billion euros and the adjusted EBIT margin was 1.2 per cent (around 36 million euros). Thus, Continental’s tyre business has managed to remain profitable despite the obvious pressures of the coronavirus context.

Read more

Related news:

  1. Michelin temporarily closes some European factories, car tyre demand down 9%
  2. Continental AG measures ‘encouraging’, but R&D budgets and European tyre factories could be cut – analysts
  3. Cooper reports $6 million 2Q loss, international business beat 2019 result
  4. Continental closing Aachen, Germany tyre factory
/by

Conti Hybrid HS3+ truck tyre offers regional and long-haul performance

,
Continental

Continental Tyres has unveiled a new commercial vehicle steer tyre, designed for high mileage and even wear during both regional and long-haul use – the Conti Hybrid HS3+. The Conti Hybrid HS3+ will be available in the UK from August 2020.

Read more

Related news:

  1. Continental and Bandvulc management comment on integration process
  2. Faccenda extends deal with BVPlus+
  3. Continental Tyres and Mercedes-Benz partner in UK TPMS project
  4. 2018 UK truck tyre market data overview
/by

We see you are visiting us from China.

If you would like the latest news from the Chinese tyre industry in Chinese, visit our partner site TyrepressChina.com. Or click below to continue on Tyrepress.