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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.”

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Hankook UK bus and truck tyre market leader in 2014

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In September Tyres & Accessories published a truck tyre market analysis suggesting there has been a massive shift in UK truck tyre market share distribution in the five years since the last time we did a study of this kind. In short, we found that the market is no longer the three-horse race it was in 2009 when Bridgestone and Michelin were fairly evenly matched ahead of Hankook in third place. Instead it looked like it had become a five-horse race, with Hankook and Goodyear Dunlop duking it out at the top. Of course, we have to be conscious that this all refers to sales volume data (tyre unit sales) as opposed to sales values (and the pound notes tell a wholly different story), however the overall point remains extremely pertinent to understanding what is going in the market.

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Related news:

  1. Is the UK truck tyre market a five horse race?
  2. Full house of UK’s biggest CV tyre brands at CV Show 2015
  3. New High Load Goodyear Fuelmax T size to increase payload
  4. Giti enters the top 10 of leading tyre manufacturers
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Continental open to working with Apple on ‘iCar’ – but lowers expectation for electric car uptake

Millions can’t imagine life without their iPhone and iPad, and now a watch is tempting the hearts, minds and wallets of Apple devotees around the world. And if the rumour mill is churning out anything half approaching the truth, the US firm is also working on producing an Apple-branded car with the help of ex-Tesla engineers. If an Apple car does come to fruition, Continental may play a contributory role in its development.

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Related news:

  1. Continental: Electromobility is the future – but the future is some way off
  2. Continental’s tyre business achieves 19.2% EBIT margin in Q1
  3. Continental “comfortably achieves” 2016 targets
  4. Continental to present diesel technologies at IAA
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Continental net income up almost a quarter in “extremely successful” 2014

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The CEO of Continental Corporation has described 2014 as “another extremely successful financial year” and confirmed that all targets set for the year were reached. “When evaluating the results, we should not overlook the fact that there was, in some cases, very weak growth in Europe, Russia, and South America,” elaborated Dr. Elmar Degenhart. “There were also significant exchange rate fluctuations. In addition, the mild winter at the end of 2014 had a negative impact on the winter tyre business in Europe. The driving force behind the sales development once again came from China and North America. In light of this, it is remarkable that profit after taxes of just under €2.4 billion or €11.88 per share could be achieved.”

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Related news:

  1. Despite Hard 2009, Conti Looks Toward Sales Growth This Year
  2. Conti releases Q3 results, lifts EBIT target
  3. Continental: Net income up 2.1% despite higher in raw material costs
  4. Continental: Tyre division growth behind group average in Q1-3 2017
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There’s money in them tyres – Schaeffler tops Germany’s rich list

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He appeared together with his mother at the apex of financial publication Bilanz’s list of the 500 richest Germans last autumn, and now Georg Schaeffler has been named the richest person in Germany by Forbes magazine. According to Forbes, the 80 per cent owner in Continental majority shareholder the Schaeffler Group possesses assets worth US$26.9 billion, which secures him 21st place in the publication’s global rich list and first in Germany. His top spot in the national table sees him ahead of a trio of discount supermarket moguls – the owners of Aldi Süd (which operates Aldi in the UK), Lidl and Aldi Nord.

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Related news:

  1. Up to 25% share in Schaeffler to be sold through IPO
  2. Conti Scores Bayern Munich Deal
  3. Schaeffler “on course” to meet 2011 targets
  4. A dozen new companies join Conti & Schaeffler’s ‘Premium Circle’
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4×4 or SUV tyre sector?

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During the course of the last decade, the 4×4 vehicle sector has rapidly evolved out of its utilitarian roots and – thanks to the advent of the Sports Utility Vehicle or SUV – become a distinct category of often luxury road-going cars. The speed of this evolution has increased thanks to the arrival of the Crossover Utility Vehicle or CUV. In-turn these changes necessarily impact the make-up and even the definition of the 4×4 tyre market. All this has been further impacted by the European legislation putting pressure on reducing noise levels produced by out-and-out off-road tyres in particular. The result is a market that is now much more SUV than off-road or even mixed-use driven.

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

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Related news:

  1. Top tyre manufacturers deny involvement in tyre test manipulation
  2. Giti enters the top 10 of leading tyre manufacturers
  3. Full house of UK’s biggest CV tyre brands at CV Show 2015
  4. Zhongce Rubber enters global top ten tyre manufacturers
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General Tire marks centenary year

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Happy 100th, General Tire. This year marks the centenary of the brand’s debut, and although it has witnessed a few changes, and changes in fortune, in the past hundred years, the ‘General’ begins its second century in good shape and today boasts a wide range of car, 4×4, truck and industrial tyres.

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  1. General Tire celebrates 100 Years
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  4. Significant Decreases For General Tire USA
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Conti and Mercedes-Benz World demonstrate winter tyre benefits

Continental Tyres has successfully offered over three hundred motorists the chance to experience the difference in performance between summer and winter tyres, with free tests running between October and December at Mercedes-Benz World, Weybridge. With UK drivers are six times more likely to have an accident during the winter months, Mercedes-Benz World and “partner in […]

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Related news:

  1. Conti offering free winter tyre experiences at Mercedes-Benz World
  2. Conti: ‘Modest growth’ in store for UK truck tyre market
  3. Double win for Continental in the Auto Express tyre awards 2017
  4. Continental Tyres and Mercedes-Benz partner in UK TPMS project
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Continental moves ‘MENA’ replacement tyre operations to Dubai

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Continental has relocated its replacement market PLT (passenger and light truck tyre) and (CVT) commercial vehicle tyre business operations for the Middle East and North Africa (MENA) region from the company’s headquarters site in Hanover, Germany to Dubai. This shift relates to the 29-country region’s marketing, sales, customer services and controlling functions.

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Related news:

  1. Conti opening Saudi regional office
  2. Conti extends UAE partnership with EUT
  3. Conti Expresses Openness to MAG Clairoix Proposal
  4. Continental the ‘official tyre’ for Dubai motor show
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Continental concludes Veyance acquisition

Brazilian antitrust authority CADE (Council for Economic Defence) has approved Continental’s acquisition of USA-based rubber company Veyance. The endorsement was granted on 29 January and follows the approval given by the United States Department of Justice in December. Continental concluded its acquisition of Veyance the following day. The transaction is valued at €1.4 billion.

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Related news:

  1. Another New Continental?
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New roles for Continental media spokespeople

Changes have been made to Continental Corporation’s press spokesperson team. At the beginning of 2015, Vincent Charles took over as corporate spokesperson for business and finance. He replaces Antje Lewe, who after roughly eight years in this role has transferred to the ContiTech division’s Media and Public Relations department.

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Related news:

  1. Vincent Charles appointed Continental’s new media relations head
  2. S&P Downgrades Conti Following Neumann’s Departure
  3. New manager for Continental’s independent aftermarket business
  4. Dirk Abendroth named CTO of new Continental Automotive sector
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Continental aiding Asia Pacific growth with market-specific tyres

Antonio Lopes Seabra, executive-vice president at Continental AG and head of the tyre maker’s PLT tyre Replacement Asia Pacific business unit, says Continental sees “great potential in the APAC region.” Over the past 12 months the company has commenced or stepped up operations in a number of Asian markets, and it aims to “bring more driving fun” to a broader audience in the Asia Pacific area by supplying products suited to the region.

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Related news:

  1. Continental using AFC Asian Cup to increase brand awareness in China
  2. Tyre makers donate to Philippines aid
  3. Conti to sponsor Asia Pacific football cup
  4. Continental re-emphasises partnership with ContiTread cold retreaders
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Continental using AFC Asian Cup to increase brand awareness in China

The AFC Asian Cup Australia 2015 kicked off on Friday 9 January in Melbourne, with Continental as the exclusive tyre partner. In association with the event, the tyre maker is now launching a series of campaigns under the ‘Thrill of Technique’ banner to fan the flames of football passion all over the APAC region, and particularly in China.

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Related news:

  1. Conti Team Runs for Charity
  2. Continental Eyes India and Russia
  3. Chinese TPMS market tidbits
  4. Continental furthers Asian football activities with Chinese sponsorship deal
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Agri machinery manufacturers now switching from Continental to Mitas Premium tyres

Following its announcement in November that it would soon begin substituting the Continental brand name for Mitas Premium on its European market original equipment agricultural tyres, Mitas shares that the process began in January. Agricultural tyres included in the Mitas Premium product line are those designed for high-horsepower machines, including Very High Flexion (VF) and Super Flexion Tyres (SFT).

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Related news:

  1. Mitas Premium to launch on replacement market in 2016
  2. European launch for Mitas SFT tyre line
  3. ‘Mitas Premium’ announced at EIMA – Continental name to be phased out on OE agri tyres
  4. Mitas releases VF HC 3000 harvester tyre
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Is Continental’s 4Q EBIT preview a low-level profit warning?

Shortly after Continental AG pre-released its fourth quarter 2014 results at the North American International Auto Show in Detroit on Monday 12 January 2015, the company also previewed estimated fourth quarter pre-tax profits. The problem is that while the majority of the advance figures were broadly in line with expectations, the pre-tax profit (EBIT) figure wasn’t. So with this in mind it begs the question of whether Continental executives are preparing the market for a lower than expected result when the final figures are published on 5 March 2015.

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Related news:

  1. Schaeffler “on course” to meet 2011 targets
  2. Analysts Predict Michelin to Benefit Most from Market Recovery
  3. Continental May Revive 1.5 Billion Euro Bond Sale Plans
  4. Continental triples share dividend estimates
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Continental aiming for 5% sales growth in 2015, releases preliminary 2014 results

The European replacement tyre market displayed a “pronounced weakness” in the four quarter of last year, says Continental Corporation, however during the 2014 fiscal year the company as a whole managed to grow year-on-year, and achieved an annual turnover of approximately €34.5 billion. The company’s adjusted EBIT margin exceeded 11 per cent.

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Related news:

  1. Continental’s tyre business achieves 19.2% EBIT margin in Q1
  2. Continental: sales up 13.6% in 2015
  3. Automotive Group drags down Continental’s Q3 2016 earnings
  4. Sales of €40.5 billion, record tyre volumes – Continental announces 2016 results
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