Continental Archives - Page 83 of 229 - Tyrepress

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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Jourdan joins Conti board

Since the start of August Dr. Ralf Cramer has been headquartered in Shanghai as head of Continental China. Replacing him as chairman of the Management Board for the Chassis & Safety division is Frank Jourdan, who has also joined Continental’s Executive Board. Jourdan’s appointment to the board was confirmed at Continental’s Supervisory Board meeting on 25 September, together with the renewal of Dr. Elmar Degenhart’s tenure as Executive Board chairman for a further five years.

25th September 2013/12,345 Comments/by Tyrepress Editors

Conti looks back on ‘overwhelmingly positive’ year on the DAX

It’s been a year since Continental returned to what it calls the “stock exchange premier league”, and the German firm considers its DAX comeback to have been an “overwhelmingly positive” one. Over the last twelve months the company’s shares have risen more than 54 per cent to €125.55 and even recorded an all-time high of €127.45. And after joining in 22nd position for market capitalisation, the company moved up to 19th place thanks to strong share performance.

25th September 2013/12,345 Comments/by Tyrepress Editors

German tyre test votes Conti best in wet and snow

In the September issue of German publication Auto Motor und Sport (20/2013), eight brands of winter tyre were put through their paces. Seven types of size 225/50 R17 V tyre and a set of Michelin 225/50 R17 H tyres were fitted to a BMW 330d for the test and subject to handling and braking tests in snow, wet and dry conditions, along with condition-specific tests such as aquaplaning, traction, comfort, rolling noise and rolling resistance. Here is what Auto Motor und Sport found out:

24th September 2013/12,345 Comments/by Tyrepress Editors

Giti Tire sets up technical centres in Germany, the US

Company News, International News

Giti Tire has announced the establishment of new technical centres in Germany and the US. The two sites will work in collaboration with the company’s MIRA-based UK facility as well as its centres located in Indonesia and China. Giti now employs more than 600 R&D personnel and describes the creation of a European and North American technical centre as marking a “significant development in the research and development capabilities of the company.”

23rd September 2013/12,345 Comments/by Tyrepress Editors

Conti says interest in harbour range high

According to Continental, the habour tyre range it unveiled at the TOC Container Supply Chain Europe exhibition in Rotterdam in July has struck a chord with port operators. The company claims that more than half the respondents to a recent survey plan to purchase or recommend the newly-released range.

18th September 2013/12,345 Comments/by Tyrepress Editors

New port range a taste of Conti’s expansion strategy

Over the last decade or so Continental has focused heavily on its automotive businesses, and with an annual turnover of 32.76 billion euros it today ranks as the world’s third largest automotive supplier (behind Denso and Robert Bosch). But now the pendulum is swinging the other way. During a recent press conference, Nikolai Setzer outlined the company’s current strategy of investing into non-automotive areas in order to balance Continental’s footprint. The Tire division head also said investment is being undertaken to reduce vulnerability to automotive sector downturns.

18th September 2013/12,345 Comments/by Tyrepress Editors

Schaeffler places 4% Conti shares to reduce debt

Schaeffler Holding and Schaeffler AG have announced that the companies have placed roughly 4 per cent of Continental shares with a range of investors. According to a statement issued by Schaeffler group, net proceeds will be used to pay down debt as well as additional reduction of debt from excess cash flow. However, the company re-affirmed that Continental AG remains a long-term strategic shareholding.

17th September 2013/12,345 Comments/by Tyrepress Editors

Third Conti Eurobond placed under debt issuance programme

Continental has placed another €750 million Eurobond with institutional and retail investors; the company says it chose to do so in order to take advantage of “the current positive capital market environment as well as the momentum of its previous bond transactions.”

13th September 2013/12,345 Comments/by Tyrepress Editors

Conti merges brakes & chassis divisions into vehicle dynamics unit

Effective from the 1 September Continental AG has merged its Suspension Systems and Chassis Electronics segments into the Electronic Brake Systems business unit from the Chassis Components unit, which has been dissolved as far as an organizational structure is concerned. In line with the move the Electronic Brake Systems unit has been renamed Vehicle Dynamics.

11th September 2013/12,345 Comments/by Tyrepress Editors

ContiTrade Africa acquires Jody’s Tyre Group

ContiTrade Africa, a newly founded entity of Conti Global Holding, has bought eight Jody’s Tyre Group fitment stores in Johannesburg, South Africa. ContiTrade Africa is responsible for franchise and retail operations in Africa with two main systems, FIT&GO and Best Drive – some of which are company owned while others are franchise stores. Of the eight stores recently acquired three will be converted into FIT&GO and four into Best Drive with one store trading by the name, Jody’s Tyres.

11th September 2013/12,345 Comments/by Tyrepress Editors

Continental tops Auto Express tyre test

Continental's ContiSportContact 5 has come out on top in the demanding tyre test carried out by leading car magazine Auto Express. The Auto Express test celebrates the best of the best in the tyre market, highlighting exceptional performance, quality, safety, desirability and value. It is seen within the motoring industry as a stamp of approval offering motoring enthusiasts confidence when looking for their next tyre purchase.

6th September 2013/12,345 Comments/by Tyrepress Editors

Continental places 750 million euro bond

Continental AG has placed a 750 million euro Eurobond with institutional and retail investors. According to the company, the aim of the move is to reduce the firm’s interest costs. The bond issued by Continental under its Debt Issuance Program established in May has a term of seven years and an interest rate of 3.125 per cent per annum. Interest will be payable annually in arrears. The issue price is 99.228 per cent.

3rd September 2013/12,345 Comments/by Tyrepress Editors

Continental Tyres takes Mercedes-Benz World to Contidrom

Continental Tyres recently invited Mercedes-Benz World representatives and driving instructors to experience its Contidrom testing facility in Hanover, Germany. Utilising Contidrom’s 2km wet handling track, Continental set out to demonstrate the difference between premium and budget tyres on a Mercedes-Benz C-Class among other tests.

30th August 2013/12,345 Comments/by Tyrepress Editors

ContiLifeCycle helping NI fleet to achieve savings

Continental says its tyre management procedures are helping one Northern Ireland transport and logistics business to achieve significant savings. Surefreight, one of the leading logistics companies operating between Ireland, Britain and mainland Europe, turned to Continental for support last year, resulting in its annual spend on tyres falling by £59,000 when compared with 2011.

28th August 2013/12,345 Comments/by Tyrepress Editors

Conti releases ‘World Cup’ tyre in Brazil

Motorists in Brazil, host country for next year’s World Cup, now have the chance to buy an officially-endorsed commemorative tyre. Continental has launched a World Cup edition of its ContiPowerContact, complete with footballs and FIFI World Cup logo on the sidewall. The tyre’s release is being supplemented by an extensive advertising campaign in print and electronic media, radio and television.

22nd August 2013/12,345 Comments/by Tyrepress Editors