Continental Archives - Page 98 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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Continental breaks ground on South Carolina plant

Continental Tire the Americas has broken ground on its new consumer tyre plant in Sumter County, South Carolina, reports Tire Review. Governor Nikki Haley and officials from CTA and Continental AG were present as ceremonies took place at the plant site. The plant will produce all lines and sizes of Continental and General brand passenger and light truck/SUV tyres for the North American market, and will primarily build replacement market tyres for at least the first three years of its existence, a Conti official said last October.

28th March 2012/by Tyrepress Editors

Conti launches new truck TPMS in the US

Continental Tire the Americas launched ContiPressureCheck, a new tyre pressure monitoring system specifically designed for commercial trucks in the US at the end of March. Unveiled at the Mid-America Trucking Show in Louisville, ContiPressureCheck constantly monitors the pressure and temperature of each tyre on the vehicle and provides real-time, on-demand tyre status information and to warn the driver of problems before they become a critical concern, according to the tyremaker.

26th March 2012/by Tyrepress Editors

Open road trial for Conti automated driving system

When not producing tyres, Germany’s Continental AG spends its time developing automotive and mobility technologies. This requires the company to concentrate heavily on research and development, and a current focus is on technology that eliminates the greatest risk factor on our roads – human error.

23rd March 2012/by Tyrepress Editors

Analysts predict Schaeffler will sell more Conti stock

Some financial analysts are recommending Continental shares ahead of a possible further sale of some of the stake directly owned by current 49.9 per cent shareholders Schaeffler Group. “Even if Schaeffler were to do another private placement of Conti shares, we think it might not be enough to satisfy investor appetite. We regard Conti as a structural, earnings and free cash flow driven overweight offering an attractive entry point,” Morgan Stanley analysts wrote in an investor’s note published 22 March.

22nd March 2012/by Tyrepress Editors

Conti announces US promotions

Continental Tire the Americas has given news of two promotions within its Passenger and Light Truck – US Replacement unit. Chris Charity has been named director of sales – corporate accounts. In this role, Charity will be responsible for managing and directing sales efforts for passenger and light truck tyres with national retail and automotive aftermarket customers within the US market. Sean McDermaid will take over from Charity as national sales manager – dealer group. In his new position, McDermaid will be responsible for overseeing Continental’s field sales force, as well as the development and growth of business with independent dealers and distributors.

22nd March 2012/by Tyrepress Editors

Growth continues at Euro-Tyre

A year ago the newly appointed managing director of Euro-Tyre BV, Frank van Leeuwen, reported that the Netherlands-based wholesaler enjoyed growth in excess of 25 per cent in 2010. Yet the company, like many in the business, needed to remain on the ball in order to avoid the widespread tyre availability issues brought on by an improving economy. Now, 12 months later, Euro-Tyre says that while the problem of availability and supply lies in the past, the pattern of strong growth has continued.

19th March 2012/by Tyrepress Editors

Cash-strapped drivers delay repairs and risk safety

The Institute of Advanced Motorists has commented on a recent survey, carried out by Britannia Rescue. The IAM's director of policy and research Neil Greig said: "In 2010, poorly maintained vehicles caused 52 road deaths. eglecting maintenance only leads to bigger repair bills later on, lower second-hand values, and increased fuel consumption. There are also fines if you get caught. More frontline policing and better co-ordination between agencies such as VOSA and the DVLA will help get the worst examples off the road, but In the meantime VOSA should extend the MOT reminder scheme so that no driver can plead ignorance of their renewal date."

19th March 2012/by Tyrepress Editors

Conti still chosen tyre for Wrings Transport

Avonmouth-based haulier Wrings Transport has fitted Continental tyres to its latest fleet additions three years after choosing the tyre manufacturer as it's supplier of choice. The operator recently introduced three new Scania trucks and a further seven tractor units are already on order; all 10 of the new trucks have been specified with Continental HSR2 steers, as well as ContiRe tyres on the drive axles.

16th March 2012/by Tyrepress Editors

Geneva launch for ContiPremiumContact 5

Along with two cold weather products, the ContiWinterContact TS 850 and Conti.eContact Winter, at the Geneva motor show Continental displayed a brand new summer tyre, the ContiPremiumContact 5. Due to be launched this spring, the new high-volume range will be manufactured in 26 sizes for 14 to 17-inch rims – making it suitable for vehicles ranging from small to luxury cars – and is approved for speeds of up to 270 km/h.

16th March 2012/by Tyrepress Editors

Conti to introduce winter EV tyre

Starting in autumn 2013, Continental will produce a winter tyre for electric cars. The company previewed this tyre, the Conti.eContact Winter, at the Geneva Motor Show and shared that it can cut rolling resistance considerably compared with its standard equivalent. “The 20-inch size was decided upon due to rolling resistance and wear criteria,” commented Alexander Bahlmann, head of media and public relations for Continental’s Tires division. “It was the best size in comparison to a standard winter tyre; rolling resistance has been reduced by 25 per cent compared with a 16-inch tyre.”

15th March 2012/by Tyrepress Editors

Eco and winter performance no contradiction in latest ContiWinterContact

Visitors to the Geneva Motor Show will be amongst the first to see Continental’s latest winter tyre, the ContiWinterContact TS 850. The new range is scheduled to debut in Europe during the coming autumn, and according to Alexander Bahlmann, head of media and public relations for Continental’s Tires division, although the main focus when designing the TS 850 was on traditional winter tyre qualities such as braking and performance on snow, wet and ice surfaces, the new tyre also utilises rolling resistance reduction technology originally developed for the ContiEcoContact 5. Therefore, Continental was able to improve rolling resistance by eight to ten per cent in comparison with the ContiWinterContact TS 800.

9th March 2012/by Tyrepress Editors

Analysts up Conti share price target

Financial analysts have expressed a vote of confidence in Continental AG’s present and future financial performance by increasing the price their expect the company’s shares to achieve in the medium term. Recommending a new, higher price target to its investors, Morgan Stanley analysts raised their price target for Continental stock to 90 euros per share, up some 15 euros from the previous target of 75 euros.

9th March 2012/by Tyrepress Editors

Conti buys out Indian brake JV partner

Continental AG has acquired the 50 per cent share of its Indian brake joint venture (Rico Hydraulic Brakes India Ltd) belonging to Rico Auto Industries Limited. In buying out Rico Auto Conti has made Rico Hydraulic Brakes into a fully owned subsidiary of Continental.

Since 2009 the plant in Gurgaon near New Delhi has been producing and supplying components for hydraulic brake systems to OEM customers in India. These include products and services consisting of calipers for front and rear axles, drum brakes, master cylinders, brake boosters and load sensing proportioning valves for all kind of passenger cars.

9th March 2012/by Tyrepress Editors

Marangoni Germany confirms plans to double Ringtread production

Following the rebrand/establishment of Marangoni Retreading Systems Deutschland in September 2011, the German part of the Italian retreading company confirmed plans to virtually double output at the end of January 2012. The specific purpose of the investment is to double ringtread production capacity in Hamburg.

8th March 2012/by Tyrepress Editors

Spijker appointed as Mitas Benelux director

On 1 March Mitas appointed Jean-Paul Spijker market director for the Netherlands, Belgium and Luxembourg (Benelux). Operating out of Uden, Spijker has the responsibility of increasing Mitas’ market share and improving customer service in the region.

“I can open a lot of doors,” said Spijker, who has an extensive sales background from Toyo Tyres, Van den Ban Autobanden, Solideal and Alliance Tire Europe. Spijker is a Kiwanis associate and is fluent in Dutch, English and German.

8th March 2012/by Tyrepress Editors