Continental Archives - Page 98 of 229

The figures point to a good start to 2012, says Conti

At its Annual Shareholders’ Meeting on 27 April, the Continental Corporation reported a “very good start” to this year. During the first quarter of 2012, the company experienced a double-digit year-on-year growth in sales to 8.3 billion euros, with sales in both its tyre and automotive markets stronger. Reported EBIT, at 766 million euros, exceeded the previous year’s figure considerably, and with a margin of 10.6 per cent, adjusted EBIT before acquisition-related amortisation and special effects amounted to roughly 875 million euros, up from last year’s figure of 734 million euros. Continental will publish its first quarter report in full on 3 May.

27th April 2012/by Tyrepress Editors

Conti looks to Wi-Fi RFID solution to increase output in France

News

Following positive experiences at its Mt. Vernon, USA plant, Continental has implemented a ‘Work-in-Process’ (WIP) Visibility solution from AeroScout at its tyre plant in Sarreguemines, France. AeroScout, a specialist in enterprise visibility solutions, first supplied the Wi-Fi RFID-enabled solution to Continental Tire the Americas as part of expansion plans for the Mt. Vernon facility; AeroScout says its product helped enable the site achieve a 20 per cent reduction in component tyre losses. Continental anticipates the French project will increase daily output at Sarreguemines by 4,000 units.

26th April 2012/by Tyrepress Editors

Conti comments on positive Which? ratings

News

The April issue of Which? magazine put a total of 26 tyres (sizes 165/70 R14T and 205/55 R16V) to the test and ranked each according to its performance in the areas of dry and wet braking and handling, wet grip on straights and bends, noise, fuel consumption and wear. Continental, which received a “best buy” recommendation for its ContiEcoContact 5 in the 14-inch category and ContiPremiumContact 5 in the larger fitment, reports its satisfaction in being the only tyre maker to receive this distinction for both sizes.

25th April 2012/by Tyrepress Editors

Accuride expands South Carolina wheel manufacturing

News

Accuride Corporation has announced plans to expand aluminum wheel production capacity at its Camden, South Carolina plant, Tire Review reports. The company will invest at least $8.7 million to add two machine lines as part of the expansion, which will generate at least 25 new jobs.

12th April 2012/by Tyrepress Editors

Nexen to supply Fiat OE tyres

News

Nexen Tire has announced that it has been selected as original equipment (OE) manufacturer by Fiat. Under the agreement, Nexen will supply tyres for Fiat's Multipla model range, scheduled for production from March 2013, as well as Fiat's Doblo light commercial vehicle (from 2014).

10th April 2012/by Tyrepress Editors

Tyre specialists make strong showing in UK’s top 100 garages

News

Motor Codes has revealed the nation’s 50 most trusted garages, following six weeks of voting by thousands of motorists. Motor Codes, an OFT approved code of practice for car service and repair and new car sales, in invited satisfied customers to nominate their local garage through its annual Garage of the Year contest. This year around 10 per cent of the top performers were tyre specialists despite strong competition from general garages, MOT centres, and franchised vehicle dealerships.

Micheldever Tyres Services will no doubt be particularly pleased with the results, as four of these branches belong to the group, which is know for its Micheldever and Southam wholesale brands as well as its famous Micheldever Station retail outlet and Protyre chain. This year Micheldever Tyre & Auto Services, Winchester as well as Protyre Plymouth, Protyre Gloucester and Protyre Poole were the ones to make it into the top 100.

10th April 2012/by Tyrepress Editors

Steer, drive axle fitments added to Conti 2+ range

News

Continental has expanded its range of second generation long haul truck tyres first introduced in 2010 with the launch of two new products, the HDL2+ and HSL2+. In releasing the new drive and steer tyres, the manufacture shares that they offer greater overall mileage than the previous generation tyres and offer optimised driving properties and handling thanks to new micro-sipes in the longitudinal grooves.

3rd April 2012/by Tyrepress Editors

KRT to support Matador TBR brand with website

News

Kings Road Tyres was made the exclusive distributor of Matador truck and bus radial tyres in the UK six months ago, and the wholesaler has announced today that it will launch a sales and marketing campaign to support the brand this summer. KRT says it will seek to boost sales of the brand over the next 12 months with a new, dedicated website covering the full portfolio of Matador TBR applications for regional and long haul, mixed service, city urban and winter fitments. The site will go live in April with the URL, www.matadortyres.co.uk. Sales promotions and incentives will also back-up the sales drive.

2nd April 2012/by Tyrepress Editors

Continental launches ContiPremiumContact 5 in Barcelona

News, Premium

Following its international debut at the recent Geneva Motor Show, Continental AG officially launched its ContiPremiumContact 5 to the trade in Barcelona today. The tyre, which the company describes as “the perfect all-rounder”, offers 15 per cent better wet braking, an 8 per cent rolling resistance improvement, 5 per cent better noise performance and is in fact 2 -5 per cent better than its predecessor (the ContiPremiumContact 2) in all but one respect.

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29th March 2012/by Tyrepress Editors

Groundbreaking held for Conti’s Hefei plant expansion

News

On 28 March Continental celebrated the groundbreaking of not just one, but two tyre factories. Along with the new plant in the US state of South Carolina, reported yesterday by Tyrepress.com, the company broke ground on extensions to its passenger car factory in Hefei, China. The project calls for a 134 million euro investment, and this will allow for a doubling of capacity to eight million passenger car tyres per annum. Hefei plant output includes the ContiComfortContact 5, which it began producing last year, and ContiMaxContact 5, which entered production in 2012; both of these tyres have been tailored for the Chinese market.

29th March 2012/by Tyrepress Editors

Continental breaks ground on South Carolina plant

News

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

News

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

News

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

Career Tracks

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

Career Tracks

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

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