Continental Archives - Page 99 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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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

Goodyear declares quarterly dividend

The Goodyear Tire & Rubber Company has declared a quarterly dividend of 73.44 cents per share of mandatory convertible preferred stock. The payout represents an annual rate of $2.9375 per share.

7th March 2012/by Tyrepress Editors

Female participation in tyre R&D increasing, says Conti

On 1 March eleven graduates commenced Continental’s Explore Tires Research & Development trainee programme, and the German tyre maker has noted that – for the first time ever – female inductees outnumber their male counterparts; for 2012, the new intake of tyre research and development trainees includes six women and five men. Conti says that the proportion of women accepted for training in the research, development, production and marketing of tyres has been increasing over a number of years.

6th March 2012/by Tyrepress Editors

Tyre test praise, official launch for Bridgestone Turanza T001

The comparative tests conducted by German publications carry a lot of weight within the European tyre industry, and therefore manufacturers are keen to spread the word when their products are evaluated favourably. Motorwelt, the magazine distributed to all members of the motoring organisation ADAC, evaluated two sizes of summer passenger car tyre and one 4×4 tyre in its March 2012 edition. Apollo Tyres has already shared news of its 3G Maxx’s performance in the 165/70 R14T class; now Bridgestone reports a strong finish for its Turanza T001 in the size 205/55 R16V category.

6th March 2012/by Tyrepress Editors

Continental to take over ContiTread sales in April

As of April 2012, Continental and Marangoni Group will hand over the promotion and sales of ContiTread pre-cure treads to Continental Tyre Group Ltd in the UK and Ireland. Commenting on this move, commercial marketing manager Tracey Hyem said “the addition of ContiTread to our core sales offering, further underlines Continental's commitment to the ContiLifeCycle concept. Customers will now have one contact for all elements of ContiLifeCycle, and can rely on comprehensive advice to help reduce costs through better fuel consumption and longer tyre life.”

2nd March 2012/by Tyrepress Editors

Analysts: Conti profits beat projections

Continental’s fourth quarter adjusted pre-tax profits of 815 million euros (announced yesterday, 1 March) was 5 per cent ahead of the consensus of projections compiled by various financial analysts. At the same time the company’s fourth quarter sales of 7.7 billion were some 2 per cent higher. According to an investor’s note published by Morgan Stanley following the publication of the Continental’s financials, the company’ s margin of 10.3 per cent also came higher than consensus estimates at 10 per cent.

2nd March 2012/by Tyrepress Editors