Continental Ag Tires Adds New Distribution Partner
With over 25 locations along the Eastern Seaboard from Richmond, VA, to Columbia, SC, Colony Tire & Service provides maintenance, repair and tire care service for farm tires.
Continental Again Named to Fortune’s ‘World’s Most Admired Companies’
For the third year in a row, Continental has been recognized as one of FORTUNE magazine’s “World’s Most Admired Companies” for 2019, maintaining its spot in the top 5 within its industry.
Continental Again Revises Financial Expectations for 2018
Continental is revising its guidance for fiscal year 2018 with the company experiencing lower sales expectations, cost increases and warranty claims.
Mitas Produces Continental Agricultural Tires for 10 Years
Mitas is celebrating a decade of manufacturing Continental agricultural tires under license. Following the signing of the license agreement in 2004, Mitas has produced more than 300,000 tons of Continental tires. Currently, Mitas offers more than 200 variations of agricultural Continental tires. Mitas recently extended its Trademark License Agreement with Continental Tires through to 2019.
Continental AG to Up Tire Investments
Continental AG has announced plans to invest more than $1.38 billion by 2016 in its global tire division to upgrade products and expand manufacturing outside its home region. A plant at Modipuram, India, will begin operating this year, following the start of a new production line in Sumter, S.C., in January and a factory in Kaluga,
Continental AG Extends CEO’s Contract
Continental AG has extended the contract of Elmar Degenhart, the company’s CEO, for an additional five years.
Schaeffler Selling 4% of Continental AG
Schaeffler Group, a German auto parts maker, will sell a 4% share of Continental AG, according to Reuters. Schaeffler will be taking advantage of a more than 22-year high share price, 126.95 euros, to help pay off its debts. The company announced Monday it will place 8 million shares, worth roughly 1 billion euros, with
Continental AG: Q1 Sales Lower Than Expected
Continental AG has reported its sales for the first quarter of 2013 fell slightly more than its projected drop between 1% and 3%. Q1 operating profit declined below very strong year-ago levels, but stayed within expectations, reported Reuters. Despite the decline in European car markets, Continental said group business will steadily improve following a first
Continental AG to hire 5,000 in China
Continental AG reported it will hire about 5,000 additional staff members in China by the end of this year in order to meet growing demand. This would bring the company’s total staff in the country to 20,000. "As part of a strategic plan to support its growth in China, the automotive supplier will hire employees
Continental AG Has Three Candidates for Chairman, FTD Reports
(Bloomberg) Continental AG has narrowed the candidates list for supervisory-board chairman to three outside executives, Financial Times Deutschland reported today, without saying where it got the information.