Manfred Wennemer, CEO of Continental AG, reportedly told journalists in Frankfurt of a likely 5% price increase but did not set a date for the increase to take effect.

(Akron/Tire Review) AFX News reported that international automotive supplier Continental AG will raise prices this year as a result of high raw material costs.
Manfred Wennemer, CEO of Continental AG, reportedly told journalists in Frankfurt of a likely 5% price increase but did not set a date for the increase to take effect.