Continental Is Eyeing Delphi, Dana, Hippe Says

(Akron/Tire Review) In an interview with German newspaper Euro am Sonntag, Continental AG CFO Alan Hippe said his company is interested in acquiring some assets of beleaguered automotive suppliers Delphi Corp. and Dana Corp.

By Tire Review Staff
March 17, 2006

“Some of the assets of Delphi and Dana could be interesting,” Hippe said in the interview. “But a takeover of the whole company is out of the question.”

Hippe told the newspaper, according to an AFX News report, that Continental has a “war chest of about 4 billion euros available for any acquisitions.”

Hippe, who is also president and CEO of Continental Tire North America, also told the newspaper that reaching breakeven in North America in 2006 is a “real challenge, but is also not completely impossible.”

What a Steady Market Means for OTR Tire Dealers

Triangle Tire’s OTR Director Stephen Reynolds gives us the details on the current state of demand, as well as where he sees the market heading as we approach 2024.

By David Sickels
September 19, 2023

Reading the tea leaves is never simple for an OTR tire dealer. With the market so closely tied to typically cyclical industries like construction, mining, agriculture and forestry, many OTR tire dealers will tell you they've experienced their fair share of both feast and famine.

So far this year, though, the OTR tire market has been relatively steady, according to Triangle Tire's OTR Director Stephen Reynolds.