Hippe Expects CTNA Losses Again in 2006

(Akron/Tire Review) Continental AG expects its U.S. operations to continue losing money at least through this year, according to an interview by Euro magazine with Alan Hippe, Continental’s CFO and president of Continental Tire North America (CTNA).

Published: May 24, 2006

“It could be possible that losses will be made again in 2006,” Hippe told the magazine. Hippe also suggested that rising raw material costs could hamper CTNA even more.

He did tell the magazine that, for the first quarter of 2006, CTNA’s loss was lower than for the same period in 2005. Hippe attributed the gain to increased sales of higher margin replacement passenger and light truck/SUV tires.

In the interview, Hippe denied reports that Continental intends to close its Charlotte, N.C., tire plant. “We have not yet reached a decision to cut around 500 jobs by early July. We will not close the manufacturing site,” he said.

Radar Tires signs multi-year contract with Singapore Golf Association

Omni United said this partnership with SGA is part of its commitment to nurturing upcoming talent in Singapore.

By Christian Hinton

Published: May 16, 2024

Omni United, under its flagship, Radar Tires brand, has signed a multi-year contract with the Singapore Golf Association (SGA). Under this partnership, touring professionals who have previously represented Singapore at an elite amateur level and recently turned professional will receive financial support for their training and competition-related expenses as they embark on the early stages of their professional careers, Omni United said.