New Products Pad Out Alliance Range
Alliance Tire has added new products to its agricultural and agro-industrial line-ups.
Schaeffler: Conti Share Sale ‘Cannot be Ruled Out’
Maria-Elisabeth Schaeffler, the joint owner of the ball bearing manufacturer in control of 90% of Continental AG, may sell some of the company’s Conti shares.
Opening Day Brings Tire Rollouts
Opening day of SEMA 2008 was a busy one in the South Hall, with a number of key tire introductions rolled out by exhibitors.
European End of Life Tyre Recovery Now Above 91%
The ETRMA has confirmed that, last year, the European recovery rate for end of life tyres exceeded 91%, a rate more than 4% higher than the previous year.
Tough Times Are No Time to Turn Off Your Marketing
Tire dealers who aren’t using all of the marketing tools available to them probably aren’t selling all of the tires and vehicle service that they could. To be sure, many marketing tools add expense, and in these tough times no dealer wants to add to the operating line. But there are many solid, no- or
Smaller Demand: With Vehicle Downsizing, Large Wheels Are Tough to Sell
A few years ago, you could buy a 20-inch chrome-plated wheel from China for $125. Now that the Chinese government has reduced or removed subsidies to those wheel manufacturers and the U.S. dollar has lost value, those days are about gone. This article was planned a year ago, but I had no idea how much
Is Debt Load Pushing Schaeffler Changes?
Bloomberg reported this morning that Schaeffler Group, which is now a major stakeholder in Continental AG, is considering a change in its “legal status” that will allow outside investors.
KKR, Bain and Allianz to Bid for Conti’s Tyre Unit
A group of three private equity firms are reportedly planning takeover offers for Continental AG’s tyre and rubber units.
Conti Renews Business Relationship with VW and Audi Canada
Continental Tire Canada has renewed its business relationship with Volkswagen Canada and Audi Canada.
Schaeffler May Sell a Quarter of Conti
The German Schaeffler Group, which currently owns 90% of Continental AG, may sell up to a quarter of the tyre and automotive supplier to investors in order to lift the financial burden of its so-called stealth takeover.