Conti Moving R&D to Mt. Vernon
(Akron/Tire Review) Radio station WJBD in Salem, Ill., has reported that Continental Tire North America will move its North American research and development operations from Charlotte, N.C., to its plant in Mt. Vernon, Ill.
USW Files Suit Against CTNA Disputing Retiree Health Plan Changes
(Akron/Tire Review) The United Steelworkers has filed a class action lawsuit against Continental Tire North America (CTNA) in a dispute over retiree medical benefits.
CTNA Appoints New Manager, PR and Communications
(Akron/Tire Review) The PLT replacement sales and marketing group of Continental Tire North America Inc. (CTNA) has appointed Dana Zamalloa manager, public relations and communications.
Conti Considers Price and Dividend Increase
(Clacton, U.K./Tyres & Accessories) Continental AG chief executive Manfred Wennemer has admitted that Conti is considering paying larger dividends and also giving out a special dividend for the 2006 business year to reduce its cash reserves.
TIC Becomes TyreSafe
(Clacton, U.K./Tyres & Accessories) From January 2007, the Tyre Industry Council (TIC) will be known as TyreSafe.
Conti Execs Share Perspective on the CV Tyre Market
(Clacton, U.K./Tyres & Accessories) The last year saw the gap between the premium and budget CV tyre markets widen as cost conscious fleet managers have opted for lower-priced imported tyres.
Investor: Conti Takeover Project Dead
(Clacton, U.K./Tyres & Accessories) An investor involved in takeover negotiations with Continental earlier this year (Philipp Schoeller of General Capital Group) has denied he has any interest in pursuing the plans again.
Any Deal for Conti Dead, Group Says
(Akron/Tire Review) Reuters reported that General Capital Group “flatly denied” interest in being part of a rumored acquisition of Continental AG.
Conti Upping Prices in Canada
(Akron/Tire Review) Continental Tire Canada Inc. plans to increase prices of its Canadian replacement market tires by up to 8% as of Jan. 1.
Regulating Winter Safety
(Longueuil, Quebec/Tyre News) Road salt works by lowering the freezing point of water.