Continental Looking for Tire Business Partner
German automotive supplier Continental AG has hired an investment bank to help it find potential partners for its tire and rubber business, a source close to the situation said on Wednesday. "It is less a question of selling it than of finding possible partnerships," the source said. The source was responding to a
Continental Looking for Tire Unit Buyer
Financial Times Deutschland has reported that Continental AG may be actively looking to sell off its tire and ContiTech units. The report said that Conti may have hired an investment bank to seek out potential buyers, citing unnamed people close to the situation. The move may stem from reports by Handelsblatt that Conti may have
John Sanderson Retires from Continental’s North American Operations
John Sanderson has retired from Continental, effective June 1. Sanderson joined Continental in connection with Continental’s acquisition of Siemens VDO Automotive last fall, where he was president and CEO of the firm’s North American operations. In his role as President and CEO of Siemens VDO Automotive Corp., a position he was appointed to in 2000, Sanderson had responsibility for Siemens VDO’s North and South American business and profitability initiatives.
Continental AG to Invest $78 million in U.S. Tire Facility to Expand Capacity
Continental AG said it plans to invest $78 million in its Mt. Vernon, IL tire factory to expand its capacity and help meet strong U.S. demand. The investment will pay for tire building and storage equipment for commercial vehicle tires and building space to house the equipment, the German automotive supplier said in a statement.
Continental AG Plans Sale of U.S. Tire Factory
Auto parts supplier Continental AG plans to sell a tire factory in Ohio as part of its campaign to focus on core businesses, a company spokesman said on Monday. Talks are under way on selling the Bryan, Ohio, plant, which employs nearly 300 people and makes special tires for heavy trucks used in quarries and pits, the spokesman said without elaborating.
Bridgestone and Continental to Join Forces to Develop Advanced Tire-Pressure Monitoring System for Commercial Vehicles
Bridgestone Corp. and Continental AG have announced that they will join forces to develop an advanced tire pressure monitoring system for commercial vehicles. The two companies aim to begin mass-producing the system in 2007.
Cal Ganda’s Continental Journey: From Manufacturing to Aftermarket Leadership
As Head of Aftermarket Distribution at ContiTech Industrial Solutions Americas, Cal embodies servitude leadership, prioritizing team success and customer-centricity.
Continental Appoints New ‘Head of Region’ for the US, Canada
In this role, Rob Schroeder will oversee all of material handling, port, earthmoving and agriculture tire business in the US and Canada.
ContiConnect Lite to Allow Digital Tire Management for OTR tires
Continental said ContiConnect Lite helps fleet managers monitor the condition of their tires via bluetooth.
Continental Celebrates Expansion in South Carolina
The 90,000-square-foot-building has capacity for 350 employees and is designed and built for future expansion potential.
