Continental
Continental AG's planned spinoff of its automotive unit will make the business more nimble as it adapts to shorter vehicle development cycles and increased competition, executives said.
Continental's plan to restructure around its tire and industrial rubber activities will include divesting the automotive original equipment solutions business within the ContiTech industrial rubber business unit.
Continental has approved plans to spin off the company's automotive group sector — which represents nearly half of the firm's annual sales revenue — and refocus on tires and rubber goods
Continental A.G. is increasing the proportion of recycled materials in its tires as more plants are converted to use polyester fabric made from recycled polyethylene terephthalate (PET) bottles.
Hoosier Racing Tires' TrackAttack Pro extreme-performance summer tire line was the just the first of a number of consumer-facing product launches the company has in the pipeline.
Continental Tire the Americas has named Ashok Vedanayagam as the head of marketing for passenger and truck tires for North and South America.
Continental is boosting production capacity by 3 million units annually at its tire factory in Rayong, Thailand.
Six major tire makers sued earlier this year over allegations of price-fixing allegations have asked a federal judge to dismiss those cases.
The extreme performance TrackAttack Pro summer tire is available in 46 sizes.
Continental Tire the Americas plans to build a $69 million facility in southern Fort Worth, which the company said is its first fully owned tire distribution center in the U.S.