ContiTech wins global VW hose order

HANOVER, Germany (July 19)—Continental A.G.´s ContiTech Fluid GmbH business unit has won an order from Volkswagen Audi Group to supply air-conditioning hose assemblies for the Skoda Felicia, Volkswagen Polo and Audi A2 models worldwide. ContiTech did not disclose the value of the contract. Volkswagen sold more than 430,000 Polo and Felicia models in Europe last year; the A2 went into production late in 1999. With about 5,600 employees, ContiTech reported sales in 1999 of $587 million from the supply of hoses and hose assemblies for power steering, air-conditioning, brake, air, hydraulic and fuel supply systems.