HANOVER, Germany (Oct. 18)—Continental Tire North America Inc. plans to suspend tire production for as much as a week during November. A probable "nosedive" in North American car and light truck output in the fourth quarter is behind the action, said parent company Continental A.G. The move could affect one or more plants and cut the U.S. tire maker´s original equipment tire output by nearly 15 percent, about 500,000 tires, Conti said. "The attacks in New York and Washington have had an unsettling effect on vehicle buyers in the U.S.," Conti said. The company expects retail sales to consumers will stabilize after having slumped in the days immediately following the Sept. 11 events in the U.S. Continental Teves North America, Conti´s brake and chassis systems business based in Auburn Hills, Mich., also is reducing costs as a result of the expected slow down in U.S. vehicle production, Conti said.
Conti to halt tire production in N. America for a week
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