HANOVER, Germany (Oct. 30)—Continental Tire North America posted a $21.5 million operating loss in the third quarter on the combined effects of falling demand, sustained price pressures, increased materials and energy costs and operating inefficiencies, parent company Continental A.G. said. Sales fell in the quarter to $409 million, contributing to a 4.9-percent drop in nine-month sales to $1.17 billion. The nine-month operating loss was $68.9 million vs. earnings of about $24 million a year earlier.
Continental Tire North America reports third-quarter loss
Letter
to the
Editor
Rubber & Plastics News wants to hear from its readers. If you want to express your opinion on a story or issue, email your letter to Editor Bruce Meyer at [email protected].