HANOVER, Germany (April 12)—Continental Tire North America Inc. fell $291 million into the red last year on an operating basis as the company took one-time charges to cover closing a Mexican plant and writing down fixed assets, but the company sustained earnings improvement this year as it benefits from restructuring measures. Conti's sales in North America fell 4.4 percent to $1.56 billion—due in large part to the marked decline in North American vehicle production—although Conti claims it picked up market share. Conti's tire production in North America was down markedly: passenger car tire output fell 6 percent to 27 million units, and commercial vehicle tire production was down 11 percent to1.8 million units.
Conti's N.A. unit posts $291 million operating loss
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