HANOVER, Germany (March 10)—Continental A.G. reported a slight increase in sales last year to $10.7 billion with the sales gain coming entirely in its automotive systems division. Sales in the passenger tire unit fell 6 percent last year, while the commercial vehicle tire and ContiTech industrial products divisions reported slight sales declines. The company didn't report earnings at this time. The automotive systems division posted a 14.6-percent sales gain to $4.31 billion, because of overall growth and the 12-month consolidation of results from the Continental Temic vehicle electronics business, Continental said. Passenger tire division sales fell to $3.56 billion because of lost sales from the divested British retail chain National Tyre Service and weak replacement market business in the U.S. and Mexico. Commercial tire sales fell to $1.24 billion, while ContiTech's sales dropped to $1.66 billion, largely because of the sale in the past year of some minor business units.
Continental's sales rise slightly last year
Rubber 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].