Continental AG to up investment in U.S. tire site

Newswire

FRANKFURT, June 29 (Reuters) - German automotive parts maker Continental AG plans to increase its investment in its U.S. plant in Mount Vernon, Illinois, by a further $78 million to boost commercial tyre production for the local market. "Ultimately, we will manufacture 90 percent of Continental Tire North America's (CTNA) total commercial production for the U.S. right here in our Mt. Vernon facility," Executive Vice President of Commercial Vehicle Tires Tom Roydhouse said in a statement. ...

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