Continental AG may offset raw material costs in '08

Newswire

FRANKFURT, Oct 30 (Reuters) - German tyre and car parts maker Continental AG is confident it can offset rising raw material costs next year stemming mainly from higher prices for oil and natural rubber, its finance chief said on Tuesday. Speaking to Reuters, Alan Hippe added that its better products at its truck tyre business should help it to close the 17-18 percent pricing gap with larger rival Michelin , allowing Continental's smallest division to post double-digit operating profit ...

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