Continental AG raises 2011 sales aim on price hikes

Newswire

FRANKFURT, July 29 (Reuters) - Continental AG raised its full-year outlook for sales and profitability as price increases helped it offset rising raw material costs. The Hanover, Germany-based supplier of auto parts and tyres said on Friday it now expects 2011 sales to reach 29.5 billion euros ($42.36 billion), compared with a previous outlook for 28.5 billion euros with an adjusted operating margin of about 10 percent. At the same time, it said it now expected its tyres business to ...

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