Continental says cannot rule out tyre price hikes

Newswire

HANOVER, April 25 (Reuters) - Continental AG does not rule out raising prices at its tyre divisions due to higher raw material costs such as for natural rubber, finance chief Alan Hippe told journalists on the sidelines of its annual shareholder meeting. Despite the slowdown in the U.S. economy, Hippe said on Friday that the situation was more robust than thought and Continental's car tyre business was developing pleasingly in the Americas. Having had to pull plans for a 1.5 billion-euro ...

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