UPDATE 1-Continental AG to buy into Sime tyre unit

Newswire

(Updates with signing, adds quotes) KUALA LUMPUR, Feb 26 (Reuters) - Germany's Continental AG , the world's fourth-largest tyre maker, said on Wednesday it had bought 30 percent of the tyre unit of Malaysian conglomerate Sime Darby's for $31 million. Continental has the option of buying a further 21 percent in Sime's SDC Tyre Sdn Bhd by 2005, giving it control of the Malaysian company and access to the nine other markets of the Association of South East Asian Nations (ASEAN). "Together ...

Premium Content (PAID Subscription Required)

"UPDATE 1-Continental AG to buy into Sime tyre unit" is part of the paid WardsAuto Premium content. You must log in with Premium credentials in order to access this article. Premium paid subscribers also gain access to:

  All of WardsAuto's reliable, in-depth industry reporting and analysis
  Hundreds of downloadable data tables including:
  •   Global sales and production data by country
  •   U.S. model-line inventory data
  •   Engine and equipment installation rates
  •   WardsAuto's North America Plant by Platform forecast
  •   Product Cycle chart
  •   Interrelationships among major OEMs
  •   Medium- and heavy-duty truck volumes
   •  Historical data and much more!


For WardsAuto.com pricing and subscription information please contact
Amber McLincha by email: amclincha@wardsauto.com or phone: (248) 799-2622
 

Current subscribers, please login or CLICK for support information.

WardsAuto Blogs
Aug 21, 2014
blog

Michigan, Great Lakes Region Still Core of North American Production

The Great Lakes Region is well-positioned to remain a North American production hub for years, perhaps well into the next decade....More
Aug 19, 2014
blog

Dodge Undergoes Brand ‘Purification’

The brand moves from overall mainstream to so-called mainstream-performance....More
Aug 15, 2014
blog

Is Your Classic Car Worthy of Historical Register?

“If we had a local fruit truck from Birmingham here or local delivery truck that is still around, a local firetruck, that’s every bit as important as the Washington Monument on the national level. It’s all part of our heritage, and heritage starts local," Mark Gessler says....More

Sponsored Introduction Continue on to (or wait seconds) ×