UPDATE 1-Continental, Doublestar to form China tyre venture

Newswire

(Adds details, background, changes dateline from FRANKFURT) HANOVER, Germany, Sept 21 (Reuters) - German automotive supplier Continental has signed a memorandum of understanding with Chinese tyre maker Doublestar with a view to forming a joint venture in 2005. Continental, the world's fourth-largest tyre maker, said in a statement on Tuesday it intended to take a majority stake in the joint venture, Continental Doublestar Co. Ltd. The companies were aiming significantly to increase ...

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