Weak sales a problem at Continental truck tyres ops

Newswire

FRANKFURT, April 29 (Reuters) - German tyre maker Continental said on Tuesday the problem with its truck tyres business was its weak sales, and reaffirmed its pledge to divest it should it not reach the group's targeted returns. "I don't expect a major restructuring since we've already done a lot on the cost side," Chief Financial Officer Alan Hippe told a conference call with analysts. While a sale of the business is not "right in the door", he added that a divestment would come "sooner ...

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