FRANKFURT, March 27 (Reuters) - Continental AG , the world's fourth largest tyre maker, defended the closing of its two highest-cost production plants in Germany and France, citing a severe drop in demand that lacked precedent. "We are facing an unparalleled crisis in the tire markets. The sharp downturn is unfortunately long term, and it will take many years before the market has returned to the level of 2008," Chief Executive Karl-Thomas Neumann said in a statement on Friday. ...
Premium Content (PAID Subscription Required)
"Years needed for tyre market recovery -Continental" 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
Lisa Williamson by email: email@example.com or phone: (248) 799-2642