Continental adjusts prices for car tires in response to very high price level for natural rubber
In the European replacement market, prices for summer tires for cars are set to increase by an average of 5% / The new prices will come into effect in all countries until 1st January 2011
In Germany too the average price rise of 5% will apply to all car tire brands belonging to the Continental Group and will be effective from 1st January 2011.
Natural rubber accounts for over 40% of a tire, making it one of the most important raw ma-terials in tire manufacture - even though Continental is working vigorously to find alternatives to gradually replace it, without having to sacrifice performance characteristics in the process.
About Continental Reifen Deutschland GmbH
With sales of approximately €20 billion in 2009 Continental is among the leading automotive suppliers worldwide. As a supplier of brake systems, systems and components for powertrains and chassis, instrumentation, infotainment solutions, vehicle electronics, tires and technical elastomers, Continental contributes enhanced driving safety and global climate protection. Continental is also a competent partner in networked automobile communication. Continental currently employs approximately 143,000 employees in 46 countries.
Continental is the European market leader for passenger and light truck tires. More than 30 percent of all new European cars leave the factory fitted with Continental tires. The tire divisions are an official sponsor of the 2014 FIFA World Cup in Brazil. For further details, please go to www.ContiSoccerWorld.com.