Continental AG
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| Continental AG | |
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| Type | Public (OTCBB: CTTAY) |
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| Founded | 1871 |
| Headquarters | Hannover, Germany |
| Key people | Manfred Wennemer, Chairman |
| Industry | Manufacturing |
| Products | Tires, automobile parts |
| Revenue | $17.9 Billion USD (2005) |
| Employees | 85,000 (2005) |
| Website | www.conti-online.com |
Continental AG, or Conti for short, is a manufacturer of tires, brake systems, vehicle stability control systems, and other automobile parts based in Hannover, Germany. The company was founded in 1871 as a rubber manufacturer. It is among the Top 10 first tier automobile supplier in the world.
Continental has four divisions:
- Passenger Car and Light Truck Tires
- Commercial Vehicle Tires
- ContiTech
- Continental Automotive Systems (CAS)
ContiTech has different business units and produces drive belts, air springs, conveyor belts, car interior foils, fluid hoses and vibration control modules. Continental Automotive Systems is the largest division and its products include brakes, electronic stability programs and electronic components for automobiles. Continental sells tires in North America under the 'Continental','General' 'and' 'Euzkadi' brand names. Continental's biggest customers are automakers such as Volkswagen, DaimlerChrysler, Ford, BMW, General Motors, Toyota, Honda, Renault and Porsche.
In 2001 Continental acquired a controlling interest in Temic, DaimlerChrysler's automotive-electronics business, which is now part of Continental Automotive Systems. The company also purchased German automotive rubber and plastics company Phoenix AG in 2004, and the automotive electronics unit of Motorola in 2006.
The North American headquarters of the tire divisions are located in Charlotte, North Carolina. The North American headquarters of the CAS division are located in Auburn Hills.
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Adidas | Allianz | Altana | BASF | Bayer | BMW | Commerzbank | Continental | DaimlerChrysler | Deutsche Bank | Deutsche Börse | Deutsche Post | |
