Auto Industry
Industry: Email Alert RSS FeedInternational.(Continental AG plans new facilities)
Tire Business, December, 2007
Conti picks Hefei site for first China tire plant
HANOVER, Germany-Continental A.G. has selected a site in Hefei, China, for its first tire plant in that nation, ending a several-year search for a factory there.
Conti has budgeted $216 million to build the passenger and light truck tire plant, with construction to begin in mid-2008 and production to start early in 2010, the firm said.
Conti intends to make premium Continental brand tires at the site, which will have an annual capacity of 4 million tires destined for domestic distribution.
The decision follows by a few months Conti's opening a 64,560-sq.-ft. tire distribution center in Shanghai to service the Chinese market. The center can accommodate up to 80,000 passenger and truck...
Brought to you by CBS MoneyWatch.com
- Best- and Worst-Paid College Degrees
- 6 Things You Should Never Do on Twitter or Facebook
- How Much Sleep Do You Really Need?
- 6 Big Myths about Gas Mileage
- 5 Rules for Immediate Annuities
- Death in the Family: 12 Things to Do Now
- Dumbest Things You Do With Your Money
- 6 Online Networking Mistakes to Avoid
- 401(k) Mistakes to Avoid
- 5 Economic Scenarios to Keep You Up at Night
- The Real ‘Best Places to Retire’
- Best Credit Cards for You
- 12 Tough Questions to Ask Your Parents
- The Real ‘Best Colleges’
- Home Buyer Tax Credit: How to Cash In
- Why You Shouldn't Bash Cash
- 8 Phony 'Bargains' and Better Alternatives
- Danger: 3 Debit Card Scams to Avoid
- 6 Myths About Gas Mileage
- 29 Fees We Hate Most
- Quick and Easy Ways to Boost Returns
- Best Stocks to Buy Now
- Lower Your Taxes: 10 Moves to Make Now
- New Jobs: 8 Lessons from Real-Life Career Switchers
- The New Job Market: Who Wins and Who Loses?
- Health Care Reform's Public Option: Everything You Need to Know
- Volunteer Work When Unemployed: Should You Work for Free?
- Whose Recovery Is This?
- Long-Term-Care Insurance: 4 Biggest Risks to Avoid
