160,000 Tyres To Be Replaced By Continental
Continental General Tire will replace 160,000 Contitrac AS MXS tyres, size P245/75R16, of which 140,000 were mounted on Ford’s Lincoln Navigator and 20,000 were delivered into the aftermarket. The tyres were produced in the Mayfield factory (Kentucky/USA) between January 1997 and 11th week of 1998. In 62 cases faults have been revealed, some tyres have suffered tread separations in remarkably similar circumstances to the current recall of Firestone tyres: the incidents occurred in Saudi-Arabia, where Firestone tyres have been under scrutiny, and again a Ford vehicle – the Lincoln Navigator – was affected.
Up till now it is known that two people have been hurt in accidents, which could have been caused by tyre defects. The Stock Exchange Responds Quickly To The Tyre Recall From Continental. Within a few hours, Conti-shares lost around 8 % of their value.