Black Figures Are General Tire’s Aim
Sales are up in the year 2000 and profits have gone like snow in the sun. That, in short, describes the present situation of Continental General Tire in North America. But red figures are not an option.
Bernd Frangenberg (59) President and CEO of CGT, vigorously denied the possibility that he could be forced to inform the parent company about red figures at the end of the year. All the necessary actions have been taken to make sure that CGT remains profitable even in a difficult climate, Frangenberg declared Tyres & Accessories. Continental General Tire employs 9000 people and runs 5 factories in the US and 2 in Mexico.
Last year’s turnover was about 1.5 bn Euro..