Conti Misses Mark in China Sales
(Akron/Tire Review) Continental AG fell short of its stated 2006 sales goal in China, posting 230 million euro in sales, according to China Business News. Conti had established a goal of 350 million to 400 million euro in sales of its automotive systems products.
The sales figures do not reflect products made in China and exported, the report said.
Conti has a 50/50 joint venture with Shanghai Automotive Industry Corp., and has announced plans to build two technology centres in China this year.