In the second quarter of 2011, Continental's tires in the Asia-Pacific region will also increase the sales price of replacement tires for passenger cars and light trucks as well as trucks and buses. The Continental Group's German brand tires have the highest price increase for passenger cars and light truck tires by 5%, and the highest prices for trucks and passenger car tires by 6%. The price of other tire brands under the Continental Group has been raised by up to 9%. The specific price increase and price increase time will be notified in the local market. The price of raw materials such as natural rubber has hit a record high, and rising costs have led to an increase in the price of tires to partially relieve rising cost pressures.
The world's leading automotive supplier, Continental Group, has sales revenues of more than 25.5 billion Euros in 2010. Its business areas include: tires, brake systems, power systems and chassis parts, meters, automotive information and entertainment systems, automotive electronic systems and industrial rubber materials. Continental Group has always been committed to improving driving safety and global environmental protection. At the same time, Continental Group is also a first-class partner in the field of automotive network communications. At present, the German Continental Group employs approximately 149,000 people and operates in 46 countries.
Continental Group's German brand tires are the market leader in European car and light truck tires. More than one-third of the new European cars are equipped with German-branded tires produced by the Continental Group. The Tires Division will sponsor the 2014 World Cup in Brazil. For more information, visit
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