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41-486: Hoosier Tire was purchased by Continental AG on October 4, 2016. The tire company was purchased for a total nearing $ 140 million. Following the purchase, 31–year veteran John DeSalle was named president. Following DeSalle's retirement in 2020, Joerg Burfien was named president and CEO. Hoosier Racing Tire was founded in 1957 in Lakeville, Indiana by stock car racer Robert Newton, and Joyce Newton. Newton wished to design

82-540: A Commercial Tire plant in Clinton, Mississippi , with an investment totaling approximately $ 1.4 billion and employing 2,500 people when the plant reaches full capacity in the next decade. In October 2016, CTA purchased Hoosier Racing Tire . Continental was one of the companies bidding to work with General Motors to provide the battery pack for the Chevrolet Volt extended-range electric vehicle (E-REV). It

123-476: A PACE (Premier Automotive Suppliers' Contribution to Excellence) Award for its Digital Micromirror Head-Up Display technology. Along with Audi , Continental also received an Innovation Partnership Award for their Safety Domain Control Unit (SDCU). In 2020, Continental won an inaugural PACEpilot award for its Virtual A-Pillar technology that helps to eliminate forward blind spots. PACEpilot is an offshoot of

164-440: A competing type of rubber based on ethylene dichloride . In 1935, German chemists synthesized the first of a series of synthetic rubbers known as Buna rubbers . These were copolymers , meaning the polymers were made up from two monomers in alternating sequence. Other brands included Koroseal , which Waldo Semon developed in 1935, and Sovprene , which Soviet researchers created in 1940. Production of synthetic rubber in

205-453: A controlling interest in Temic, DaimlerChrysler 's automotive-electronics business, which is now part of Continental Automotive Systems. The company also purchased German automotive rubber and plastics company Phoenix AG in 2004, and the automotive electronics unit of Motorola in 2006. Continental acquired Siemens VDO from Siemens AG in 2007. Also in 2007, the company began to construct

246-672: A faster tire compound to gain an advantage against fellow racers. This was done by retreading street tires in order to obtain a compound that would adequately gain enough traction. Using an abandoned barn in South Bend, Indiana to start his business, he began sales to local racers. The Hoosier logo is colored after Newton's race car at the time which was purple. The founder of Hoosier Racing Tire, Robert Newton, died in 2012, aged 85, at his home in Lakeville, Indiana . His wife and co–founder, Joyce Newton, died aged 85 on January 16, 2018. Continental Tire produces most motorsport–related tires at

287-694: A new chip architecture for object recognition in real time based on artificial intelligence . In December 2021, as a result of a diplomatic spat between Lithuania and China over Taiwan and human rights , China pressured Continental AG to stop doing business with Lithuania. In April 2022, Continental resumed production of tires in Russia despite International sanctions during the Russo-Ukrainian War due to 2022 Russian invasion of Ukraine . In February 2024, Continental AG cut around 7,150 positions in its auto unit. The Interior Division

328-513: A partnership to be the Tour de France official tire sponsor till 2027. On 13 November 2020, it was announced that Nikolai Setzer would take over as CEO following the short-notice resignation of Elmar Degenhart. In February 2021, Continental announced that it acquired a minority stake in Recogni, a German-U.S. start-up , to advance its autonomous driving technology . The start-up is working on

369-478: A plant in Costa Rica to produce powertrain components for North America. The plant was to open in two phases and ultimately employ 550 workers. In 2008, Continental appeared overextended with its integration of VDO and had since lost almost half of its market capitalisation when it found itself to be the hostile takeover target of the family-owned Schaeffler AG . By 2009, Schaeffler successfully installed

410-603: A press release on the 30th, from the company. The total transition was $ 1.6 billion. The company will divest Veyance's NAFTA air springs business in Mexico and its Brazilian steel-cord belting business in response to some of the concerns raised by antitrust authorities, the release said, employing about 600 people work in those operations. Synthetic rubber A synthetic rubber is an artificial elastomer . They are polymers synthesized from petroleum byproducts. About 32 million metric tons of rubbers are produced annually in

451-528: A protracted standoff , Continental agreed to be taken over by the Schaeffler Group in a deal that valued the company at approximately €12 billion. Schaeffler in return agreed to limit its position to less than 50% for a period of four years and support Continental's ongoing strategy. This arrangement was overseen by former German Chancellor Gerhard Schroeder . Continental's CEO Manfred Wennemer , who had opposed Schaeffler's offer, resigned and

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492-537: A research and development arm in the tech-heavy Silicon Valley, where, among other things, the company focuses on developing technologies supporting autonomous driving vehicles. From 2002 through 2005, the subsidiary sponsored a new college football bowl game in Charlotte, North Carolina , known for three playings as the Continental Tire Bowl at Bank of America Stadium . At the time, Continental

533-622: A single standard coin cell, and an innovative vehicle-mounted RF transceiver , was developed together by Honda and Continental, and was debuted on the Acura MDX in 2013 and was quickly followed by the Acura TLX and Acura RLX in 2014. In 2015, Continental AG was honored with two PACE Awards for its Bare Die High-Density-Interconnect (BD-HDI) Printed Circuit Board Substrate Technology for Transmission Electronics and its Multi-application Unified Sensor Element (MUSE). In 2018, Continental won

574-435: Is also a synthetic elastomer composed of silicone polymers. Silicone rubbers are widely used in industry, and there are multiple formulations. Silicone rubbers are often one- or two-part polymers, and may contain fillers to improve properties or reduce cost. Silicone rubber is generally non-reactive, stable, and resistant to extreme environments and temperatures. Natural rubber , coming from latex of Hevea brasiliensis ,

615-522: Is commonly used in tyre inner tubes or linings owing to its resistance to diffusion of air through the lining. It is a much less resilient material than cis- polybutadiene which is frequently used in tyre sidewalls to minimize energy losses and heat build-up. It is so resilient that it is used in super balls . An elastomer widely used for external sheet such as roof coverings is Hypalon or chlorosulphonated polyethylene . Synthetic rubbers like EPR can also be used for electrical insulation. Silicone rubber

656-480: Is mainly poly- cis - isoprene . Synthetic rubber, like other polymers , is made from various petroleum-based monomers . Some synthetic rubbers are less sensitive to ozone cracking than natural rubber. Natural rubber is sensitive owing to the double bonds in its chain structure, but some synthetic rubbers do not possess these bonds and so are more resistant to ozone cracking. Examples include Viton rubber, EPDM and butyl rubber . A new class of synthetic rubber

697-504: Is organised under the following five business units: Body & Security is leading the development of vehicle electronics and cabin control systems, with R&D locations in Germany, United States, China, Singapore, Mexico, India, and many other locations around the world, allowing a global reach to nearly every market region. When Continental decided to purchase ITT Industries ' brake and chassis business for $ 1.93 billion in 1998,

738-404: Is the primary contractor for a system using lithium-ion batteries from A123 Systems . General Motors instead signed a contract to assemble packs with cells purchased from Compact Power . Continental continues to look at developments and innovation in the field of Automotive electrical-energy storage systems. These include developing solutions for gasoline and diesel driven engines as well as

779-636: The Nazi Party in their factories in the 1940s at Hannover-Stöcken, Hannover-Limmer, Hannover-Ahlem, and others, all offshoots of the Neuengamme concentration camp . Continental teamed up with FATE in 1999 for the production of tires for cars, trucks, and buses in Argentina and exportation of the San Fernando plant's production to the rest of South America. In 2001, Continental acquired

820-666: The Plymouth, Indiana tire plant, carrying the Hoosier, Continental , and General Tire tire brands. This United States manufacturing company–related article is a stub . You can help Misplaced Pages by expanding it . Continental AG Continental AG , commonly known as Continental or colloquially as Conti , is a German multinational automotive parts manufacturing company that specializes in tires , brake systems , vehicle electronics , automotive safety , powertrain , chassis components , tachographs , and other parts for

861-830: The Schkopau (50,000 tons/yr) plant and the Hüls synthetic rubber plant near Recklinghausen (30,000, 17%), and the Kölnische Gummifäden Fabrik tire and tube plant at Deutz on the east bank of the Rhine. The Ferrara , Italy, synthetic rubber factory (near a river bridge) was bombed August 23, 1944. Three other synthetic rubber facilities were at Ludwigshafen/Oppau (15,000), Hanover/Limmer (reclamation, 20,000), and Leverkusen (5,000). A synthetic rubber plant at Oświęcim , in Nazi-occupied Poland,

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902-560: The American Wallace Carothers and the German scientist Hermann Staudinger led in 1931 to one of the first successful synthetic rubbers, known as neoprene , which was developed at DuPont under the direction of E. K. Bolton . Neoprene is highly resistant to heat and chemicals such as oil and gasoline , and is used in fuel hoses and as an insulating material in machinery. The company Thiokol applied their name to

943-624: The Bidirectional Long Range Communications (BLRC) System, developed by the Body and Security Team in the Interior Division. The Radio Frequency Device , helps the car user to operate a remote control key fob from more than half a kilometer away, to start the engine and climate control function, while receiving feedback from the vehicle (such as locked/unlocked). The Radio Frequency System , powered by

984-772: The Continental brand. It also produces and sells other brands with more select distribution, such as Viking (limited global presence), General Tire (U.S./Canada), Gislaved Tires (Canada, Spain, Nordic Markets), Semperit Tyres, Barum to serve EU & Russia. Other brands are Uniroyal (Europe), Sportiva, Mabor and Matador and formerly Sime/Simex tyres (now Dunlop Tyres Malaysia, Singapore and Brunei). Continental's customers include all major automobile, truck and bus producers, such as Volkswagen , Daimler AG , BharatBenz , Ford , Volvo , Iveco , Schmitz , Koegel , Freightliner Trucks , BMW , General Motors , Toyota , Honda , Renault , PSA and Porsche . Continental

1025-904: The Nazis came to power in Germany in 1933, all members of the Board of Management as well as the authorized signatories and directors of the second management level were obliged to join the Nazi party, the Works Council was purged of "opponents of the regime," and all Jewish members of the Supervisory Board were forced to resign. As early as the end of 1933, the Executive Board said Continental was now "a Christian and purely German company". As with many other German companies during World War II , Continental used slave labor provided by

1066-777: The United States expanded greatly during World War II since the Axis powers controlled nearly all the world's limited supplies of natural rubber by mid-1942, following the Japanese conquest of most of Asia, particularly in the Southeast Asian colonies of British Malaya (now Malaysia ) and the Dutch East Indies (now Indonesia ) from where much of the global supply of natural rubber was sourced. Operation Pointblank bombing targets of Nazi Germany included

1107-642: The United States, and of that amount two thirds are synthetic. Synthetic rubber, just like natural rubber , has many uses in the automotive industry for tires , door and window profiles, seals such as O-rings and gaskets , hoses , belts , matting , and flooring . They offer a different range of physical and chemical properties which can improve the reliability of a given product or application. Synthetic rubbers are superior to natural rubbers in two major respects: thermal stability, and resistance to oils and related compounds. They are more resistant to oxidizing agents, such as oxygen and ozone which can reduce

1148-491: The automotive and transportation industries. Continental is structured into six divisions: Chassis and Safety, Powertrain, Interior, Tires, ContiTech, ADAS (Advanced Driver Assistance Systems). It is headquartered in Hanover, Lower Saxony . Continental is the world's third- largest automotive supplier and the fourth-largest tire manufacturer. Continental sells tires for automobiles, motorcycles , and bicycles worldwide under

1189-710: The country. After a class-action lawsuit, the company and United Steelworkers union, representing the retirees, agreed to a settlement whereby the company would continue to fund benefits. Later that year, it announced it would cease tire production in Charlotte and would close its tire production plant in Mayfield, Kentucky . In 2011, CTA announced that it would build a plant in Sumter, South Carolina . The plant will cost about $ 500 million and employ 1,600 workers by 2020. In February 2016, CTA announced that it would build

1230-612: The head of ITT's brake division, Juergen M. Geissinger , was hired as the CEO of the family-owned bearing and auto parts manufacturer Schaeffler Group . Ten years later, Geissinger returned to Continental with mother-and-son owners Maria-Elisabeth and Georg Schaeffler and a consortium of banks, to buy control of the company. Continental appeared to have overextended itself with the acquisition of Siemens' VDO automotive unit in 2007 for €11.4 billion and had lost almost half of its market capitalisation since. In August 2008 and after

1271-739: The head of its motor division at the helm of Continental. Continental was ranked third in global OEM automotive parts sales in 2012 according to a study sponsored by PricewaterhouseCoopers . On 6 September 2012, Continental returned to the benchmark DAX index of 30 selected German blue chip stocks after a 45-month absence. IHO Group (investment holding of the Schaeffler family) is the controlling shareholder and currently owns 46% of Continental shares. In November 2018, Continental purchased Kmart Tyre & Auto Service in Australia from Wesfarmers for A$ 350 million. In 2017 Continental signed

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1312-479: The investment agreement is understandable from the vantage point of Schaeffler, our anchor shareholder. We are confident that the two companies will continue their very good and goal-oriented cooperation on into the future." Continental Tire entered the North American tire industry with its 1987 purchase of General Tire from GenCorp, Inc. , forming Continental General Tire Corp. At the time, Continental

1353-610: The life of products like tires. The expanded use of bicycles, and particularly their pneumatic tires , starting in the 1890s, created increased demand for rubber. In 1909, a team headed by Fritz Hofmann , working at the Bayer laboratory in Elberfeld , Germany , succeeded in polymerizing isoprene , making the first synthetic rubber. Studies published in 1930 written independently by the Russian Sergey Lebedev ,

1394-748: The long-standing PACE awards, and the programmes seeks to recognise innovations in automative technology that have moved to the working model phase of testing. '*' Denotes labor representative Continental AG has acquired the American rubber company Veyance Technologies, Inc. based in Fairlawn, Ohio . Veyance will be integrated into the company's ContiTech division, and will serve as the regional home office for ContiTech in North America. The Brazilian antitrust authority Council for Economic Defence (CADE) made it official on 29 January 2015, described in

1435-432: The rapidly-developing area of electrified systems. By offering a comprehensive technology toolkit to auto manufacturers, they enable these manufacturers to develop customised electrification in their vehicles, resulting in more efficient systems that produce lower emissions. In April 2016, Continental AG together with Honda 's U.S. subsidiary, were honored with the 2016 Automotive News PACE Innovation Partnership Award for

1476-452: Was a major employer in Charlotte. However, as financial woes set in at the division Meineke Car Care Center took over sponsorship of the Charlotte bowl game from Continental. The first two Continental Tire Bowls were both won by Virginia ; the third and final (by that name) edition of the bowl was won by Boston College . The subsidiary announced that effective 1 January 2006, it would implement massive cuts on health care for retirees across

1517-620: Was following other tire manufacturers, such as Bridgestone and Michelin , into the American tire market. The headquarters for North and South American tire divisions is located in the Charlotte metropolitan area at Fort Mill, South Carolina , United States . The North American headquarters of the CAS division is located in Auburn Hills, Michigan , directly east of the Great Lakes Crossing Mall. Continental also has

1558-413: Was founded in 1871 as a rubber manufacturer, Continental- Caoutchouc und Gutta-Percha Compagnie . In 1898, Continental began development and production of the vehicle tires with plain tread, which was a major success for the brand. In 1904, Continental became the first company in the world to manufacture grooved vehicle tires. Another major product Continental invented was a detachable wheel tire that

1599-406: Was made for touring vehicles (1905). From about 1910, synthetic rubber started to play a major role in car tire production, and one of its earliest proponents was chemist Albert Gerlach (1858-1918), member of the executive board. In the late 1920s, Continental merged with several other major rubber industry companies to form the largest rubber company in Germany "Continental Gummi-Werke AG". When

1640-646: Was succeeded by Karl-Thomas Neumann on 1 September 2008. Less than one year later, Schaeffler's CEO Juergen Geissinger succeeded in installing his longtime confidant (and former leader and later head of ITT Teves/Continental Brake and Chassis Division) Elmar Degenhart , the head of his automotive division, as the new chief executive of Continental, ousting Neumann. At Continental's 2013 annual shareholder meeting Schaeffler gave notice that it will terminate its mutual investment agreement with Continental in May 2014, on which Elmar Degenhart commented, "Notice of termination of

1681-565: Was under construction on March 5, 1944 operated by IG Farben and supplied with slave labor, by the SS, from the associated camp Auschwitz III (Monowitz) . The most prevalent synthetic rubber is styrene-butadiene rubbers (SBR) derived from the copolymerization of styrene and 1,3-butadiene . Other synthetic rubbers include: Many variations of these can be prepared with mixtures of monomers and with various catalysts that allow for control of stereochemistry . Polyisobutylene or butyl rubber

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