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Continental is a leading tire manufacturer and industry specialist that develops and produces sustainable, safe and convenient solutions for automotive manufacturers as well as industrial and end customers worldwide.
Continental has announced the construction of a new highly automated finished-goods warehouse in Mount Vernon, Illinois. The company plans to invest approximately $76 million in the project. The facility is designed to mainly serve growing demand in North America, while enhancing service levels and customer support. Covering an area larger than six American football fields, the warehouse will have capacity for approximately 500,000 passenger car tires. Construction is expected to start in summer 2026, with operations scheduled to begin in 2027.
The Continental group sector ContiTech has reached an agreement with employee representatives on key workforce measures for Germany related to the cost‑saving program announced in November 2025. The agreement (German: Interessenausgleich, reconciliation of interests) defines the conditions for the reduction of around 1,600 in Germany. Some of the affected activities will be relocated to countries with more competitive cost structures.
Continental started 2026 with a good first quarter. The Tires and ContiTech group sectors both increased their adjusted EBIT margins compared with the same quarter of last year, despite burdens from tariffs and exchange-rate effects. Adjusted free cash flow was also up year-on-year. By contrast, the economic environment and weak global markets hampered sales growth. Even against the backdrop of current geopolitical developments, the DAX-listed company has confirmed its full-year outlook. For 2026, Continental still expects consolidated sales of around €17.3 billion to €18.9 billion and an adjusted EBIT margin of around 11.0 to 12.5 percent.
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When using this material, please specify the following source: "Photo: Continental AG" or "Video: Continental AG".
If you would like to use our pictures or videos in another context, such as for advertising brochures, websites or other commercial purposes, please contact us prior to doing so.
