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Article: Continental AG issues announcement.
- Article from:
- PR Newswire
- Article date:
- September 27, 1988
CopyrightCOPYRIGHT 1988 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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CONTINENTAL AG ISSUES ANNOUNCEMENT
AKRON, Ohio, Sept. 27 /PRNewswire/ -- The largest special capital investment program in the history of the Continental's group has been approved by the West German company's supervisory board.
The investment will total over the next four years DM 850 million ($470 million) and is in addition to already scheduled investments. A majority of the money is earmarked for North America. The major investment will enable the Hanover-based company to continue the dynamic growth policy it has successfully pursued in recent years.
Horst W. Urban, chairman of the Managing Board of Continental AG and Gilbert H. ...