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Continental and Hoosier Announce Strategic Alliance Partnership
Fort Mill, SC & Lakeville, IN – (Date) – The convergence of
the high-performance street tire & race tire industries took a significant
step forward today as Continental Tire & Hoosier Racing Tire announced a
strategic alliance based on a shared vision for motorsports marketing & race
proven technology. By engaging the companies at the marketing, business & R&D
levels, the alliance will allow both companies to drive new growth prospects,
technologies & have the potential to ultimately transform a variety of
motorsports platforms.
“This partnership will open the door for endless opportunities, which will
benefit both companies,” said Bill Caldwell, Vice President of Sales &
Marketing, Continental Tire.
“The combination of Continental’s expertise is in performance street tires, &
Hoosier’s industry leading technology in race tire development will allow both
companies to compete in new market segments.”
“The exchange of technologies will result in increased levels of performance
in future product developments for both companies,” said, Joerg Burfien,
Director of R&D - Americas, Continental Tire.
The alliance will consist of Continental & Hoosier being strategic partners
for advanced performance solutions & motorsports integration. A team of
industry veterans has been formed & will be the driving force behind the
collaborative marketing, product development & implementation process. Both
companies will invest substantially into resources for the marketing, business
development & delivery of specific products.
“We are working together because we believe it benefits both organizations by
affording opportunities for deep collaboration in marketing & business
development, allowing us to rapidly deliver high quality products to consumers
who are simply dem&ing the best tire for their investment,” said Dennis
Sherman, Vice President Sales & Marketing, Hoosier Racing Tire. “Together we
are better.”
With sales exceeding €24 billion in 2008, the Continental Corporation is one
of the top automotive suppliers worldwide. As a supplier of brake systems,
systems & components for the powertrain & chassis, instrumentation,
infotainment solutions, vehicle electronics, tires & technical elastomers, the
corporation contributes towards enhanced driving safety & protection of the
global climate. Continental is also a competent partner in networked
automobile communication. The corporation currently employs approximately
133,000 at nearly 190 locations in 35 countries.
Hoosier is the largest race tire manufacturer in the world. Hoosier
manufactures & distributes a complete line of racing tires for most types of
racing, including road, drag, oval, & kart applications. For additional
information on Hoosier Racing Tire & its line of high performance racing
tires.
| Avon tires | Dunlop tires | Goodyear tires | Michelin tires | Uniroyal tires |
| BF Goodrich tires | Firestone tires | Hankook tires | Pirelli tires | Yokohama tires |
| Bridgestone tires | Fuzion tires | Hoosier tires | Sumitomo tires | Discount tires |
| Continental tires | General tires | Kumho tires | Toyo tires | Wheels |