By Denna Bowman
Continental tyres bosses are predicting a slight recovery in the passenger and light truck tyres markets for 2010.
The German tyres manufacturer is expecting to see 4% growth in North America and 2% growth in Europe.
It announced: “In 2010, we expect the global output of cars and light commercial vehicles to increase by around 7% as compared with 2009. It is still difficult to determine sales opportunities in the truck tyre replacement market, but many indicators here also suggest a recovery, albeit at a very low level.
“According to the most recent forecasts, the world economy will grow by up to 4% in 2010, but growth in Europe is expected to be only 1%.”
In 2010, Continental also expects the global output of cars and light commercial vehicles to increase by around seven per cent as compared with 2009.
Against this background, Continental expects to generate sales growth of at least five per cent in 2010 and a significant year-on-year improvement in adjusted EBIT in 2010.