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German Automotive Supplier
Expanding North Carolina Operations

Friday, July 24, 2009
 
Continental Teves, Inc., the automotive-components division of German-based conglomerate Continental AG and which maintains its North American headquarters in Auburn Hills, MI, announced plans to expand its manufacturing operations in Fletcher, NC. The producer of brake systems, powertrain and chassis systems, and other components, will invest $30 million to grow the NC operation and add 338 new jobs over the next 5 years. The state is providing Continental Teves with as much as $2.16 million in financial incentives. The firm is online here.

 

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