MGDDY - Continental AG: More Than Just Tires But I Still Prefer Michelin
Introduction
After publishing an article about Michelin (MGDDF) (MGDDY), some readers asked me to compare Michelin with Continental AG (CTTAF) (CTTAY). A fair question, as Continental is widely associated with the tires carrying the same brand name, but what few people know is how diversified Continental really is. Whereas Michelin generates in excess of 85% of its revenue from selling tires, this percentage is just 25% at Continental as Continental really is a full-blown car parts supplier rather than a tire manufacturer. The chassis &