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German Tire Maker Beats Expectations on US & China Growth

Thursday, 2 Aug 2012 | 4:30 AM ET

Wolfgang Schafer, CFO of German tire maker, Continental, told CNBC, "We see the weakness in the European standard cars and smaller cars as well, we see as well some weakness in South America, but where we profit from is the strong growth in America in NAFTA and we see further growth in China."