Continental Teves Recognized by Ford for Significant Cost Reduction Efforts

    AUBURN HILLS, Mich., July 2 Continental Teves has been
recognized by Ford Motor Company for exceeding expectations in the area of
warranty cost reductions for 2000.
    Due to the efforts of Continental Teves, Ford realized significant savings
on ABS applications supplied by Continental Teves.  As part of the Warranty
Sharing Program, Continental Teves was recognized for this achievement.
    "We are pleased to have the opportunity to partner with Ford to help
reduce costs and improve quality any way we can," said Jeff Klei, Continental
Teves North America Vice President of Sales and Marketing.  "This is an
ongoing effort and part of our continuous improvement objectives and
dedication to customer satisfaction.  We are always working to realize product
improvements that benefit our customers such as Ford."
    Continental Teves supplies ABS and other electronic brake systems for many
Ford Motor Company products in North America including the Mercury
Mountaineer, Ford Explorer, Explorer SportTrac, Escape, Ranger and Focus, and
the Lincoln LS and Continental.
    Continental Teves, headquartered in Frankfurt/Main Germany, is a unit of
Continental AG, Hanover, Germany.  With 2000 sales of $9.3 billion,
Continental is a world leader in the design, development and supply of
critical brake and chassis systems that contribute to driving safety, comfort
and peace of mind.  The company's North American headquarters is located in
Auburn Hills, Mich.