According to foreign media, Continental Group announced the acquisition of Hoosier tires and rubber group in October 2016, worth 126 million euros with pay in cash, but other details of the deal were not disclosed.
 　　It is understood that Hoosier Tires was founded in Indiana of the United States in 1957. It is the largest car tire manufacturer in the world and its tires are all made in the United States. It produces over 1000 different types and tire.
　　Continental's main products are tires, brake systems, vehicle stability control systems, engine injection systems, engine tachometers and other spare parts for automotive and transportation business. The company, headquartered in Hanover, Germany, is the world's fourth largest tire manufacturer.