Teledyne Continental Motors is doing its part for economic recovery. The company issued a release early this week indicating it will keep a lid on prices for factory new and factory rebuilt engines. Improved efficiencies and “cooperation with our valued employees and vedors,” have allowed TCM to lower costs, and it intends to reinvest the savings in technology advancements — and holding the line on customer pricing for the coming year. Company president Rhett Ross said, “TCM is pleased to keep engine pricing near levels that were last seen in 2007.”
Continental Will Not Raise Prices in 2010
Key Takeaways:
- Teledyne Continental Motors (TCM) will hold prices for its factory new and rebuilt engines for the coming year, keeping them near 2007 levels.
- This price freeze is a result of improved efficiencies and cooperation with employees and vendors, which have lowered the company's costs.
- TCM plans to reinvest the savings from these cost reductions into technological advancements, while also maintaining stable customer pricing.
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