Teledyne Continental Motors announced today that it would refrain from increasing prices for new and factory-overhauled engines in 2010, instead sticking to 2009 prices. According to the company, "TCM has been successful in improving many aspects of its factory operations. In cooperation with our valued employees and vendors, we have been able to lower cost and improve delivery. The company believes that these improvements can best be used to reinvest in technology advancements and in pricing certainty for our customers."
Continental has been aggressively working to up its production efficiencies. “In 2009, TCM worked very hard to improve manufacturing efficiencies. We are committed to delivering this value to our customers” said Rhett Ross, President of Teledyne Continental Motors. “TCM is pleased to keep engine pricing near levels that were last seen in 2007.”