Michelin’s acquisition of all outstanding shares in Brazilian digital fleet management and freight security firm Sascar Participações S.A. and its affiliated companies, which was first announced on 9 June, has now been completed. The transaction has been approved by the Brazilian competition authority (CADE) and all other closing procedures were finalised on 29 August 2014.
Automotive retailer Halfords has relaunched its car parts business under the Car Parts Direct name. This rebranded service offers consumers the option of ordering products in-store, online or via the Halfords mobile app, with next working day or express delivery and rapidly-filled in-store orders – Halfords says 66 per cent of in-store orders will be delivered within 90 minutes. More than 130,000 individual products will be offered through Car Parts Direct, and customers can choose between delivery to their home, place of work or nearest Halfords outlet.
Attempts by Kumho Tire parent company Kumho Asiana to reacquire Kumho Buslines from private equity consortium KoFC IBKS KStone PEF have run into difficulties, with consortium backers KStone Partners and IBK Investment & Securities claiming Kumho Asiana has tried to force down the Kumho Buslines purchase price by pressuring other potential bidders to step away.
Following a three-week break the 2014 Formula One season will resume at the fan-favourite Spa-Francorchamps circuit. Pirelli will supply its P Zero White medium and P Zero Yellow soft tyres, a softer choice compared to last year – the exclusive tyre supplier says this allocation is designed to promote different strategies on what is, at 7km, the longest lap of the year.
Responding to calls for a sturdy, heavy duty baling presses to handle the increased demand tyre baling, Easi Recycling has upgraded its range to include the higher output W8500H baler. Processing 400/500 tyres per hour, with an 85 ton pressing force and increased support pressing plate, the W8500H has been purposefully designed and manufactured for the tough material waste management of vehicle tyres.
Cooper Tire Europe has introduced a new winter range under its Starfire Tires associated brand. The Starfire W200 is aimed at the compact car market and manufactured at Cooper’s Kruševac facility in Serbia. Following testing in Alpine winter conditions, the tyre maker reports this newest member of the Starfire winter portfolio is a tyre that “delivers exceptional grip in snow, slush and wet conditions, thanks to state-of-the-art computer technology and increased sipe density.”
The US Tire Industry Association (TIA) is pleased to announce the names of the 2014 Hall of Fame recipients. This year's honorees are Harold Coker, founder of Coker Tire Company, Charles Cornell, the late founder of Tech International and Juanita Purcell, Executive Vice President of Purcell Tire & Rubber Company.
The Government has announced plans to raise the speed limit for lorries on single carriageway roads to 50 mph and the move has generated diametrically opposed views. On the pro side, Transport minister Claire Perry says that the move is part of a package of measures to cut congestion, reduce dangerous overtaking and help get the country moving. Brake, the road safety charity, has expressed serious concerns about the proposed limit increase and the announcement comes as a survey by Brake and Digby Brown solicitors reveals the extent of risky driving on country roads.