Although Park Sam-koo is said to have arranged sufficient funds to buy back a share in Kumho Tire from its creditors, some still doubt the transaction will go ahead. The Investor, the online business news service run by The Korea Herald, comments that many observers question whether Park will be able to pay the KRW 100 billion (£70.5 million) down payment for the deal.
Britons pick up so many bad habits that the majority believe they would not pass their driving test again, if they had to re-take it, according to new research; as many confess to driving single-handedly and using gadgets.
The West European Trailer Market had the third highest level of new trailer registrations ever, surpassed only by the figures for 2007 and 2008 before the GFC. However, there, there was a distinct weakening of the market in the second half of the year and Denmark, France, Germany, Italy and Spain were all less buoyant markets at the end of the year than they were in mid-2016.
Delticom reports that Nathalie Kronenberg is now in charge of key account management for the company’s B2B activities. Kronenberg is based at the online specialist’s headquarters in Hannover, Germany and has led the strategic development of B2B key accounts around the world since January. In addition to building up this business within Europe, Kronenberg’s tasks also include expansion to America and the Asia/Pacific region, as well as further promoting the digitisation of the company’s bulk business.
Falken will show its most energy-efficient tyre to date for electric and hybrid vehicles and launch its 2017 race car when the Sumitomo brand exhibits for the first time at the Geneva International Motor Show on 7-19 March 2017 (Hall 6, Booth 6238, Palexpo).
The Commercial Vehicle Show will see The Tyre Equipment Company (TEC) return to the NEC in Birmingham in order to showcase a selection of commercial tyre changing tools and equipment from Ken-Tool, as well as other products from the TEC range between 25 and 27 April 2017.
The UK economy grew 0.6 per cent in the October-to-December period. Taking the year as a whole, the economy grew 2 per cent, 10 per cent slower than the growth of 2.2 per cent achieved in 2015. Good news, I hear you say. But, as with many things in life, the details tell a more complicated story. Many sources, such as the BBC, contend that this better-than-expected growth is because of increased consumer spending during the last quarter of the year. However, it is also worth pointing out that UK car production achieved a 17-year high in 2016, according to the latest figures published by SMMT. This comes at the same time that the motor manufacturer’s association reported new car registrations of just under 2.7 million for the year – itself another record. This being the case, it is worth taking a closet look at the figures and the messages give us in the inextricably linked tyre sector as well as the economy as a whole.
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Continental has introduced a new 19.5” fitment for its urban bus tyre, the Conti Urban HA3, part of its third-generation commercial vehicle tyre range. Tyres for this application are placed under higher stress in the inner-city public transport segment than in any other area of application, Conti states.