While many of the quarterly results released at the moment make for depressing reading, those published by Goodyear Tire & Rubber yesterday show that the US-based tyre maker is making even better than expected progress on the path back to financial strength. An obviously pleased Richard Kramer reported on 29 October that Goodyear “delivered outstanding earnings growth in the quarter and achieved a segment operating income margin of more than 11 per cent, the highest in more than a decade, despite an increasingly challenged global economy. The chairman and chief executive officer added that “these results reflect our focus on capturing the value of our branded products in the marketplace and continued progress generating cost savings through our operational excellence activities.”
One company that Tyres & Accessories met for the first time at Brityrex was Tri-Ace tyres, a Chinese contract manufacturer focusing on the Tri-Ace, Black Bear and Mark Ma brands. The company's products extend across the passenger car, ultra-high performance, trailer and light truck segments.
After three and a half years of selling the Dynacargo range in the US, Canada and Mexico, Interstate launched this truck brand in Europe at the Essen show in Germany in May. Back then it was one of a number of new ranges launched across the continent. During October's Brityrex, Interstate gave Dyncargo its UK-specific debut and this time the truck tyre products were the company's central focus.
Coventry is set to become the first city in the UK to stage competitive motorsport on its public roads. Coventry City council has given the green light to racing by using new Government legislation designed to allow cities to host motor sports events.
After a one-year gap Bandvulc recently held its Key Partner Conference for its dealer network at the prestigious Midland Hotel in Manchester. Famous for a particular historical partnership, the Midland was where Messrs. Rolls and Royce met and agreed to form their company. The conference theme was: Partnerships, loyalty and recognising customers. Company representatives explained that this year’s conference was designed to inform the network of Bandvulc’s performance amongst other things.
Giti Tire expresses confidence that its new Champiro FE1 will become one of the biggest sellers within its GT Radial brand portfolio. The new range was officially unveiled at the Reifen 2014 show in May, and the manufacturer has now provided some further details on the line-up. It says the Champiro FE1 is available in Europe from October 2014 onwards in 18 sizes for 15 to 17-inch rim diameters and in T to W speed ratings.
Shanghai-based contract tyre manufacturer SD-International recently reinforced its European sales team with the appointment of Andy Baron as sales manager (Northern Europe). Both this and the introduction of the company’s new Toledo range took place during October’s Britytrex exhibition in Manchester.
“The retail motor industry compromises of 8,000 member sites and too often the Government listens intently to the manufacturing sector, but takes scant account of the interests of retailers,” said RMI deputy chairman Peter Johnson, speaking at this year’s Retail Motor Industry Federation annual dinner in London on 23 October 2014.