The partial share buyback scheme authorised at Michelin’s Annual Shareholders Meeting on 16 May 2014 and announced and further reported in January 2015 has been amended in regards to its term and maximum limit. Under these changed terms, a Michelin-appointed investment service provider will now sell an unspecified number of Compagnie Générale des Établissements Michelin shares, representing a maximum amount of €75 million instead of a maximum of one million shares, as originally announced. The shares will be sold until 30 September 2015, rather than the previously announced date of 27 November 2015.
Nankang Tyre UK, the distributor of Nankang brand tyres, is to offer a range of prizes in a competition marking its partnership with the filmic return of the Road Warrior, Mad Max: Fury Road. The top prize, a Supercar Track experience for two adults at Monza, including return flights, private airport transfers and three nights in luxury accommodation in Milan, is joined in the giveaway by merchandise sets, Mad Max trilogy bluray boxsets and Odeon cinema vouchers. Visitors to the Nankang Tyre UK website can enter the prize draw here.
In Nokian Tyres’ opinion, advertising within the tyre industry is often boring, and they may have a point. So the company decided to do something about this by arranging and filming a surprise for customers at one of its Vianor retail centres in Gothenburg, Sweden. Unsuspecting motorists arriving for tyre changes were treated to a ‘personal gig’ from Swedish heavy metal band Hammerfall, and the YouTube video of the event has been viewed almost 700,000 times within three days.
On 20–21 March, 14-time motor sports record-holder Andrey Leontyev and ice captain Alexander Burmeyster set an absolute record by achieving the greatest average speed on ice over a 1000km course on Lake Baikal. The vehicle used was a Volkswagen Touareg production vehicle with standard tyres and service fluids.
Innovative practices aren’t only found amongst the big players in the retreading industry. One small Dutch firm has invested in a better way of keeping tabs on the tyres it retreads, and aims to extend this to the fleets it works with. In February, Tyres & Accessories spoke with Hans Jörg from Lopik-based retreader Roline, and learnt how a technology of interest to top level motorsport is being used in retreaded bus and truck tyres.
Avon Tyres has more than doubled the number of fitments available in its AV11 van tyre range. A total of 15 sizes are now offered by Avon stockists; the new additions include 15 and 16-inch rim fitments suitable for an array of popular light commercial vehicles, including the Iveco Daily, Vauxhall Vivaro, Volkswagen Transporter Window Van and Peugeot Boxer. Speed ratings of up to 118mph are available.
ATS Euromaster Group finance director Rachel McMullen has won the UK Finance Director of the Year Award at the Business Finance Awards 2015. McMullen recognised in the Blue Chip category (companies with a turnover greater than £250 million). The senior finance team was also nominated for the Finance Team of the Year. McMullen commented: “I was proud just to be shortlisted, but winning has been fantastic. The financial team at ATS Euromaster has been crucial and through this award I am thrilled that our efforts over the last five years have been recognised.”
The Petrol Retailers Association (PRA), which represents Britain’s 5,400 independent petrol filling stations, has joined the ATM Industry Association (ATMIA) in calling for ATMs to be exempt from Business Rates.