Financial analysts have offered their response to Continental’s second quarter financial results, welcoming outperformance (particularly in the tyre division), but also pointing out that increases in guidance simply bring the firm in line with consensus expectations.
The man behind Town and Country Tyres, the UK’s first mobile car tyre fitting business, has died. Christopher Shankland was described by his son, Mark Shankland, joint-founder of Event Mobile Tyres, as a well known figure in the tyre trade for 40 years, having worked for Michelin and independently in the retail business, eventually becoming a consultant with Kwik-Fit. Shankland passed away on Sunday, 27 July. The family are welcoming donations to Prostate Cancer UK.
Figures from European motoring organisation ACEA reveal that, in June, the EU market of new commercial vehicles expanded for the tenth consecutive month. Demand increased by 10.3 per cent, totalling 166,107 units. Growth prevailed in the van segment, as well as that of buses and coaches, while the truck segment declined. All major markets expanded, from 3.8 per cent in France to 6.5 per cent in Germany, 8.6 per cent in Italy, 18.9 per cent in Spain and 25.5 per cent in the UK.
Tyre brand Dmack achieved the most successful motorsport weekend of its short history in July. The firm’s gravel tyres, manufactured by Shandong Yongtai, helped secure victory at a number of high-profile international championships. Drive DMACK World Rally Team crew Ott Tänak and Raigo Molder won an emphatic and popular home victory at Rally Estonia – a round of the FIA European Rally Championship. Tänak has hit a run of good form for the Drive DMACK team, having previously claimed 25 WRC2 points in Poland.
Vipal Rubber clients have held a joint event with Turkish distributor Tatko in Serbia to celebrate recent sales successes in the region. Tatko is responsible for distributing Vipal and Ruzi products in Turkey, Ukraine and other countries in Central Asia, and the Belgrade event reflects Vipal’s emphasis on its partner relationships, the Brazilian retreading company states.
TecDoc will demonstrate to component manufacturers and suppliers, distributors and wholesalers, as well as the service and repair trade, the depth of products and services it can supply to businesses across all these sectors at Frankfurt’s Automechanika. “During the course of 2014, we’ve already introduced several innovative new products and a number of updates to […]
Igino Schiavi has been appointed by Giti Tire as market analyst for Italy, with responsibility for passenger car and light truck (PCR) and truck and bus (TBR) positioning strategies. His main role will be to collect and analyse market data to benchmark the company’s GT Radial, Primewell and Runway tyre brands on both price and performance to ensure best product placement.
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.