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.”
An article in the Daily Mail on 29 October was entitled ‘Is this the end of the road for spare tyres?’ and focused on new research which revealed that the lack of spare tyres in new cars has led to a ‘huge rise’ in call-outs for breakdown services to deal with punctures in just four years.
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.
Randstad has launched an Extended Interval Engine Oil Cleaner ‘Engine Flush’, providing independent garages with a profitable engine service. As engine oil deteriorates, sludge and other contaminants can accumulate within the oil system. These can damage engine components and, during a conventional oil change, become trapped, leading to further contamination of the new oil.
After 34 years in the tyre industry, Uniroyal truck tyres manager Glen Birkwood is retiring on 31 October. Having entered the tyre business in 1980, Birkwood rose through the ranks at Pirelli, Firestone and then Bridgestone before becoming Uniroyal truck tyres sales manager in 2000.
“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.