Private equity firm Calculus Capital has invested £2.5 million in WheelRight Ltd, the tyre pressure monitoring company. Richard Moore, Investment Director, Calculus Capital said: “We are very excited to invest in WheelRight and its market-leading, patented technology. The WheelRight sensor array provides a very hi-tech solution to a practical, every day problem. It will help to lower the costs of motoring, reduce the number of road accidents and limit carbon emissions. We are pleased to be able to support a leading UK technology company that has developed a product with significant global potential.”
Organiser of the Latin American & Caribbean Tyre Expo, the Latin Expo Group has donated $10,000 dollars to Aldeas Infantiles SOS Panama. Around the World in SOS deals with children who are at risk when their basic needs are neglected terms of material, emotional, health care and education, or are abused - either because they have lost their parents, never have known them, or when parents do not have the resources or skills to properly care for their children.
Pirelli has announced its compounds for the Formula One grands prix in Belgium, Italy and Singapore. At Spa, one of F1’s most spectacular and demanding circuits, Nico Rosberg, Lewis Hamilton and the increasingly distant chasing pack will use the P Zero White and Yellow medium and soft tyres suited to Belgium’s the varied track and weather conditions.
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.
The Lexus Group has selected Yokohama tyres as original equipment for its new crossover SUV, the Lexus NX. Exact fitments will vary according to region, however worldwide the tyre maker is supplying two models of tyre in a total of three sizes. The Yokohama tyres selected for the Lexus NX are the BluEarth E51 in size 225/60R18 100H and the Geolandar G91 in sizes 225/60R18 100H and 225/65R17 102H.
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.