Hankook Tire has reported fourth quarter 2015 sales of KRW 1.61 trillion (£945.3 million), a decrease of 0.9 per cent compared with the fourth quarter a year earlier, and a 2.5 per cent year-on-year decline in operating profit, which amounted to KRW 238.3 billion (£139.9 million) in the final quarter of last year. The tyre maker shares that sales of its ultra-high performance (UHP) tyre segment grew 6.4 per cent year-on-year and now account for 33 per cent of the company’s overall revenue.
The UK new car market saw registrations climb 2.9 per cent year-on-year in January to reach an 11-year high of 169,678 units. By comparison January 2005 saw 181,474 new cars registered. Private and business buyers drove this growth with demand for new cars up by 8.2 per cent to 73,061 and 5.0 per cent to 6,716 units respectively, while the fleet sector declined slightly by 1.1 per cent to 89,901. The month marks the highest number of new cars registered to private buyers in January in 12 years.
Hankook Tire has been appointed exclusive tyre partner to a newly-established touring car series in Germany. The three-year arrangement sees Hankook supplying tyres to all cars competing in the ADAC TCR Germany series; in 2016 the tyre of choice is the Hankook Ventus Race, which will take to the circuit in size 260/660 R 18.
Mid UK Recycling Ltd, a leading independent waste management, recycling and resource recovery specialist reports 100 per cent traceability since switching to Vacu-Lug to provide a dedicated tyre management service. With a comprehensive range of resource recovery services, including waste management, skip hire and public authority recycling contracts, Mid UK Recycling Ltd operates a nationwide collection fleet of over 70 vehicles.
International contract tyre producer SD International is aiming to develop into being a leading supplier of SUV tyres within the UK and European market sectors through the firm’s private brands Pace and Zeta.
Ford is aiming to saving US$200 million a year by reducing the number of sales marketing and administration jobs its supports in Europe. To achieve this Ford will offer a voluntary redundancy scheme to the 10,300 salaried workers it employs in Europe, according to Reuters. The deal is likely to include severance pay and early […]
New year, new trends It seems a bit pessimistic to start 2016 with a reference to recession. Nevertheless, when Bank of England deputy governor Minouche Shafik suggested the UK tyre industry is in the grip of recession-based consumer behaviour at the end of 2015 she highlighted an important point. The market is encountering different purchasing […]