Continental Corporation has again increased its earnings forecast for the 2014 fiscal year. Upon publishing the company’s second quarter and first half results, Executive Board chairman Dr. Elmar Degenhart said Continental is now aiming for an adjusted EBIT of 11.0 per cent rather than the 10.5 per cent announced in March (when it was increased from 10.0 per cent). This 11.0 per cent target is supported, the company says, by the ongoing trend towards favourable natural rubber prices.
Halfords Autocentres has launched a monthly payment scheme designed to help motorists spread the cost of their MOT and annual service. Drivers using the Privilege Service Plan will pay a fixed monthly sum, with two and three year options available, to include a full or major service and MOT for each year. Halfords will determine the monthly cost through a combination of vehicle engine size and the length of plan chosen. The service provider has also added extra incentives to the plan, including 10 per cent off repairs during the term and discounts on products such as wheel alignment, battery replacement and air conditioning services.
Yesterday Superior Industries International, Inc. announced it will close its Rogers, Arkansas wheel manufacturing plant as part of an initiative to cut costs and increase competitiveness. The firm expects to cease operations at Rogers by the end of 2014. Production will be shifted to other Superior manufacturing facilities, including those in Fayetteville, Arkansas, and Chihuahua, Mexico, and is anticipated to generate a net $15 million labour cost savings year-over-year. Approximately 500 jobs will be lost.
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 […]
When the news broke that Unipart had entered administration, it will have been something of a blow for the 1800-odd “loyal” employees of the company. Indeed the only good thing for employees was the end of the speculation roller coaster than began with managers suggesting a rescue could come in 36 hours, followed by reports that Euro Car Parts was a front runner, and finally the announcement two weeks later that nothing could be done for the company. But what about staff?
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.