Company News

Protyre dips toe in Scottish water with Denton Tyre acquisition

Protyre dips toe in Scottish water with Denton Tyre acquisition

Micheldever Tyre Services reports its acquisition of a “much respected family business.” Denton Tyre Centre, which operates two outlets in Carlisle and one in Dumfries and fits 100,000 tyres a year, has joined the company’s Protyre retail division. The Dumfries outlet becomes Protyre’s first in Scotland.

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UK News

Brexit decision at ‘inflection point’ for car market – Close Brothers Motor Finance

Following the publication of the SMMT’s UK monthly automotive manufacturing figures for June, Chris Bosworth, director of strategy at Close Brothers Motor Finance, suggests that the current growth spurt may be coming to a close. The extent to which this will be affected by Brexit remains to be seen, Bosworth adds, though it coincides with what he calls an “inflection point” for the UK car market.

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International News

Brembo reports 1H sales of 1.1468 billion, EBIT up 42%

Leading Italian brake manufacturer, Brembo has reported revenues of 1,146.8 million euros, up 10 per cent compared with the first half of 2015 (+12.2 per cent on a like-for-like exchange rate basis). During the same period, pre-tax profits (EBIT) grew +42.9 per cent to 173.3 million euros.

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Motorsport

Kumho ready for Zandvoort Masters

Kumho ready for Zandvoort Masters

For 15 successive years, Kumho has supplied all the tyres for Europe’s top F3 teams to compete in the annual Zandvoort Masters meeting. In 2016 the event takes place on the weekend of 20-21 August, more than 20 of the latest crop of would-be Grand Prix drivers will push their Kumho ECSTA race tyres to the limits at this famous former Formula One circuit.

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Retreading News

TRA: Environment Agency plans “will decimate tyre recycling business”

Plans by the Environment Agency (EA) to introduce new norms for the storage and processing of end of life tyres (ELTs) will force many operators out of business by the end of this year, according to the Tyre Recovery Association (TRA). And what’s more this outcome is likely to drive tyre recycling underground too.

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Product News

Korean dash cam market leader launches F50 model in UK

Korean dash cam market leader launches F50 model in UK

Thinkware has announced the launch of its latest dashboard camera (or “dash cam”), the F50, which is now available to purchase in the UK. The F50 is equipped with an Ambarella chipset and Sony Exmor CMOS image sensor that records detailed full HD 1080p video at 30 frames per second, a 130-degree viewing angle and a built in Active Impact monitoring system. The Thinkware F50 dash cam certainly fits a lot of features into its small and elegant design.

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Career Tracks

Garfield retiring from Bridgestone Americas; new leadership team named

Garfield retiring from Bridgestone Americas; new leadership team named

At the end of this year, Gary Garfield will retire as chief executive officer, president and executive chairman of Bridgestone Americas. He leaves the company on 31 December 2016 after a career at Bridgestone that spans a quarter century. He will also retire from his position as executive vice-president and executive officer of parent company Bridgestone Corporation, effective 31 August.

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Comment

It’s goodbye from them and goodbye from us

Sometimes tyre people are creatures of habit. They like what they know and they know what they like. So when change comes it can feel disorientating. But change is also the engine of progress. And standing still is virtually synonymous with going backwards.

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