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Continental to show EV battery charging systems at CES

Continental to show EV battery charging systems at CES

Wednesday 13th December 2017 | 0 Comments

Two new Continental battery charging systems for electric vehicles will be presented at next month’s Consumer Electronics Show in Las Vegas. The first of these is an automatic wireless charging system and the second is known as AllCharge and aims to optimise the compatibility of cable-based systems.

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Kumho Tire share price rises on acquisition speculation

Tuesday 12th December 2017 | 0 Comments

Could a conglomerate of South Korean interests be looking at acquiring Kumho Tire? According to the Financial Times, local publication the Korea Economic Daily reports that a conglomerate has shown interest in doing just that through a rights offering.

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LKQ Corporation to acquire Stahlgruber GmbH for €1.5 billion

LKQ Corporation to acquire Stahlgruber GmbH for €1.5 billion

Tuesday 12th December 2017 | 0 Comments

German aftermarket car parts and tools distributor Stahlgruber GmbH will soon have a new owner. LKQ Corporation has entered into a definitive agreement with Stahlgruber group management holding company Stahlgruber Otto Gruber AG to acquire the subsidiary for an enterprise value of approximately 1.5 billion euros. LKQ expects to complete the transaction late in the first quarter or early in the second quarter of 2018, subject to required regulatory approvals.

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Titan International reaffirms 2018 business outlook 

Tuesday 12th December 2017 | 0 Comments

In addition to appointing Paul Reitz its eighth member, the Board of Directors at Titan International has also approved the company's 2018 strategic and operational plan. Reitz commented that after “working hard to manage our way through three years of a cyclical downturn and then post three consecutive quarters of revenue growth this year,” it was “great to be able to present to our board a 2018 plan that continues to reflect growth across all of our business units.”

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Forgeline Motorsports selected as Team Dynamics’ US distributor

Forgeline Motorsports selected as Team Dynamics’ US distributor

Monday 11th December 2017 | 0 Comments

The Team Dynamics USA has closed its California office and appointed Forgeline Motorsports in Dayton, Ohio as its American distributor.

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Titan International to pay half cent dividend for Q4 2017

Monday 11th December 2017 | 0 Comments

The Board of Directors of Titan International, Inc. has approved a quarterly cash dividend of US$.005 (one half cent) per common share for the fourth quarter of 2017. The cash dividend is payable Tuesday 16 January 2018 to stockholders of record on Friday 29 December 2017.

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Michelin guide coming to Guangzhou

Monday 11th December 2017 | 0 Comments

Following on from its release of a publication for Shanghai last year, Michelin has announced it will extend Michelin Guide coverage to a further city in China. A Michelin guide for Guangzhou will be available in 2018, and Michelin says it will allow everyone - locals, tourists, and business travellers alike - to benefit from the inspectors' recommendations whatever their desires, tastes and budgets may be. The guide for Guangzhou will be the world’s 31st Michelin guide selection and the seventh in Asia, excluding Japan.

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Layoffs at Cooper Tire in North America

Monday 11th December 2017 | 0 Comments

Cooper Tire & Rubber reports that it has laid off around 80 salaried employees in North America. Approximately 60 of these were located at the company’s Findlay site, and the remainder in Texarkana and Tupelo. According to a statement issued by the tyre maker, these job losses come as part of a reorganisation of certain departments within the company in order to “best position” it for “long-term profitable growth.”

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Suggestion of court receivership -Kumho Tire shares fall 30%

Suggestion of court receivership -Kumho Tire shares fall 30%

Friday 8th December 2017 | 0 Comments

A newspaper report suggesting that Kumho Tire may be placed under a court-led debt restructuring programme prompted an almost 30 per cent drop in the value of shares in the tyre maker yesterday. Reuters writes that, according to an article published by South Korean newspaper Segye Ilbo, main Kumho Tire creditor the Korea Development Bank is considering requesting a pre-packaged restructuring plan. Such a plan may result in Kumho entering into court-administered receivership.

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TRIB goes live with redesigned website

TRIB goes live with redesigned website

Friday 8th December 2017 | 0 Comments

A redesigned version of the TRIB website has been launched. The retreading association’s updated www.retread.org site aims to provide an easy way for visitors to learn about the retreading process. Key features of the redesign include:

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Goodyear & Sandia Labs mark 25 years of tyre design collaboration

Thursday 7th December 2017 | 0 Comments

A partnership between Goodyear Tire & Rubber and US-based engineering and science body Sandia National Laboratories, forged to improve tyre design, is quarter of a century old this month. Marking the milestone, the tyre maker notes that the joint work has helped reduce product development time and boost efficiency.

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Welcoming the digital evolution – Michelin Auto Professional regional forums

Welcoming the digital evolution – Michelin Auto Professional regional forums

Wednesday 6th December 2017 | 0 Comments

Embracing the ever-evolving digital consumer experience is key to thriving in the tyre retail trade, Michelin’s partner dealers were told at annual regional forums across the UK and Ireland. Guests at the full-day events, held in Windsor, Manchester and Kilkenny, were encouraged to make full use of the tools and advice Michelin provides to develop a slick, engaging and accessible online presence capable of reaching a far wider audience. The forums also highlighted the dedicated end-to-end support that Michelin offers to all partner retailers – giving them the best possible platform upon which to build a solid and loyal customer base.

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‘Shark sponsorship’ – Giti Tire and Enki Tan’s passion

‘Shark sponsorship’ – Giti Tire and Enki Tan’s passion

Wednesday 6th December 2017 | 0 Comments

Many tyre manufacturers sponsor football teams, but Giti Tire has its own whale shark. This unorthodox sponsorship placement arose from the company’s partnership with Conservation International (CI), a relationship that dates back a number of years and closely entwined with Enki Tan’s passion for environmental conservation.

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Three new HiQ centres open their doors

Three new HiQ centres open their doors

Wednesday 6th December 2017 | 0 Comments

The HiQ network has grown this month with the addition of three new centres – HiQ Oxford, HiQ Cardiff and HiQ Witney – on 1 December.

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Balancers, changers increase sophistication to match latest workshop needs

Balancers, changers increase sophistication to match latest workshop needs

Tuesday 5th December 2017 | 0 Comments

Pro-Align’s recent distribution agreement with ADAS diagnostic and calibration tools supplier TEXA shows how garage equipment specialists are adapting to the rapid development of the connected car. Yet the staple equipment remains a vital part of the equation; greater accuracy in the tyre changing and wheel balancing processes can help ensure the full functionality of downstream systems. In addition, Pro-Align tells Tyres & Accessories that balancers and changers are often overlooked in terms of their potential for a workshop’s efficiency and profitability.

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