The France-based Mobivia Groupe, Europe’s largest independent automotive maintenance and repair services group, based in France, has agreed to acquire leading German autocentre chain ATU. Combined annual sales are expected to be roughly 2.7 billion euros, while there will be close to 2,000 automotive workshops and retail stores and over 20,000 employees in the group.
Nokian Tyres’ president and CEO Ari Lehtoranta has resigned in order to “pursue new opportunities outside of Nokian Tyres”. According to the company, Lehtoranta will continue in his present position until the end of 2016. Lehtoranta only joined Nokian in May 2014 and will be remembered for his decision to own up to company’s magazine tyre test manipulation in February 2016.
Brake Engineering has launched a new, responsive website, designed to continue and develop the braking supplier’s Original Aftermarket initiative. The website provides exclusive information about the company, as well as regular updates from the braking brand, including new-to-range product introductions and events. Customers can also access Brake Engineering’s dedicated customer portal, where they can purchase […]
ATS Euromaster, in partnership with Blackcircles, has opened its second quick tyre change facility at the Lakeside Shopping Centre in Essex, following the success of the first Pit Stop location in Cambridge.
While the vast majority of the UK’s tyre production and retreading capacity refers to trucks and a relatively small amount of car tyre retreading still takes place as well as some specialist earthmover retreading, one of the nation’s largest retreaders makes aircraft tyres. Dunlop Aircraft Tyre Ltd or DATL as it is known has demonstrated strong growth in recent years and is majority-owned by private equity. Put the two together and it begs the question – is Dunlop Aircraft Tyre Ltd (DATL) up for sale?
A number of changes and new developments have taken place since Reifen Ihle’s retreading operation began afresh as Rigdon GmbH at the end of 2014. The company, which is based in Günzburg, near the River Danube, remains the largest independent manufacturer of retreaded tyres in Germany, however Rigdon’s restructuring is by no means complete. While the new owner has made good progress implementing its “Rigdon 2020” growth strategy and corporate transformation programme so far, Rigdon GmbH managing director Ralf Schnelle shares with Tyres & Accessories that further significant changes are coming within the framework of the five-year programme, changes that – in spite of the many problems within the market – will help the company and its employees look forward to the future with confidence.
A new Michelin subsidiary has been set up to facilitate the expansion of the company’s activities within China’s aviation segment. Frank Moreau, president of Michelin Aircraft Tyre, describes the establishment of Michelin (Shanghai) Aircraft Tire Trading Co. Ltd (MSAT) as “an important step” for the Michelin’s aviation tyre business in China.
In addition to unveiling several new products, Hankook Tire’s big news from the IAA Commercial Vehicles show is its approval by Scania as an original equipment tyre supplier. As of November, Hankook Tire will supply 18 tyre dimensions to all Scania truck and bus models produced in Europe. According to Stefan Brückner, Hankook OE account manager Europe, 11 of these 22.5 inch dimensions will be for the important long haul segment, and the other seven for regional haul applications.
The creditors who hold a 42 per cent share in Kumho Tire are said to have begun the process of selling the tyre maker. Reuters reports a spokesperson for Korea Development Bank, the largest Kumho Tire shareholder, as giving November or thereabouts as the deadline for initial letters of interest, with main bids coming in or around January. Credit Suisse has been appointed to manage the deal.
Last week’s Automechanika Frankfurt show was the exhibition debut for a new name in the battery world – Ecobat Battery Technologies. The company was recently created through the consolidation of three independent businesses operating within the Ecobat group, a consortium which itself spawned from Ecobat Technologies, the world’s largest producer of lead and lead alloys. With this entirely new entity, Ecobat says it intends to “offer a unique and comprehensive battery service across Europe.”
Michelin has become the majority shareholder in Symbio FCell in the latest round of fundraising conducted by the French hydrogen fuel cell technology company. This fundraising round also saw energy company Engie come on board as an investor. Symbio FCell states that the funds raised give it “the means to develop faster, particularly in the field of hydrogen mobility.”
After years in the making, Stapleton’s is releasing TyreSurf – an e-commerce system designed to help tyre retailers boost profits – on a widespread basis. In short, TyreSurf acts as the retailer’s own bespoke branded, website specially created, maintained, and linked into Stapleton’s. Stapleton’s sees the latest development as “almost certainly the company’s greatest e-commerce innovation since the introduction of ProfitLink at the turn of the millennium”.