Tag: OE business

Analysts upgrade 2018 West European trailer market forecast

Friday 24th November 2017 | 0 Comments

Instead of demand dropping by approximately 9 per cent in 2018 a decline in demand of 5 per cent is now forecast, followed by a further drop in 2019 leading to a total shrinking of the market by 13 per cent over the two years. According to the agency “Clear”, for 2017 the demand for trailers increased in the first half of the year but will have close to zero growth in the second half. Overall 2017 will see a 3 per cent increase in registrations.

Continue Reading

EU passenger car demand up 5.9 per cent in October

Thursday 23rd November 2017 | 0 Comments

In October 2017, European Union demand for passenger cars returned to growth after a decline in September. Registrations of new cars totalled 1,169,672 units, or 5.9 per cent higher than in October last year, the European Automobile Manufacturers’ Association (ACEA) has said.

Continue Reading

Yokohama reports record nine-month 2017 net sales results

Tuesday 14th November 2017 | 0 Comments

Yokohama Rubber Co., Ltd. has reported net sales of 466.79 billion yen in the first ninth months of 2017 – a new record for this period. Of this figure, 333.13 billion yen was generate by sales of tyres (excluding Alliance Tyre Group operations, which are included in the firm’s accounts following the business’ acquisition in September 2016). Therefore, profit attributable to owners of parent increased 96.4 per cent over the same period of the previous year, to 16.7 billion yen, on a 39.7 per cent increase in operating income, to 26.4 billion yen.

Continue Reading

Belshina producing 18-inch SUV tyres for Geely

Monday 13th November 2017 | 0 Comments

Bobruisk, Belarus-based tyre manufacturer Belshina has announced that it has launched mass production of 18-inch SUV tyres. The company's spokeswoman Viktoriya Kulik told local news source BelTA that it is making summer tyres for Geely cars produced at BelGee Factory.

Continue Reading

Global automatic tyre inflation system market will be worth US$2.7 billion by 2027

Monday 13th November 2017 | 0 Comments

Automatic tyre inflation systems is set to become a multi-billion dollar global industry during the course of the next decade. According to a report produced by Future Market Insights, the market is anticipated to reach revenue of over US$1.500 billion in 2017 and grow at a steady compound annual growth rate (CAGR) of 5.6 per cent during the 10 year period between 2017 and 2027. The forecast predicts the market to reach a revenue of over $2.7 billion by the end of the forecast period in 2027.

Continue Reading

Global brake market to reach $31.11 billion by 2025

Monday 6th November 2017 | 0 Comments

The global automotive brake systems market is expected to be worth US$ 31.11 billion by 2025, according to a new study by Grand View Research, Inc. This is said to be being driven by rising vehicle production and sales and growing disposable income.

Continue Reading

1000-mile Bugatti Chiron makes £1 million profit in 4 months

1000-mile Bugatti Chiron makes £1 million profit in 4 months

Wednesday 1st November 2017 | 0 Comments

A nearly new, 1,000-mile Bugatti Chiron, the first ‘used’ example to be offered in the UK – has gone on sale for £1 million more than its owner paid for it brand new four months ago. While simply driving the majority of new cars off the forecourt can wipe thousands off their value, the 261mph supercar has bucked the trend and soared in value to £3.6 million – an increase of £1.1 million over its list price of £2.5 million.

Continue Reading

Nexen aiming for Global Top 10 by 2025

Tuesday 31st October 2017 | 0 Comments

With new factories in Europe and now also the US Nexen Tire is growing in terms of global production capacity. However, the firm is also investing in developing its brand, especially in terms of football sponsorship. Recently Tyres & Accessories looked into how the company is combining the two in order to meet its goal of entering the global top 10 by 2025. In 1976 Kettering Tyres paid local football club Kettering Town FC to print its logo on the front of the team shirt. The move caused ructions in what was then known as the first division and didn’t last long, but it did set a precedent for sponsorship that went to the next level this year. 41 years later, shirt sponsorship in the English Premier League (called Football League First Division back then), which brought in £226.5 million in sponsor revenues during the 2016-17 season, is very big business.

Continue Reading

September UK car manufacturing goes into reverse amid Brexit uncertainty

September UK car manufacturing goes into reverse amid Brexit uncertainty

Thursday 26th October 2017 | 0 Comments

UK car manufacturing fell in September, with year-on-year output declining -4.1 per cent, according to figures released today by the Society of Motor Manufacturers and Traders (SMMT). 6,500 fewer cars rolled off production lines than in the same month last year, with a total output of 153,224.

Continue Reading

East European Trailer Market hit by more falls in Turkish vehicle demand

Tuesday 17th October 2017 | 0 Comments

Market analysts at Clear report that the Eastern Europe trailer market has been hit by a severe downturn in the Turkish market for commercial vehicles. The forecast for Turkey in 2017 is for a fall in trailer demand of 29 per cent on the back of large declines in 2015 and 2016. Political instability had already undermined business confidence in early 2016 and then in mid-year there was an attempted military coup. This had a dire and worsening effect on business investment. As a result, a further 19,700 trailers have been wiped from the Turkish forecast.

Continue Reading

Linglong’s dandelion and polyurethane tyres on-show at Tire+

Linglong’s dandelion and polyurethane tyres on-show at Tire+

Tuesday 10th October 2017 | 0 Comments

Continuing the theme of technological development, Linglong Tire – a top five Chinese tyre enterprise – exhibited a number of technological developments including its: a dandelion natural rubber-based tyre, a tyre featuring a graphene compound and a polyurethane tyre manufactured with 3D printing techniques.

Continue Reading

Pirelli produces bespoke P Zero tyre for new Hyundai i30 N

Pirelli produces bespoke P Zero tyre for new Hyundai i30 N

Friday 6th October 2017 | 0 Comments

Pirelli has engineered a tailor-made version of its P Zero tyre for the new Hyundai i30 N in size 235/35 R19. The new OE-tyre is produced at Pirelli’s Settimo Torinese, Italy factory. To identify the P Zero specially made for the i30 N, the sidewall includes an `HN` mark.

Continue Reading

Goodyear gets first Boeing 777X tyre certification

Goodyear gets first Boeing 777X tyre certification

Wednesday 27th September 2017 | 0 Comments

The Boeing Company has certified The Goodyear aviation tyres for its 777X airplane. With this designation, the Goodyear Flight Radial becomes the first product to receive Boeing system part certification for the 777X.

Continue Reading

Tesla to launch electric truck

Monday 25th September 2017 | 0 Comments

Tesla is set to launch its first autonomous electric lorry next month as the company attempts to break into the commercial vehicle market. The Tesla Semi truck is scheduled to be unveiled on October 26 and is expected to have a working range of 200 to 300 miles, making it more suitable for inner-city transport than long-distance motorway haulage.

Continue Reading

Nexen OE on Volkswagen group models

Nexen OE on Volkswagen group models

Monday 25th September 2017 | 0 Comments

Nexen Tire is supplying itsN'blue HD Plus tyre to Volkswagen, Seat and Skoda. The company’s N'blue HD Plus in size 215/45R17 91W will be fitted to the upgraded Volkswagen Polo. The same tyre in sizes 205/60R16 92V and 215/60R16 95V was selected for the Volkswagen T-Roc, a new compact SUV manufactured in Portugal.

Continue Reading