Company News

Tyre manufacturer share prices fall as demand loses pressure

Tyre manufacturer share prices fall as demand loses pressure

Shares in tyre manufacturers dropped by as much as 9 per cent on Friday 19th October 2018, following Michelin reports that third quarter demand was down and that it was not expected to improve in the fourth quarter. Shares fell 6 per cent in early Paris trading to a seven-year low, but continued downwards and were down more than 9 per cent by mid-afternoon to 89.54 euros.

Continue Reading





Product News

Continental wins in sport auto tyre test

Continental wins in sport auto tyre test

If I were a winter tyre developer at Continental, I’d be getting smug by this point in time. The brand can boast yet another tyre test win, this time with sport auto. The German performance car magazine has named the WinterContact TS 850 P victor of its six-brand test.

Continue Reading

International News

Linglong confirms $300 million deal for Brazil, Paraguay

Linglong confirms $300 million deal for Brazil, Paraguay

Linglong Tire confirms the signing of a US$300 million deal with Paraguay-based tyre distributor Sunset Tires. Wang Feng, chairman of Linglong Tire, put his signature on a strategic cooperation agreement along with Nabil Chamseddine, chief executive officer and president of Sunset, on 12 October.

Continue Reading

Career Tracks

Personnel changes at Giti Tire Europe

Personnel changes at Giti Tire Europe

Changes are afoot within Giti Tire’s European sales and marketing team. Torsten Gehrmann, senior managing director Europe, has assumed leadership of sales and marketing for the DACH (Germany, Austria, Switzerland) region as well as for Italy and Spain. Stefan Klein, who previously headed sales and marketing in DACH, will part ways with Giti Tire on 31 December 2018, a little over a year after he joined the company.

Continue Reading

Motorsport News

MotoGP – an ongoing challenge

MotoGP – an ongoing challenge

Michelin has produced a second video covering its engagement as MotoGP tyre supplier. The English-subtitled video follows on from the short film released at the end of the 2016 season, Michelin’s first as exclusive supplier following an eight-year hiatus, and takes a behind-the-scenes look at the French tyre firm’s latest achievements in the sport.

Continue Reading

Retreading News

Port Express signs Vacu-Lug Tyre Management for compliance, efficiency

Port Express signs Vacu-Lug Tyre Management for compliance, efficiency

UK container transport service company Port Express has selected Vacu-Lug Tyre Management as its dedicated tyre management solutions partner. The company operates a fleet of more than 90 vehicles and 150 dedicated trailers from its depots in Felixstowe, Southampton and Birmingham. Port Express will utilise Vacu-Lug’s Tyre Rescue service to reduce downtime.

Continue Reading

Comment

Amazon’s increasingly influential role in tyre sales

Amazon’s increasingly influential role in tyre sales

This year Amazon really stepped up its presence in the tyre space, especially in the USA where the company is now dominant across online retail in general. To be specific, a whopping 50 per cent of everything bought online is from Amazon. But these figures are not just an American phenomenon. In the UK, 33 per cent of online retail is conducted through Amazon. This makes Amazon the fifth biggest retailer in the UK, just behind the big supermarkets. The point is that, now we know Amazon is moving into the tyre space, anything that is happening in the US has resonance in the UK market as well.

Continue Reading