Tyrepress

Featured Articles

UK new car sales fell 44.4% in March due to coronavirus

The UK new car market declined -44.4 per cent in March, according to the Society of Motor Manufacturers and Traders (SMMT). 203,370 fewer cars were registered than in March 2019, as showrooms closed in line with government advice to contain the spread of the coronavirus.

The rest of this article is for subscribers only:
Log in Subscribe

Continue Reading
No 2019 dividend, updated 2020 guidance: Pirelli strives to mitigate COVID-19 impact

The Board of Directors of Pirelli met last Friday to take stock of the COVID-19 crisis and its detrimental effect upon global economic outlook. During the meeting, they decided the scenario that forms the basis of the 2020-2022 Industrial Plan, which Pirelli presented on 19 February, no longer applies. The Board has therefore decided to reformulate Pirelli’s targets for 2020 “in light of the elements available today” and has also cancelled the distribution of dividends for 2019 for the time being and revised its 2020 renumeration policy.

The rest of this article is for subscribers only:
Log in Subscribe

Continue Reading
Insolvency proceedings begin for 7 Fintyre Group companies in Germany

Insolvency proceedings begin for 7 Fintyre Group companies in Germany

The rest of this article is for subscribers only:
Log in Subscribe

Continue Reading
Davanti unveils wave of new product, partnership news at first conference

Davanti marked its fifth anniversary with its first international dealer conference at the end of February. The tyre brand hosted more than 150 attendees by Everton Football Club’s Goodison Park, where it’s development director Gary Cross took the opportunity to announce its upcoming products, including range extensions and what might be called the second generation of Davanti tyres given the new naming conventions first introduced in the Wintoura winter tyre and Terratoura all-terrain 4x4 tyre ranges. Davanti sales director for UK and Ireland Sean Maddocks also presented observations on tyre markets, the development of the brand’s global dealer network over the past five years, and its commercial partnerships including the renewal of its official brand partnership with Everton FC.

The rest of this article is for subscribers only:
Log in Subscribe

Continue Reading
Continental withdraws outlook for ‘uncertain’ 2020

The entire automotive industry has been impacted by the coronavirus pandemic, and companies are taking steps to ensure their survival. Continental has provided an update on the latest measures being implemented, including reduced working hours and displays of executive solidarity. It has also buried its outlook for 2020.

The rest of this article is for subscribers only:
Log in Subscribe

Continue Reading

Company News

JATO Dynamics appoints new CEO

JATO Dynamics, which provides global automotive data, has David Krajicek as its CEO, effective 13 April 2020. Dr Krajicek has over 25 years’ experience. He joins from GfK where he had been at the helm as CEO of GfK Research since 2017.

UK News

Corghi offers upgraded wheel balancers

Corghi has upgraded its range of wheel balancers for premium garage work with the new Plus classification distinguishing advanced features and benefits. The latest machines are available exclusively through Rema Tip Top in the UK.

Product News

The ingredients for perfect OTR tyre repair

OTR tyres that last longer save users money, observes Monaflex Repair Systems. An important factor determining tyre lifespan is the quality of repairs made to tyres. The company behind the Monaflex system thus poses the following question - how do you achieve the best possible tyre repairs? It encourages everyone undertaking OTR tyre repairs to consider six key points.

International News

Dayco invests in new Brazilian campus

Dayco will open a new South American plant in Indaiatuba, Brazil. The engine products and drive systems supplier says the new plant will improve the company’s distribution, production and technological capabilities in South America and support its fast-growing aftermarket business in the region.

Career Tracks

Jukka Hienonen becomes chairman of Nokian Tyres’ BoD

Nokian Tyres has appointed Jukka Hienonen chairman of its Board of Directors. Kari Jordan is deputy chairman.

Motorsport News

Mercedes AMG F1 team producing CPAP breathing aids to help Covid-19 patients

Following government calls for automotive manufacturers to assist with ventilator production during the Covid-19 crisis, the Mercedes AMG F1 team has developed a breathing aid designed to help keep patients out of intensive care. The device was adapted by mechanical engineers at UCL and clinicians at UCLH working with Mercedes-AMG High Performance Powertrains (Mercedes-AMG HPP) and has been approved for use in the NHS.

Retreading News

Bibby chose Bandvulc for third consecutive contract

Prior to Bandvulc’s contract with CSG, in autumn 2019, the fleet tyre and retread specialist entered its third contract term with distribution giant Bibby.

Comment

Cooper Tires relaunches plant after acquiring Mexico JV

After purchasing its former partner’s 42 per cent share in the Corporación de Occidente S. A. de C.V. (COOCSA) joint venture in Mexico, Cooper Tire & Rubber halted passenger and commercial vehicle production at the site and re-hired the workforce there as employees of Cooper Tires. Brad Hughes, the tyre maker’s president and chief executive officer, reports that Cooper Tires is “now in the process of ramping production back up” at the site. Restructuring the plant will cost the company around US$10 million, an expense that will mainly occur in the first quarter of 2020.