Max Power London is back, offering a weekend of modified motors, stunt driving action and in-car-entertainment. On the 27th and 28th November thousands of car enthusiasts will be making their way to the Dockland’s ExCeL Centre to catch a glimpse of the six best modified motors in the world that will be on display at this year’s show.
Michelin Italiano Spa and Elyo Italia have agreed a 400 million euro contract to build and manage a cogeneration unit at the Michelin Italiana plant in Cuneo, northern Italy. The 50 MW facility will supply all the electrical and thermal power required by Michelin’s largest plant in Italy.
The companies say that the 15-year contract will conform to the most stringent European and national energy efficiency regulations. According to the Elyo, “the electric and thermal power cogeneration production system will help to significantly reduce polluting emissions (carbon dioxide and nitrogen oxide) into the atmosphere. The acoustic impact, both inside and outside the Michelin plant, will also be extremely limited.”
A report by the US Insurance Institute for Highway Safety (IIHS) has found that the use of ESC systems can reduce the risk of fatal crashes by 34 per cent, the risk of single-vehicle fatal crashes by 56 per cent and thereby save thousands of lives a year.
Goodyear currently supplies tyres to NASCAR’s top three professional series through an exclusive contract the tyre manufacturer has until 2007. However there are reports that Bridgestone/Firestone and BF Goodrich are keen to launch a competitive bid for the contract when Goodyear’s agreement runs out.
Yokohama Rubber has announced that it will invest some 10 billion yen (£50. 9 million) at its Yokohama Tire Philippines subsidiary in a bid to increase its production capacity to 7 million tyres, by September 2006.
The Trelleborg Group has reported what it calls “stable profit trends” in its third quarter results. According to the company, profit after financial items, before goodwill amortization and for continuing operations, rose by 36 per cent.
The EU Commission has given Continental the okay for its proposed takeover of Phoenix. “Therefore, there is nothing in the way of a merger of these two historic German companies anymore and we will find ourselves well positioned to deal with the worldwide competition,“ said Continental executive board chairman, Manfred Wennemer.
Trelleborg AB has called for negotiations with the relevant unions about the closure of its manufacturing facility in the town of Trelleborg. The company says the decision has been made against the background of a diminishing market for the type of agricultural tyres it produces in the town.