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You are here: Home1 / Poll2 / 20053 / April

All The Fun Of The Fair With BEN

Product News

On Saturday 16 July, BEN, the Motor and Allied Trades Benevolent Fund will, for one night only, transform the grounds of Lynwood, its residential centre near Ascot, into a traditional fairground with a difference.

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Related news:

  1. Macgowan to Step Down as SMMT Chief at End of 2007
  2. BEN Sets Sail for Charity
  3. BEN: ‘Fund Us or Lose Us’
  4. BEN to Host Evening Reception at St James’s Palace
29th April 2005/by admin

On ‘Yer Bike

Product News

Two ArvinMeritor LVA employees are taking up the BEN Centenary Aftermarket Challenge, as they attempt to cycle the full length of the country, from Lands End to John O’Groats. The money raised will go towards supporting auto industry employees and their dependents who find themselves in need of help.

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  1. MAHA Commits to Aftermarket Show
  2. Vacu-Lug Responsible for Novateck Production and Distribution
  3. Continental Appoints New UHP Sales Development Manager
  4. Trelleborg Appoints New Galaxy Brand Manager
29th April 2005/by admin

Race Team Goes For Pole Position With Beissbarth

Product News

Beissbarth’s wheel aligner technology continues to be the top choice for motor sport, says Beissbarth UK, announcing that the ML8R Easy Wheel Aligner has been selected by the RML team for one of their busiest seasons.

The Chevrolet Lacetti WTC will tackle rounds three and four of the 2005 World Touring Car Championship in Magny-Cours, France. In Magny-Cours, the team will be closely watched by Nick Reilly, CEO of GM Daewoo Auto & Technology in South Korea. “We’ll do our best to put up a good show for the boss,” said Mark Busfield, project manager, Chevrolet WTCC, “we are now looking at qualifying in the top 15.”

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Related news:

  1. European Garage Equipment Market Survey
  2. Russian Scientist Sentenced for South Korean Espionage
  3. John Bean Alignments V3D Makes Alignment ‘Child’s Play’
  4. Analysts say Euro Auto Industry up 5%
29th April 2005/by admin

Former Michelin Man Returns to Renault

Product News

Carlos Ghosn, former chief operating officer of Michelin North America, has been appointed as chief executive of Renault. The well-known executive, also known as “the cost killer,” is a celebrity in Japan due to the radical turnaround he led at Nissan.

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Related news:

  1. Michelin North America Announces Price Increases
  2. Michelin to Sell Agri Tyres in Mexico
  3. Michelin Discontinues Bias-Ply Agricultural Tyres in North America
  4. Michelin North America Announces Price Increases
29th April 2005/by admin

JP Morgan: Goodyear Shares ‘Overweight’

Product News

JP Morgan analysts have changed Goodyear’s share rating from “neutral” to “overweight,” while raising their estimates for the company. The analysts mentioned that the company’s share price has depreciated by 22 per cent year-to-date, creating an attractive investment opportunity. According to the analysts Goodyear is likely to benefit from moderating raw material costs in the short term and a healthy pricing environment globally. JP Morgan raised earnings per share estimates for 2005 and 2006 from $0.65 to $0.80 and $0.75 to $0.90 respectively.

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Related news:

  1. Goodyear’s Turnaround Delayed?
  2. Backlash to Goodyear profit re-statement
  3. Goodyear Shares Overweight
  4. Union Ends Talks With Goodyear
29th April 2005/by admin

Earthmover Tyre Shortage

News

Deutsche Bank analysts have confirmed what industry insiders were already thinking, there is a shortage of earthmover tyres. However, this provides numerous opportunities for the right parties. Operating profit margins are high, reaching double digit levels. Despite this the sector is relatively small with annual sales worth $5.5 billion, or 7 per cent of the $80 billion world market. According to the analysts, the earthmover sector is dominated by the “big three.” Bridgestone is said to hold a 60 per cent market share, followed by Michelin with 30 per cent and Goodyear with 10 per cent.

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Related news:

  1. Nokian Reports Record Car Tyre EBIT
  2. Tyre Industry Needs 4% Price Hike to Offset Natural Rubber Costs
  3. Titan CEO: ‘markets are going higher’
  4. Wholesale destocking leads to 10% fall in US tyre shipments
29th April 2005/by admin

Continental Pleased with Situation in Czech Republic

Product News

Looking back at its decision to operate a plant in the Czech Republic, Continental AG says it is pleased with the situation in the country. The company reports that is plans are on track and it has noticed some real benefits of operating in this area. For example, the elimination of border controls on what used to be the EU frontier has noticeably reduced transport times. What’s more, the paperwork involved and the costs entailed are also said to have been cut. Purchasing is also benefiting from improved material procurement from all of Eastern Europe, the company says. “Continental AG decided in favour of an engagement in the Czech Republic 12 years ago, and thus very early on. This has long since proved to have been a smart move. The EU’s eastward expansion makes the location even more attractive,” said Manfred Wennemer, chairman of Continental’s executive board, on the occasion of Czech president Vaclav Klaus’ visit to the company’s Otrokovice factory.

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  1. Kumho Plans Major Capacity Boost at New Plant
  2. Vipal Using Local Partners to Grow in Eastern Europe
  3. New Facility Ensures Room for Growth at Inter-Sprint
  4. Goodyear Spends on Chilean Production Expansion
29th April 2005/by admin

Toyo Drives Towards Growth with Engine

Product News

Toyo Tyre UK has appointed Engine, a cross-media design agency, to handle the first phase of its new UK marketing communications programme. This will involve the creation of brand new press advertising campaign with a total budget of £600,000.

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  1. New Toyo Advertising Campaign
  2. Toyo Steps Out With New Luxury Line
  3. Toyo Backs British Motorsport
  4. Apollo – We Want to Do Something for Indian Tennis
29th April 2005/by admin

New Disc Brake Catalogue

Product News

Honeywell Friction Materials has introduced the 2005 edition of the Bendix and JURID Disc Brake Catalogue for passenger cars and light utility vehicles. Containing over 1000 pages, and with a new cover design, this catalogue proposes a full range of disc brake products including brake pads, brake discs, disc kits (boxed set of pads with corresponding discs) as well as accessories and wear indicators.

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Related news:

  1. New Jurid Friction Catalogue
  2. New Brake Pad and Disk Catalogue
  3. The German Motoring Press Awards Pirelli
  4. Motaquip: Poor Quality Wheel Bearings ‘Threaten UK Aftermarket’
29th April 2005/by admin

Unipart Profits Up

Product News

The Unipart Group of Companies, one of Europe’s leading privately–owned distribution and logistics businesses, has reported sales for 2004 of £1.064bn (2003: £525.8m) and a net operating profit of £25.4m (- £1.3m). After tax, interest and other charges, the Group reported a profit of £26.3m (£0.9m).

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Related news:

  1. DHL Europe Launches Tyre Industry Transport Solution
  2. Continental Investing in Romania Tyre Distribution Centre
  3. JV Formed for Shock Absorber Supply in Europe
  4. Michelin to Reorganise Italy Operations
29th April 2005/by admin

New Sales and Marketing Manager at Sapphire Energy Recovery

Product News

Sapphire Energy Recovery, one of the UK’s leading end-of-life tyre disposal companies, has appointed Ryan Mifflin as sales and marketing manager. Mr Mifflin joins Sapphire from Lafarge Cement UK where he was responsible for brand development and sales and marketing strategy. As one of his first tasks, the new sales and marketing manager will be launching “the ultimate solution” campaign to help raise awareness surrounding end of life tyre disposal.

In his new position Mr Mifflin will be responsible for all marketing and commercial activities. Ryan explains: “My focus will be to raise the profile of what Sapphire offers the tyre industry along with further developing our approach to customer service excellence.”

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Related news:

  1. Pirelli Appoint New Aussie Marketing Manager
  2. MAHA Boosts its Sales Team
  3. Sapphire Processes 50 Millionth Tyre
  4. Sapphire Launches Retailer Connect Service
29th April 2005/by admin

India: The Fastest Growing Car Producer in the World

Product News

(India/Rubber Asia) In 2004 India recorded the fastest growth among the top 15 passenger car producing countries in the world, according to the Paris-based International Organisation of Motor Vehicle Manufacturers (OICA). As per the OICA’s latest rankings, India’s car production grew 30 per cent in 2004. Brazil came second with 17 per cent growth. What’s more, India is just a step away from being one of the 10 largest automobile producers in the world. The country jumped up two places to 11th.

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Related news:

  1. Automechanika Canada Debuts
  2. Automechanika Malaysia to Promote ASEAN Auto Industry
  3. Automechanika Returns to Malaysia in March
  4. Evergreen Global Ready to Enter Europe
29th April 2005/by admin

Titan Announces First Quarter Results

Product News

(Akron/Tire Review) Titan International Inc has reported record first-quarter net income of $11.2 million, up 111 per cent from last year’s first quarter. Net sales were $136.1 million for the first quarter, ended 31 March and gross profit was $24 million. Basic earnings per share also set a record at $0.68 for the quarter, the company said. Classified by segment, revenues were $89 million for agricultural, $39 million for earthmoving/construction and $7.5 million for consumer.

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Related news:

  1. Titan Takes Third Extension on Goodyear Deal
  2. USW Reacts to Taylor Freeport Threat
  3. Goodyear/Titan Rumours Turn Out to Be True
  4. Equity Firm Calls Off Titan Buyout
29th April 2005/by admin

Cambridge-MIT Institute publishes ‘Who killed MG Rover’ Report

Product News

The Cambridge-MIT Institute’s Centre for Competitiveness and Innovation (CCI), at the University of Cambridge has published a 33-page report investigating the final collapse of the MG-Rover in April 2005. Report authors Dr Matthias Holweg and Professor Nick Oliver investigate the final collapse of MG-Rover in April 2005, and address two main questions. First, what were the reasons for the final collapse, and was this avoidable? Second, who or what was responsible for the circumstances that put MG Rover in such a precarious position, and what critical choices sealed the fate of Rover?

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Related news:

  1. Tyre Recycling in the Philippines
  2. Michelin Motorbike Price Increase
  3. Tyre Recycling Technology Successfully Tested in Wales
  4. Finichi Releases 20-Inch Rimini Rim
29th April 2005/by admin

Maha Doubles Truck Brake Tester Sales

Product News

MAHA UK Limited reached a milestone in UK growth when it received its 500th order for a truck brake tester at the recent CV/AT Show. The sale of MAHA truck brake testers in the UK has grown from only 1 sold in 1997 when MAHA UK started trading, to more than 500 in the UK market today.

MAHA UK now claims the position of market leader when it comes to truck brake testers and has recently won the tender to supply brake testers to VOSA for roadside testing. MAHA is the preferred supplier to Scania worldwide and MAHA UK also supplies truck brake testers to all the leading truck manufactures and bus companies throughout the country. MAHA has even supplied a truck brake tester to a workshop in the Shetland Islands.

Commenting on the development Gus Gregory, managing director of MAHA UK said: “The growth of MAHA truck brake testers must prove we have the best product, backed up by a nationwide service department.”

Read more

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  1. MAHA and Scania Sign Global Agreement
  2. Improved Varta PROmotive CV Batteries
  3. Pit Jacks Gain Approval
  4. A1GP Cars to Race on the Streets of Manchester
29th April 2005/by admin
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