Cooper Tire & Rubber has announced that its stockholders voted to approve its pending merger with a wholly-owned subsidiary of India’s Apollo Tyres, with more than 74 per cent of Cooper’s outstanding common shares voted in favor of the transaction. Approximately 78 per cent of Cooper’s outstanding common shares were voted, with more than 48 million shares voted in favor of the merger, representing approximately 96 per cent of Cooper’s voted shares.
Around €40 million will be invested in Continental’s Korbach factory in Germany by 2018, the tyre maker reported on 30 September. The company’s Tire Division will use these funds to establish a specialist production line for 19 to 22-inch passenger car and light commercial vehicle tyres to meet growing international demand from both the original […]
It gets underway tomorrow, and UK motorists will be put under pressure to ensure their tyres are properly inflated. The Tyre Safety Month campaign, organised by no-profit road safety group TyreSafe and supported by thousands of garages and other organisations across the UK, will be encouraging drivers to make monthly checks on their tyre pressures to ensure they remain safe on the road.
As work on Sumitomo Rubber Industries’ tyre plant in Brazil nears completion, groundbreaking was held for the company’s second tyre factory outside of Asia. On 18 September, a groundbreaking ceremony was conducted at the Sumitomo Rubber AKO Lastik Sanayi ve Ticaret A.S. (SAT) factory site in Turkey’s Cankiri Province.
Dunlop Aircraft Tyres has shared details of its latest long-term supply contract. The company will provide new and retreaded tyres to Czech Republic carrier Travel Service Airlines’ fleet of 23 Boeing 737 Next Generation aircraft, as well as to the four Boeing 737 Next Generation planes flown by its low-cost subsidiary SmartWings. The supply deal includes nose and main wheel tyres.
Pirelli’s already done much to indicate it will remain the sole Formula One tyre supplier in 2014 and beyond, but so far no official agreement to this effect has been formalised. Yet the tyre maker’s motorsport director Paul Hembery says that much of the work towards a new agreement is complete.
Europe, beware – winter is coming, and there’s nothing you can do to stop it. The first snow has already fallen in the mountains of Switzerland, and that means the start of a new winter tyre season. Van den Ban (VDB), however, reports itself winter ready and says its expanded assortment of winter tyres is even more extensive compared with prior years.
When Pirelli’s Board of Directors approved a number of changes to the company’s management structure yesterday, it confirmed that position of chief commercial officer will no longer be required. The position will disappear from Pirelli’s management structure at the end of this year and the incumbent chief commercial officer, Andrea Pirondini, will leave Pirelli.
The various local Vredestein Facebook pages were recently merged into a single global account in order to give the company’s products better international exposure, and Vredestein reports gaining more than 10,000 fans within the space of four weeks as a result. The new global page can be found at www.facebook.com/Vredestein.
This year, German motoring organsiation the ADAC got together with its Austrian and Swiss counterparts, the ÖAMTC and TCS, to produce its winter tyre test. Two sizes – 185/60 R15 T and 225/45 R17 H – were tested, and in both size categories Continental and Michelin received a “good” recommendation with their ContiWinterContact TS 850 and Alpin A4. Four products were rated “inadequate” by the testers.
A new management role, that of ‘general manager operations’, has been created at Pirelli, and Gregorio Borgo has been appointed the first incumbent. Borgo, currently head of Pirelli’s Asia-Pacific region, will report directly to company chairman and chief executive officer Marco Tronchetti Provera in his new position.
A £1.5 million government grant is winging its way to Dunlop Aircraft tyres. The grant was awarded by the Government’s Technology Strategy Board and the funds will aid the Birmingham-based company in its development and testing of tougher, lighter aircraft tyres.
Bridgestone claims it “pushes back the boundaries of performance and tyre life” with it latest trailer axle truck tyre, the R168Plus, and states the tyre offers vastly superior tear resistance, lower rolling resistance and longer tyre life.” The R168Plus will be available in size 385/65R22.5 as of 1 October and is aimed at both the original equipment and replacement markets.