On 29 September Marco Polo Industrial Holding S.p.A purchased 45,143,033 ordinary Pirelli & C. S.p.A. shares representing approximately 9.5 per cent of the company and 190,307 savings shares from certain investment funds managed by Paulson at a price of Euro 15.00 per share.
There’s a lot of talk within the tyre market at the moment – particularly in the retreading business – about tyres imported from the Far East, tyres that sometimes cost barely half as much as a new, European-made truck tyre and therefore make life very hard for many retreaders. But even though the market weakness that follows these imports is a point of concern for all involved, the problems that arrive along with these budget tyres don’t affect everyone equally.
Some industry observers assumed that the CrossClimate, the Michelin summer tyre certified for winter use, would blow away the competition in this year’s spate of all-season tyre tests. However results from the Auto Bild test published last week (issue 39/2015) show this not to be the case – a new tyre from former all-season segment top dog Goodyear dominated the results.
Just a few months after the partnership between the Marangoni Group and Leader Rubber Co. S.A., a leading South African retreading materials supplier, began with the intention of supporting Marangoni’s African market development, Auto & Truck Tyres (A&TT), the biggest retreader in the region, has completely upgraded its plant in Wadeville, Johannesburg. This large A&TT […]
USA-based Sumitomo Rubber Industries subsidiary Falken Tire Corporation has entered into a multi-year marketing agreement with Major League Baseball (MLB). This partnership is Falken Tire Corporation’s first deal with a professional sports league; for the past 30 years it has focused on motorsports marketing.
Trade values of Volkswagen vehicles have fallen 3 per cent following news of the emissions scandal, according to figures from Glass’s. The figures may be marginal when considered in detail, but they go against the flow of the market.
Trade values of all Volkswagen used cars in the Glass’s database are currently the same as they were at the beginning of September. However, the overall used car market has seen an increase of 2.1 per cent during the same period – meaning that the value of the VWs have effectively fallen by 2.1 per cent.
Belgian forklift tyre (FLT) and wheel distributor Varius NV has been appointed a Starco Selected Dealer for these products. The independent FLT segment specialist is a small but growing company and offers specialist sales and mounting support services to major FLT and port equipment operators in the Antwerp region.
It’s already gained the attention of Auto Express’s tyre testers, been rated “exemplary” and taken top honours in this month’s Auto Bild test of ten all-season tyres, and gained approval as original equipment on Audi, Ford, Vauxhall/Opel and Renault models. Therefore it’s high time that we report the launch of the second generation Goodyear Vector 4Seasons.
A safer roads service that allows car, van and lorry drivers to quickly check their vehicle’s tyre pressures before resuming motorway journeys has been extended until the end of the year. The project was launched in April 2015 for an initial three month trial period, but was so successful – with more than 1,000 vehicles being tested a week – that the decision was taken to continue the scheme through to Thursday 31 December.
Rural community retailer Countrywide has appointed ATS Euromaster to provide its tyre maintenance and checks across all 14 of its operating centres in the South West, Cotswolds, Midlands and Wales. The 80-strong Countrywide commercial vehicle fleet ranges from vans to articulated trucks and was previously serviced through a range of independent dealers.
Indian tyre maker MRF Ltd reports it has signed a Memorandum of Understanding with the Government of Tamil Nadu to invest at least Rs 45 billion (£446.4 million) in two plants located within the state over a seven-year period.
Dunlop and the Road Haulage Association (RHA) are partnering to raise awareness of what they say is a looming transport crisis, which threatens to bring industries such as manufacturing, retail and logistics to a grinding halt in the UK. The HGV Heroes campaign highlights the impact that HGV driver shortage is going to have across the country.
Sumitomo Rubber Industries is set to raise car tyre production capacity in Thailand by 9 per cent in response to strong exports to the US and anticipated sales growth in Southeast Asia, according to a Nikkei report.