Avon Tyres supplies slick tyres for Rodin FZED single-seater
Rodin Cars has enlisted Avon Tyres to supply its radial slick tyres for its new FZED single-seater, which is on sale for £500,000.
Rodin Cars has enlisted Avon Tyres to supply its radial slick tyres for its new FZED single-seater, which is on sale for £500,000.
Despite intense pressures facing the wider tyre industry, on 8 May 2020 Cooper Tire & Rubber Company maintained a long unbroken streak of quarterly dividends, when it declared a dividend of 10.5 cents per share on common stock, payable 26 June 2020 to stockholders of record at the close of business 1 June 2020. This is the 193rd consecutive quarterly dividend paid by Cooper Tire & Rubber Company.
Kenda has signed up Jeff Ward as its latest brand ambassador. The British-American multi-time AMA Motocross, Supercross, Supermoto champion, 7-time international MX des Nations champion, X Games gold medallist and AMA Motorcycle Hall of Fame inductee joins Motocross Hall of Famer and X Games Gold Medallist Doug Henry in this role.
Originally scheduled to take place between 17 and 19 August this year, the 18th edition of the China International Tire Expo (CITEXPO) has been postponed due to the COVID-19 crisis. The tyre and wheel trade fair is now scheduled to return to the Shanghai World Expo Exhibition & Convention Center between 16 and 18 August 2021.
A week ago, Bridgestone announced its acquisition of 42 Reiff Reifen und Autotechnik retail outlets in Germany from the now-bankrupt Fintyre Group business. The insolvency administrator handling the Fintyre case reports that buyers have also been found for two further Fintyre businesses, Duro Reifenservice GmbH and Reifen24 GmbH.
In March, the rapid spread of COVID-19 began to drastically impact almost all industries across Europe. Some had to accelerate production to address a sudden spike in demand while others cut back production in response to declining demand and as a means of limiting the further spread of the virus.
Venson Automotive Solutions is urging fleet managers to encourage company car drivers to ensure their vehicles are road ready as the nation anticipates an easing of lockdown. The advice from Venson follows its latest survey of UK motorists which revealed that one in five do not know when their MOT is due, and 69 per cent are unclear about when the Government’s six-month MOT exemption came into play.
A study earlier this year concluded that electric cars are much better for the climate than petrol cars in 95 per cent of the world. Other research last week found that on a yearly basis, electric cars (9,435 miles) are driven 26 per cent more miles when compared to petrol cars (7,490 miles).
Cooper Tire & Rubber Company has reported a first quarter 2020 net loss of $12 million, compared with net income of $7 million in same period last year. Unit volume decreased 15.8 per cent compared to the first quarter of 2019. Net sales decreased 14.1 per cent to $532 million. Operating loss was $6 million, or 1.2 per cent of net sales, compared to operating profit of $26 million, or 4.3 per cent of net sales, in 2019.
The Ronal R62 design was only available in two surface finishes. On request plastic elements could be added in three different colours. But now a new trend is being reflected in available finishes.
Mak, a leading player in the Italian aftermarket alloy wheel segment, has announced that it will release 11 new models. At the same time, the company has also announced that Jeep and Tesla drivers will be able to equip their cars with dedicated MAK wheels – the Liberty for Jeep and Voltage for Tesla.
Hankook Tire has reported consolidated global sales of KRW 1.4358 trillion (£945.0 million) for the first quarter of 2020, around 12.6 per cent less than in the opening quarter of last year. Operating profit decreased 24.8 per cent year-on-year to KRW 105.9 billion (£69.7 million).
Dismal new car registration figures in April conceal a milestone for the UK motoring public – for the first time ever, an all-electric model topped the passenger vehicle sales charts. But when it comes to overall new registrations, top of the heap during the month was a van.
Cooper Tire Europe has launched a new all-terrain, all-season SUV tyre – the Cooper Discoverer A/T3 Sport 2. The tyre balances on-road stability and off-road capability. It carries the Three Peak Mountain Snow Flake and M+S ratings for harsh winter conditions and slippery surfaces.
TECH Europe has partnered with Italmatic as its new distributor in Italy. According to the company, the news means Italmatic is “positioned now more than ever to offer a complete line of tyre repair materials and wheel service solutions to the Italian market, which includes everything from motorbike to OTR repairs, along with the essential chemicals and tools to ensure a safe and high quality repair”.
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