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BMW Chief Milberg Does Not Convince The Press

It seems that BMW’s CEO Joachim Milberg may be close to being dismissed. The German magazine stern reports that the major shareholder – the Quandt family – has lost confidence in Milberg due to his mis-handling of the problems associated with daugther company Rover. The BMW boss also left many questions unanswered at a press conference on 17th March. For example, he and his colleagues neglected to mention the planned sale of Land Rover to Ford. Milberg also responded with ‘no comment’ to the question why had three colleagues been forced to leave the company over the Rover fiasco when Milberg himself and the boss of the Supervisory Board Doppelfeld had been the ones responsible? The Quandt family owns over 40% of BMW’s shares and they have said that they would never entertain a take-over bid for the company. In the light of recent events, many people are sceptical of such statements.

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Cooper To Raise Prices In US

An item in our ‘News In Brief’ for 13th March suggested that tyre prices in the USA would soon rise. Since then, the Cooper Tire & Rubber Co. has announced price increases of between 2 and 5% for passenger and light truck tyres, effective mid-April. Increases in raw material costs were cited as the reason for the rise, which applies only to the US market.

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Continental Changes Agricultural Tyre Organisation

Werner Flebbe has been made responsible for Continental’s entire agricultural tyre business. Marketing and sales worldwide will be managed by Thorsten Bublitz and OE business worldwide by Fritz Reupert. Reupert’s successor for aftermarket business is Rainer Lüpkes.

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  3. Bridgestone Signs Supply Agreement with Volvo Group
  4. Fendt Gives CGS Tyres Four As

Tyres And More With Michelin

Consumers can boost their air miles accounts with Lufthansa by 2,000 miles if they buy four Michelin Pilot tyres and are willing to fill out a customer survey questionnaire. More information is available from Michelin in Karlsruhe or from Michelin trade partners, although they were not able to answer questions from this magazine.

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Russian – Made Tyres For Conti?

An article in the newspaper Handelsblatt suggested that Continental is about to open a tyre factory in Moscow and that negotiations were close to final agreement. An investment in the region of 30 million Euros was reported. In September last year, Neue Reifenzeitung reported on negotiations between Continental and Moskauer Reifenwerke, which was very close to bankruptcy, although the financial situation may have improved as the main shareholder Yukos has sold its stake in the company. NEUE REIFENZEITUNG asked Continental for more details, but the company said it was not in a position to comment and could not confirm the figures quoted. Continental is only one of the tyre companies involved in negotiations in this area, with Michelin being another.

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New Pirelli Germany Finance Chief

Michael Schwöbel (37), who has been with Pirelli since 1982, has been appointed to the board of Deutsche Pirelli Reifen Holding GmbH, with immediate effect, responsible for finance and control. His predecessor, Claudio de Conto, has been appointed Director of Planning and Controlling at the parent company in Milan.

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Changes at ContiTech

The new Managing Director of ContiTech Vibration Control is Heinz-Gerhard Wente (49). Wente succeeds Dr. Volker Härtel, who has assumed new functions in Strategic Technology within the Continental group. The new Managing Director of ContiTech Power Transmission Systems is Konrad Müller (48). Also a member of the board of this division is Hans-Jürgen Duensing, formerly of ContiTech Conveyor Belt Systems.

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Meritor Automotive Expands Wheel Plant in Mexico

Meritor Automotive, a subsidiary of the Rockwell group, has announced the expansion of production at its wheel plant in San Luis Potosi (Mexico) to two million units annually. The expansion is necessary because of increased demand in the North American OE market for light truck and pick-up wheels and includes the completion of assembly facilities. A major consumer is Daimler Chrysler (Dodge Ram).

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Management Changes At Pneuhage

Peter Schütterle is once again in the driver’s seat at Pneuhage after the resignation of three managers. Hanshugo Sürth, Kurt Scholl and Holger Abeln left the company on 13th March. The company, one of the largest tyre retail and wholesale groups in Germany, made a loss last year. This came as a big surprise – possibly even for Schütterle, the owner of the group, who until now has not been involved in the group on a day-to-day basis.

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Michelin Net Profits Slip

Michelin has announced a fall in net profits, from 535.5 million Euros to 154.4 million Euros for 1999. This is even lower than latest predictions of financial analysts. The figures were affected by the inclusion of a special provision of 370 million Euros, made to cover the entire cost of Michelin’s three-year restructuring plan. However, operating profit for the year rose to 1.23 billion Euros; an increase of almost 15%.

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  4. Information on Rubber Tree Parasite Research Published

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