NAPA partners with Valvoline in new oil range
Valvoline has been supplying Genuine Parts Company (GPC), the US-based parent company of NAPA, with Valvoline-branded and NAPA-formulated lubricants for more than 50 years, and is one of the largest suppliers to GPC. The UK partnership builds on this existing relationship and the two brands’ matching commitment to uncompromising quality and relentless innovation.
Continue ReadingProfitable growth for Yokohama Rubber in 2023
In fiscal year 2023, Yokohama Rubber announced significant increases across key financial metrics, with revenue rising by 14.5% to reach 985.3 billion yen (£5.2 billion), operating profit increasing by 45.8% to 100.4 billion yen (£530.3 million) and profit attributable to owners of the parent company climbing by 46.4% to 67.2 billion yen (£354.9 million). These figures marked record-high full-year performance levels for Yokohama Rubber. The company also achieved its target of raising its ratio for business profit to sales revenue above 10% in line with the objectives it outlined in the YX2023 medium-term management plan.
Continue ReadingSumitomo Rubber Industries interested in Dunlop brand for Europe, North America
Tyres are just black and round, as friends and loved ones never grow weary of pointing out, but things get more complicated when the Dunlop name is on the sidewall. While most tyre brands are produced by a single company, Dunlop has the distinction of being made by no less than three. But things may soon become simpler.
Continue ReadingChinese authorities seize fake Yokohama wheels
Until recently, half a dozen companies in China produced counterfeit Yokohama Advan Racing alloy wheels, but their days of fakery are over thanks to the joint efforts of intellectual property rights holder Yokohama Rubber and the authorities in three cities. Yokohama Rubber speaks of a “successful completion of its efforts to eliminate counterfeit versions of the company’s aluminium wheels in China.”
Continue ReadingPirelli, GC&C & Aon sign sustainability-linked insurance solution
Generali Global Corporate & Commercial (GC&C) Italy, Pirelli and Aon have signed an agreement on an insurance solution aligned with United Nations Sustainable Development Goals (SDGs). Announcing the agreement’s signing, Pirelli says this collaboration underscores the protagonists’ commitment to advancing Environmental, Social, and Governance (ESG) principles and improving risk quality for all stakeholders.
Continue ReadingProtyre expanding Delphi training portfolio
Protyre Autocare has partnered with Delphi since 2018, leveraging the Delphi Academy e-learning platform that offers over 300 interactive modules to enhance the learning experience through technical articles, videos, and simulations. It credits the partnership with driving a significant diversification in the Protyre service portfolio – since collaborating with Delphi, general servicing and repair work have risen from 15% to 40% of Protyre’s operations. The tyre retailer now intends to support its growth plans by offering “well over” 1,000 bespoke Delphi training sessions this year.
Continue ReadingNexen Tire joins GDSO
Nexen Tire is now a full member of the Global Data Service Organization (GDSO) for Tyres and Automotive Components. Announcing its decision to join, the company states that this membership “underlines Nexen Tire’s position as one of the worlds leading tyre manufacturers and its commitment to advancing the industry with technical innovations.”
Continue ReadingBridgestone profit up 10% in 2023
Reporting its financial performance in the 2023 financial year, Bridgestone Corporation shares that it achieved revenue of ¥4,313.8 billion (£22.8 billion), a year-on-year increase of 5%; adjusted operating profit was ¥480.6 billion (£2.5 billion), a year-on-year decrease of 0.4%; operating profit was ¥481.8 billion (£2.5 billion), a year-on-year increase of 9%; profit before tax was ¥444.2 billion (£2.3 billion), a year-on-year increase of 5%; and profit attributable to owners of parent was ¥331.3 billion (£1.8 billion), a year-on-year increase of 10%.
Continue ReadingOnline branding methodology: how Stobbs worked it out
Following the publication of our latest online branding research, we wanted to give readers access to how the calculations were made. So, here is Stobbs online branding methodology, heres how they worked it all out. When it comes to the calculation of online prominence, brand mentions are identified by matching the content of the webpage HTML using regular expressions (Regex), a formulation which allows wildcard-based searching and is able to identify brand references within longer strings (such as the URL of the page).
Continue ReadingFintyre exits debt proceedings early, signs 20-million-euro loan
Italian tyre distributor Fintyre has concluded its composition proceedings with creditors and cleared its debts 15 months ahead of schedule. Confirming the group’s fiscal solidity the company has also announced closing a 20-million-euro financing transaction with Banco BPM.
Continue ReadingYokohama Rubber debuts mid-term management plan
Under its new YX2026 management plan, Yokohama Rubber intends to combat growing sales of budget consumer tyres with a strengthened focus on OE supply and also rapidly bring new and efficient plants online. Within the OHT segment, it will turn to mergers and acquisitions to bolster market share in specific areas. By fiscal 2026, the company aims for sales revenue of ¥1,150 billion (£6.1 billion), business profit of ¥130 billion (£688.9 million), a business profit margin of 11%, and ROE of more than 10%.
Continue ReadingHEVRA expands EV maintenance data support to Dacia, now covers 40 brands
HEVRA has added Dacia to its roster of supported electric vehicle brands, which now covers 40 different electric and hybrid vehicles. The vehicle repair and maintenance information said the addition of Dacia represents “a significant milestone…further enhancing its ability to provide vital information and support to automotive professionals and enthusiasts worldwide.” HEVRA’s database offers technicians the latest repair and maintenance information across a range of 361 models.
Continue Reading2023 a profitable year for Toyo Tires
Toyo Tire Corporation should have no complaints about 2023, at least when looking at the company’s key financial figures. The Japanese firm has announced an 11.2 per cent year-on-year increase in net sales, to 552.8 billion yen (£2.9 billion). Operating income rose 74.6 per cent year-on-year, to 76.9 billion yen (£406.3 million) with a group-wide profit margin of 13.9 per cent.
Continue ReadingPirelli extends F1 in Schools partnership to Italy
F1 in Schools is an international STEM (science, technology, engineering, mathematics) competition for school students in which teams work together to design a miniature, compressed air-powered F1 car. The programme originated in the UK a quarter century ago and currently operates in more than 40 countries. Pirelli is a partner of the UK competition and has now announced becoming an Official Partner of F1 in Schools Italy.
Continue ReadingMore than 7,000 jobs in total – Continental announces further cuts
When a company says it plans to “strengthen the competitiveness” of its business, job cuts are usually not far away. And so it is at Continental, with the company yesterday confirming that in addition to the changes announced last November, further “efficiency measures” within the company’s Automotive group sector will affect around 1,750 jobs.
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