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Michelin announces 500 million euro share buyback plan

Michelin announces 500 million euro share buyback plan

9th April 2019 | 0 Comments

At an investor day held at the Michelin Group’s Almeria Test Center in Spain, managing general partner Florent Menegaux announced the launch of a new share buyback plan. Michelin is setting aside up to 500 million euros for this purpose between 2019 and 2023.

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Luxembourg: Goodyear investing in OTR tyre production

9th April 2019 | 0 Comments

A total of US$36 million has been set aside to increase OTR tyre production at the Goodyear plant in Colmar-Berg, Luxembourg. The investment will also fund process improvements at the facility.

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Prince Charles visits Pirelli’s Carlisle tyre plant

Prince Charles visits Pirelli’s Carlisle tyre plant

8th April 2019 | 0 Comments

The Pirelli tyre plant in Carlisle hosted a royal guest today to mark its 50th year of operation. His Royal Highness The Prince of Wales was welcomed at the plant by Marco Tronchetti Provera, chief executive officer and executive vice-chairman of Pirelli, along with Andrew Mitchell, HM Trade Commissioner for Europe, and Raffaele Trombetta, Italy’s Ambassador to the UK, senior Pirelli management and many employees.

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BKT better positioned to serve OEMs with new European HQ

BKT better positioned to serve OEMs with new European HQ

8th April 2019 | 0 Comments

In India, the lighting of a lamp symbolises new beginnings. For BKT, this tradition was a fitting gesture for observing a significant step in what it calls the ‘Next Level’: The lighting ceremony marked the start of festivities to celebrate the inauguration of BKT’s rebuilt European headquarters on 5 April.

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Vredestein agricultural tyres available on new John Deere tractors

Vredestein agricultural tyres available on new John Deere tractors

5th April 2019 | 0 Comments

Apollo Vredestein is supplying Vredestein brand agricultural tyres to John Deere’s Mannheim, Germany plant, allowing buyers of the tractor-maker’s 6R and 6M series to choose Vredestein Traxion tyres as original equipment.

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Vimexa moving forward as an independent intermediary

Vimexa moving forward as an independent intermediary

3rd April 2019 | 0 Comments

One man, a kitchen table and a vision. Nothing more is needed to launch a successful business. When we spoke with the founder of fledgling company Vimexa five years ago about his goal of matching stocks between suppliers and customers, beginnings were small and hopes high. From there, Rutger Veerman has built his company up into a thriving niche player within the tyre market that serves wholesalers, manufacturers and retailers around the world. We recently caught up to find out about Vimexa at five years of age.

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Business intelligence platform TechMan joins IAAF

Business intelligence platform TechMan joins IAAF

3rd April 2019 | 0 Comments

TechMan Garage Management Systems has joined the Independent Automotive Aftermarket Federation (IAAF). Built from within a garage environment specifically for garages and workshops, TechMan offers a management solution for workshops looking to improve and streamline processes, and ultimately increase their bottom line.

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Open fusion platform simplifies development of autonomous driving functions

3rd April 2019 | 0 Comments

A German research network incorporating research institutions, universities, IT companies and companies from the automotive industry, has developed a near-series fusion platform with open interfaces (Open Fusion Platform, abbreviated to OFP). It enables vehicle manufacturers and their suppliers to cost-effectively integrate highly and fully automated driver assistance functions for the purposes of automated driving. The […]

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Genan acquires BioSafe tyre recycling plant

Genan acquires BioSafe tyre recycling plant

3rd April 2019 | 0 Comments

Denmark-based end of life tyre recycler Genan Holding and Portuguese transport and construction equipment solutions provider Nors have signed a definite agreement for Genan to acquire Nors’ subsidiary, BioSafe – Indústria de Reciclagens, S.A., operator of Portugal’s largest tyre recycling plant. The transaction is expected to close at the end of this month, adding a sixth tyre recycling plant to Genan’s global footprint.

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Anteo: Prometeon’s new brand for tier 3

Anteo: Prometeon’s new brand for tier 3

2nd April 2019 | 0 Comments

Sales within the premium and tier 2 segments of Europe's commercial tyre market have remained level for years, but the tier 3 segment is growing in leaps and bounds. For Prometeon, the company behind the Pirelli commercial tyre brand, this trend represents an opportunity it doesn't wish to miss out on. It presented its new Anteo brand to potential distributors on 26 March, displaying a launch range of six lines.

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The Parts Alliance hosts first national conference

The Parts Alliance hosts first national conference

2nd April 2019 | 0 Comments

Around 300 managers from across The Parts Alliance converged in Manchester last week for the trading group’s first national conference. The event was held in the Concorde Conference Centre underneath the iconic supersonic plane on Friday 22 March. The day was packed with engaging and interactive content, all designed to build a sense of community among the sprawling nationwide network and communicate a future strategy with staff at its heart.

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Neil Croxson appointed president, COO of The Parts Alliance

Neil Croxson appointed president, COO of The Parts Alliance

2nd April 2019 | 0 Comments

The Parts Alliance has appointed chief financial officer Neil Croxson president and chief operating officer, effective immediately. He succeeds Peter Sephton, who is retiring after ensuring an orderly transition over a three-month period.

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Bridgestone Europe completes acquisition of TomTom Telematics

Bridgestone Europe completes acquisition of TomTom Telematics

1st April 2019 | 0 Comments

Bridgestone Europe has completed the acquisition of TomTom Telematics (Telematics) for €910 million. The deal passed the relevant regulatory stages, had full approval from TomTom’s shareholders, and received a positive response from TomTom’s works council, the tyre manufacturer states. Tyres & Accessories spoke with Bridgestone about the thinking behind the acquisition when it was announced in January.

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WhoCanFixMyCar.com appoints ex-Carphone Warehouse CEO as chairman

1st April 2019 | 0 Comments

WhoCanFixMyCar.com has appointed Andrew Harrison, a former chief executive and chairman of Carphone Warehouse, has joined its board as chairman from 26 March – he is also investing in the company, and joins existing shareholders: Shell Ventures, Active Private Equity, and Venrex Investment Management.

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Prinx Chengshan breaks ground on Thailand tyre plant project

Prinx Chengshan breaks ground on Thailand tyre plant project

1st April 2019 | 0 Comments

A groundbreaking ceremony has been held for the new Prinx Chengshan Thailand factory in the WHA Eastern Seaboard Industrial Estate EISE 3 in Chonburi. The new plant is amongst the first to be set up in the industrial park, and Prinx Chengshan notes that a launching ceremony for the park was held today.

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