Continental launches Autodiagnos Pro Automotive vehicle diagnostic system
Continental has introduced a new tool in the to help streamline vehicle diagnosis. Launched in the USA, the Continental Autodiagnos Pro Automotive Diagnostic System has been specially designed to help automotive technicians analyze, diagnose, and repair vehicles faster. The new scan tool can be used to service all makes and is being updated continuously as vehicles evolve.
17.2 per cent decline in global light vehicle market 2020 – GlobalData
The worlds light vehicle market is forecast to decline by 17.2 per cent to 73.6 million units in 2020 due to the impact of the Covid-19 pandemic and its associated economic fallout, according to data and analytics company GlobalData. Calum MacRae, automotive analyst at the company, comments: This is a bigger one-off shock than witnessed in the two years of the global financial crisis.”
Tesla resilience will continue to confound COVID-19 crisis – GlobalData
Following the news that Teslas market capitalisation now exceeds that of Toyota, making it the most valued carmaker in the world, David Leggett, automotive Analyst at GlobalData, says: The automotive sector is among the most severely impacted by the COVID-19 crisis and facing decimated markets this year. GlobalDatas base COVID-19 light vehicle sales scenario forecasts a fall of 17.8 per cent on 2019 to 73.9 million, a greater hit to the market than in the 2007/8 financial crisis. Against this background, the share prices of many automotive companies and suppliers have been hit.
Michelin remains the world’s most valuable and strongest tyre brand, according to the latest Brand Finance Automotive Industry report. However, while Michelin has retained its top position for the second year in a row since it gained the crown from Bridgestone in 2018, Chinese tyremaker Linglong Tires cemented its position as an up-and-coming tyre brand by entering the top 10 after a couple of years of being tipped as a fast riser.
Nussbaum Custom Lifts GmbH takes over Otto Nußbaum GmbH & Co. KG
Following the news that Nussbaum had got into financial difficulties due to the costs of restructuring process that had been going on since 2014, high repayment charges, a slump in demand and the effects of the COVID19 pandemic, its future has now apparently been secured. Our German sister publication Neue Reifenzeitung’s online portal reifepresse.de reports that after the bankruptcy of parent company Otto Nußbaum GmbH & Co. KG, the insolvency administrator Dr. Dirk Pehl of Schultze & Braun sold the business to the newly-founded Nussbaum Custom Lifts GmbH effective 1 July 2020, which is also connected to the Nussbaum family. As a result, around 220 employees will be transferred to the new company and the firm’s production sites in Kehl are to be retained.
Bridgestone wins Brazil trademark infringement case
On 29 June Bridgestone Corporation (Bridgestone) announced that it won a long-running trademark and trade dress infringement lawsuit against Brazilian retread company New Tyre Remoldadora De Pneus (New Tyre), in the São Paulo Court of Appeals.
Pyramids Tires: $350 million Egyptian factory begins manufacturing
Pyramids Tires, a new tyre manufacturer based in Port Said, northeast Egypt, saw its first tyres roll off the production line on 9 May 2020. The factory currently manufactures motorcycle, forklift and agricultural tyres as part of the first phase of the plant’s development. The second phase, which is scheduled to be completed by the end of 2022, will see the company add passenger car, truck and OTR tyres to its portfolio.
Kenda Rubber Industrial has been producing bicycle and motorcycle tyres at its Indonesia plant since 2015. According to local media reports, the Taiwanese manufacturer now wants to move production capacity from China to Indonesia.
Nokian Tyres’ new Dayton, USA manufacturing plant has been awarded ISO 9001 certification. The certification requires companies to meet specific quality management system requirements and thus affirms the company’s commitment to premium quality.
Continental offices raided in emissions scandal investigation
On Wednesday (July 1, 2020), the public prosecutor and Police searched various Continental locations in Hanover, Frankfurt and Regensburg. The searches are related to investigations into the so-called defeat device used by Volkswagen in its diesel engine emissions management system.
After the postponement of the season opener due to the coronavirus, the first Formula 1 race of the year will take place this weekend at the Red Bull Ring in Austria. The same event will feature another premiere: Pirelli’s new 18-inch racing tyres will also be used for the first time, but initially only in Formula 2. Their debut in Formula 1 will follow later.
Nexen names Edwin van der Stad vice president OE Europe
Dutchman Edwin van der Stad has been appointed as vice president OE Europe at Nexen Tire. Van der Stad brings 30 years of experience and premium level OE management with him to the Korean tyre manufacturer. Prior to joining Nexen, van der Stad spent many years with Bridgestone. Van der Stad’s new role took effect in March.