Tatneft divests Nizhnekamskneftekhim shareholding
Russia’s PJSC Tatneft has entered into an agreement to sell its shares in chemical and synthetic rubber manufacturer PJSC Nizhnekamskneftekhim to the Taif group of companies. The transaction, which will see 402,813,999 ordinary shares, is valued at approximately 32 billion roubles (£422.6 million).
Continue ReadingMagna Tyres Group acquires OBO Tyres
Magna Tyres Group has acquired OBO Tyres, the largest tyre retreader in the Netherlands. Founded in 1959, the company has specialized in producing retreaded tyres for the agricultural and OTR market and additional tyre repair services. Recently the company received exclusive distribution rights of the Magna agricultural, and MTP OTR tyres, which allowed the company to offer qualitative and cost effective new tyre solutions to the Benelux tyre market.
Continue ReadingEuropean car registrations rebound in November
In November 2016 EU passenger car registration rebounded following the slowdown observed in October. New registrations for the month totalled 1,148,618 units (up 5.8 per cent), according to the European Automobile Manufacturers’ Association (ACEA).
Continue ReadingKenda appoints Stotsenburg as North American VP
Kenda has promoted Brandon Stotsenburg to vice president of its North American Automotive tyre business. Currently director of business development, Stotsenburg succeeds Bob Phoenix, who is retiring 1 January 2017.
Continue ReadingFirestone tyres OE on Subaru Impreza in America
Bridgestone Americas has announced that its Firestone FT140 tyre has been selected as original equipment on the all-new 2017 Subaru Impreza.
Continue ReadingCeat to increase tyre capacity
Ceat, the Indian tyre manufacturer, has announced plans to increase production of truck and bus, passenger car and two-wheeler tyres. According to local news sources, the company said it will invest approximately 2,800 crore rupees over a five-year period leading up to 2022.
Continue ReadingContinental partners with DigiLens in augmented reality tie-up
Continental has entered into a strategic partnership with DigiLens Inc., a leader in holographic projection technology for application in automotive and consumer electronics. The partnership has been formed to develop ultra-thin Augmented Reality Head-up Displays that will further enhance a wider market penetration in cars of different segments.
Continue ReadingTrelleborg raises agricultural and forestry tyres
Trelleborg has announced a five per cent price increase on agricultural and forestry tyres in Europe, effective 1 February 2017.
Continue ReadingPirelli managers acquitted in historic asbestos case
On 19 December nine ex-Pirelli managers were acquitted of charges of manslaughter and aggravated bodily harm. According to local news sources, the case brought by 28 factory workers who either died or became seriously ill due as a result of asbestos exposure while working for Pirelli in Milan in the 1970s and 80s.
Continue ReadingMichelin buys Restaurantes.com
Firm aims to consolidate position as European leader in online restaurant booking On 20 December, Michelin announced the acquisition of Restaurantes.com, the leader in Spain in the online restaurant booking market with more than 5,000 establishments equipped with its solutions and more than 700,000 covers booked in 2015.
Continue ReadingNokian appoints Pantioukhov as interim president/CEO
The board of directors of Nokian Tyres plc has appointed Andrei Pantioukhov, 44, as the interim president and CEO starting 1 January 2017. Pantioukhov currently serves as Nokian Tyres’ general manager, Russian operations and continues also in this role. He has been in the company since 2004, a member of the management since 2009 and executive vice president since the beginning of 2016.
Continue ReadingMichelin expands US online tyre retail trial
Michelin has begun selling tyres at MichelinMan.com, expanding its online tyre retail trial in North America. As a result, online retail tyre sales for consumers in Southeast markets through MichelinMedia.com. The site aims to simplify the tyre-buying process so consumers can research, select and purchase tyres, as well as schedule installation with a local Michelin service partner all in one location.
Continue ReadingRoborace names Michelin as official tyre partner
Roborace has named Michelin as its official tyre partner. Michelin has been working secretly at its testing facilities and sharing over 125 years of its expertise with Roborace to develop an exclusive solution for the ultimate ‘Robocar’, designed by Daniel Simon, which will feature next-generation Michelin road tyres to be used in the series. Roborace is currently in its Beta season appearing at Formula E circuits for exhibitions using its development car ‘DevBot’. The official unveiling of the championships Ultimate car will take place in 2017.
Continue ReadingMaserati Levante chooses Goodyear Eagle F1 series tyres as OE
The new Maserati Levante will fit the Goodyear Eagle F1 Asymmetric 2 SUV, specifically designed for SUVs and Crossovers, as OE. The close collaboration between Maserati and Goodyear continues, with the aim of developing high-performance tyres capable of meeting the demands for handling and safety of these luxury and sporty SUVs.
Continue ReadingDoublestar launches Crossleader self-seal tyre
Qingdao, China-based Doublestar Tire recently announced that it has launched an aramid-reinforced puncture-sealing passenger car tyre under the Crossleader brand.
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