Cooper Tire closes Cooper Chengshan sale
Cooper Tire & Rubber Company reports that it has completed the sale of its 65 per cent ownership in Cooper Chengshan (Shandong) Tire Company Ltd (CCT) to Chengshan Group Company Ltd on 1 December for approximately US$262 million net of taxes and including dividends in accordance with the previously announced option agreement. Earlier reports suggested […]
Continue ReadingToyo to produce AC Milan global fan film
Toyo Tire & Rubber Co., Ltd. is to produce a film called “Driven to perform. To SAN SIRO” linking clips produced by fans from around the world into a movie to be shown during AC Milan Serie A home games. As a Premium Sponsor, Toyo Tires will make the film to promote support for AC […]
Continue ReadingIGA hails repair information step forward
Findings from the European Commission’s review into the process of access to vehicle repair and maintenance information have been welcomed as ‘another major step forward’ by the Independent Garage Association (IGA). At the end of 2013, the Commission appointed Ricardo-AEA, a UK based agency, to carry out a study on access to vehicle repair and maintenance information for independent operators, and the results have confirmed the IGA’s stance that although the situation has improved in recent years, we are still some distance from a “level playing field”.
Continue ReadingFormula E car on show at Bologna
Italian racers Jarno Trulli and Michela Cerruti will drive the fully-electric Spark-Renault SRT_01E Formula E car at the Bologna Motor Show. Ex-Formula 1 driver Trulli and Auto GP race-winner Cerruti both currently compete in the new FIA Formula E Championship as team-mates for Trulli – an outfit owned and managed by the Monaco Grand Prix victor.
Continue ReadingLandsail offers its tyres up for testing
Landsail tyres, which are produced by Qingdao Sentury Tire Co. Ltd in China’s Shandong province, are offering their tyres for magazine testing in a bid to demonstrate the quality of its products. According to the company, the move made as the Landsail brand reaches its fifth anniversary, follows accelerated investment in engineering, production capabaility, and […]
Continue ReadingNexen Tire wins Fiat Chrysler supplier award, extends OE tyre supply
Fiat Chrysler Automobiles (FCA) has chosen Nexen Tire as an ‘excellent supplier’ at an awards ceremony recently held in China. The ‘2014 APAC Supplier Town Hall and Awards Ceremony’ were held in Shanghai to honour the global suppliers FCA considers have delivered the best quality, brand values and technical skills.
Continue ReadingTitan’s Taylor talks about France, and uses the ‘c word’
France should turn communist when everything goes wrong. That’s the advice Maurice Taylor doled out during an interview with France Info radio. The contents of the interview have been reported by AFP and provide an interesting further chapter to the tome of outspoken comments the Titan International boss has made in relation to the tyre maker’s failed attempt to acquire the Goodyear agricultural tyre facility in Amiens Nord, France.
Continue ReadingTyre show showdown: High Noon in May 2018
The largest and oldest continuously-held tyre trade fair in Europe is the Reifen show, held every two years in the German city of Essen. And while Reifen has existed for years in relative harmony alongside other regional exhibitions, such as Manchester-based Brityrex, at the start of 2014 a brand new tyre trade event was announced, and this appears to have gotten under the skin of Reifen organiser, Messe Essen. What sets this new show apart is that it will enjoy the support of Reifen’s current main sponsor, and will take place only 45 miles away from Essen – at exactly the same time. Given this clash of dates it seems, to paraphrase a cliché from Western films, that the town isn’t big enough for the two of them: A tyre show showdown looms on the horizon.
Continue ReadingDakar tyre tops Hankook design competition
The winners of the Hankook Tyre Design Challenge 2014 were announced at the Essen Motor Show in Germany today. This is the fourth time the competition has been held, and this year’s winner is Samir Sadikov, who submitted a ‘Dakar’ racing tyre concept. Runner up was Andreas Hartl with an intelligent “vent tyre” and third place was taken by Lucia Less with the ‘concept winter’ self-transforming snow tyre. These top concepts, which were selected by a jury of design and tyre experts and produced in prototype form by Hankook, will be on display for the rest of the Essen Motor Show’s duration.
Continue ReadingNokian reports Chinese tyre test victory
The Chinese-market edition of auto motor und sport magazine has voted the Nokian Hakkapeliitta R2 the winner of its latest winter tyre test. According to Nokian Tyres, the publication called the Hakkapeliitta R2 the “king of winter tyres” in the test that appeared in its 10/2014 issue. The Nokian tyre was one of seven brands (others included Continental, Michelin, Dunlop and Goodyear) tested. Auto motor und sport described the Nokian tyre as offering “excellent grip, good track follow ability, easy to get grip when accelerating and no loss of grip when climbing hill straightly (sic).” The overall evaluation of the Hakkapeliitta R2 is that “it makes everything simple”.
Continue ReadingRomanian authorities approve Michelin-Ihle takeover in Romania
The Romania’s Competition Council has approved the takeover of Reifen Ihle’s Romanian operation – Ihle Anvelope by Michelin. The transaction forms of the previously reported earlier deal in which Michelin took over the German operation (Reifen Ihle Baden Baden) and its international operations. According a Romania Insider report dated 25 November, which carried details of […]
Continue ReadingTyre cord firm Kiswire continues US plant expansion
Kiswire, Inc. is continuing the expansion of its South Carolina, USA tyre cored factory with the investment of $30 million, a figure which is to expected to create 45 new jobs. Once the expansion is completed, Kiswire, Inc. will employ approximately 200 at its two Newberry, South Carolina facilities. The latest move represents the second […]
Continue ReadingGiti ‘disappointed’ with US anti-dumping/countervailing duty decision
Giti Tire has stated that the company “is very disappointed” with the recent US Department of Commerce (DoC) preliminary decision to impose 17.69 per cent tariffs on tyres produced by Giti in China for sale in the US. The Singapore-based manufacturer suggests that to do so is contrary to free market business: “Giti is a […]
Continue ReadingNew owners for South Africa’s Tiger Automotive
Global alternative asset manager The Carlyle Group and South Africa’s Old Mutual Private Equity have announced their agreement to acquire 100 per cent of South African tyre retailer and wholesaler Tiger Automotive from Ethos Private Equity and the company’s founders for an undisclosed amount. Funding for this investment will come from the Carlyle Sub-Saharan Africa Fund and Old Mutual Private Equity Fund IV, and Tiger Automotive’s founders will also re-invest equity in the company. The transaction is expected to close in early 2015, subject to regulatory approvals.
Continue ReadingVipal rubber on European public sector fleets
Vipal reports that its rubber is supplying a number of public sector fleets in two European capitals – Istanbul, Turkey and Prague, Czech Republic. Vipal suggests that this success points to both confidence in the Brazilian manufactured products and the compatibility of retreading with sustainability policies.
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