MAHA Introduce New SL Truck Scissor Lift
MAHA announce the introduction of the new SL truck scissor lift. This unique scissor lift can be expanded to lift any weight from 10 tons to 40 tons depending on the customers requirements.
Continue ReadingMaywood Recruits ‘Leader in His Field’
Pat Henson, UK sales manager for Rotary Lifts for the past eight years, has joined Maywood Equipment Group, leading suppliers of garage lifting equipment. Maywood acquired the Hofmann brand in January, and Mr Henson, 56, will initially be area sales manager for Maywood in the West Midlands and North Wales.
Continue ReadingMichelin and USWA Remain at the Table
Although Michelin North America Inc. and the United Steelworkers of America have been under self-imposed deadline pressure to come to terms with the negotiations on a new contract agreement, both parties remained at the table when the fixed date for a conclusion passed by.
Continue ReadingYokohama Results for First Quarter
The Yokohama Rubber Co., Ltd. yesterday announced its consolidated results for the first quarter ended June 30, 2004. During the quarter, net sales increased 7.5% to 91,072 million yen, operating income 11.8% to 3,287 million yen, ordinary income 34.5% to 2,856 million yen, and net income 59.3% to 986 million yen.
Continue ReadingAmerityre Appoint Chief Financial Officer
Amerityre Corp has appointed Anders Suarez as chief financial officer. Prior to the appointment Mr Suarez had been employed as the company’s financial systems administrator, a position he had held since October 2003.
Continue ReadingHayes Lemmerz Ventures to Turkey
Hayes Lemmerz International has formed an aluminum wheel joint venture in Manisa, Turkey. The new company, Jantas Aliminyum Jant Sanayi ve Ticaret AS (Jantas Aluminum Wheels), will predominantly serve the Turkish market, but will also deal with other European markets. Production is scheduled to begin at the end of 2005 and it is estimated that it will produce up to 1.5 million wheels annually. Three companies are involved in the business venture; 40 per cent will be owned by Hayes Lemmerz, 35 per cent by Cromodora Wheels and 25 per cent by Inci Holding A.S. Financial. The terms of the deal have not been disclosed.
Continue ReadingGoodyear may Benefit from New Loan Terms
Following reports of Goodyear’s first quarterly profit in almost two years, JPMorgan Chase & Co are deciding whether to increase a loan to the company and to trim the interest rate it will pay.
Continue ReadingUSWA Give Michelin 11 August Strike Deadline
The leadership of American automotive manufacturing workers, United Steelworkers of America (USWA) have given Michelin North America Incorporated until Wednesday to negotiate a new labour contract.
Continue ReadingBridgestone First Half Results Confirm Four Pence Dividend
Bridgestone Corporation has announced its first half results showing increased sales figures almost across the board.
Continue ReadingMichelin Invest in Northern Ireland
Michelin is to invest a further £14.5 million into its Northern Ireland manufacturing facility. According to the Northern Ireland News Letter the company intends to make its Ballymena site the largest truck and bus tyre plant in the UK.
Continue ReadingHow has the Truck Tyre Market Changed?
There is a new question of the month on the Tyres & Accessories web site. This time it refers to the changing world of the truck tyre market. As dealing with truck tyres becomes more and more professional, and as retail businesses are forced to adapt to the market, T&A asks for the opinions of those at the centre of the action. To read the question of the month and to add your own views, click here
Continue ReadingNew Honda Odyssey will use PAX tyres
A recent issue of Automotive News has reported that the 2005 Honda Odyssey will use Michelin PAX run flat tyres. It is not yet known whether run flat tyres will be fitted as standard or will only be used on the higher end EX and Touring models. At the same time, it is reported that Toyota Sienna minivans are using Bridgestone’s rival RFT system.
Continue ReadingMichelin Implement Plans in Nova Scotia
Michelin is to invest $31 million (£17 million) in plans to upgrade and expand production at its Bridgewater and Waterville tyre plants situated in Nova Scotia, according to the Nova Scotia Economic Development Ministry, which is providing $3 million to help secure the project.
Continue ReadingEuropean Commission Aims to Abolish Car Taxes
The European Commission wants to abolish motor vehicle taxes as well as the registration taxes for passenger vehicles in the European Union. The taxation should be linked more strongly to the use of the car and the output of carbon dioxide.
Continue ReadingMarcus Grönholm is back in WRC
High-speed action on gravel roads was the order of the day, at this weekend’s WRC race in Finland. The double world champion Marcus Grönholm and his new Peugeot 307 CC drove in a league of their own, won, and putting Grönholm back in contention for the title. Michelin, as one of the race series’ two tyre suppliers, occupied the further places with Ford driver Markko Märtin and Citroën star Carlo Sainz. The victory Champagne must have tasted particularly sweet, since it was the seventh season victory for Michelin. The win also represents the first World Rally Championship triumph for the new Peugeot. Current champion, Petter Solberg and his Subaru (on Pirelli tyres) fell at the first hurdle, having an accident on the first day.
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