Omitec Updates OmiScan
Omitec has expanded its OmiScan hand held diagnostic tool, to cover 29 manufacturers. The company’s new applications include additional coverage for Audi, MG Rover, Land Rover, SEAT, Vauxhall and VW, including EMS, Airbag and Chassis systems.
Continue ReadingCooper’s Numbers Look Good
Analysts have reported that Cooper’s 2nd quarter results were better than they expected. The good results are said to be mainly due to improved performance from the Cooper tyre division. This is good news for the company because it is due to sell its Auto Parts division, making tyre production its core business.
Continue ReadingSteelworkers battle Continental against ‘Runaway Shop Scheme’
The United Steelworkers of America (USWA) has filed a charge against Continental Tire North America (CTNA) to the National Labor Relations Board (NLRB). The union alleges that the suspension of tyre production at the company’s Mayfield, Kentucky facility, scheduled for the end of this year, is illegal. The steelworkers association claims that the federal government should halt the proposed action.
Continue ReadingINTERauto 2004 to Host Free Seminars
Automotive interior show, INTERauto has announced that it will be hosting a programme of free seminars for visitors at this year’s event. The exhibition, to be held in Cologne on 3-5 November, will be the 7th show organised by Turret RAI plc. The company describes the show as “the place for automotive interior manufacturers to meet and showcase current ideas and products in all aspects of the industry.”
Continue ReadingNew AA Academy
The AA has opened a new training centre at Six Hills, Leicestershire. The academy will now become the main UK site for AA technical training. The training school was officially opened by AA managing director, Roger Wood and replaced the previous centre that was situated at Widmerpool, Nottinghamshire, which closed in April.
Continue ReadingAdd-It Appoints New Sales Executive
UK aerosol and chemical manufacturer, Add-It, has appointed Terry Horton as its new sales executive for the Cambridgeshire area.
Continue ReadingCarbon Black Businesses Discuss Joint Venture
Mitsubishi Chemical Corporation and Tokai Carbon Co., Ltd. are discussing the details of a possible joint venture.
Continue ReadingJumna Tyre Cord to list on Sesdaq
Financial sources are reporting that China based Junma Tyre Cord Co., Ltd., is seeking a listing on the Sesdaq. The move will see Junma Tyre Cord become the first Chinese company to list S shares on the stock exchange. Junmas net profit grew at a compound annual growth rate of about 46 per cent to some 60 million yuan, approximately £4 million, in the last financial year. S shares are shares of China-incorporated companies which are directly listed in Singapore.
Continue ReadingGoodyear Previews Second Quarter Earnings
Goodyear Tire & Rubber Company has announced that it expects to report second quarter sales of around $4.5 billion. The figure represents a $0.7 million dollar improvement on the previous year, which the company believes is the result of higher volume output, improved pricing and better product mix.
Continue ReadingNTDA Members Walk the Halls of Power
As part of the NTDA’s 75th anniversary celebrations, association chairman, Martin Rowlands, and director, Richard Edy invited guests to walk the halls of power and attend an evening reception in the Houses of Parliament. The reception was held at the invitation of David Lidington, member of Parliament for the NTDAs home constituency, Alylesbury.
Continue ReadingBandag Records $12 Million Net Earnings
Bandag has announced that its second quarter earnings rose 37 per cent, largely due to the profits of its recently acquired lubrication service. The company announced earnings of $11.9 million (£6.4 million), compared with $8.7 million this time last year. Sales were also up, rising to $211 million, a $7 million increase on last years figures.
Continue ReadingThe TIA Calls for Hall of Fame Nominees
The Tire Industry Association (TIA) has announced that it is accepting nominations for the 2004 Hall of Fame. The nominations are due 1 September and are open to individuals in the tyre industry, including manufacturers, inventors, publishers, equipment suppliers, tyre dealers, and retreaders.
Continue ReadingATS Euromaster Strengthen Sales Teams
Following the consolidation of its car, van and truck divisions into one single company, ATS Euromaster Ltd has strengthened its national and divisional sales teams by appointing two new directors. Martin Saint will become national sales director and Robert Blaikie has been appointed divisional sales director.
Continue ReadingAcquisition of AA Causes Kwik-Fit Management Changes
The recent acquisition of the AA by private equity groups CVC Capital Partners and Permira has led to management changes at Kwik-Fit. The initial impact was felt as soon as the purchase was made public when Kwik-Fit chairman, Sir Trevor Chinn, and chief executive, Tim Parker, announced that they would move to the AA on completion of the deal.
Continue ReadingCelebrities Support Charity Fundraiser
Frankie Detorri was one of a number of famous faces who supported a recent charity event organised by both Kwik-Fit Fleet and DaimlerChrysler Services Fleet Management. A total of £175,000 was raised at the annual Royal Windsor Charity Race Evening.
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