Cooper Tire’s acquisition of Chinese tyre maker to close by year’s end
At the start of the year, Cooper Tire & Rubber confirmed its intention to acquire a majority interest in Chinese truck and bus radial manufacturer Qingdao Ge Rui Da Rubber Co., Ltd (GRT); the plan is to initially purchase a 51.86 per cent equity interest in the joint venture company from Qingdao Yiyuan Investment Co., Ltd., with Cooper Tire Holding Company obtaining a further 4.32 per cent; the registered capital in GRT will then be increased from RMB 350,000,000 to RMB 438,236,991, the result being that Cooper Tire & Rubber’s share will rise to 60 per cent share and Cooper Tire Holding Company’s to five per cent.
Continue Reading
Bridgestone acquisition of Speedy France completed
Following the acquisition of all necessary approvals on 28 July, Bridgestone EMEA has completed the 100 per cent acquisition of fast fit network Speedy France. Bridgestone EMEA announced its plan to acquire the French retail chain on 30 May 2016.
Continue Reading
Avon Tyres launches new WV7 and WT7 winter fitments
Avon Tyres has launched two new winter tyres developed to provide a wide range of motorists with 13-18 inch fitment options: the WV7 and WT7. The Avon WV7 is a performance winter tyre, with increased sipe density to improve traction in snow, ice, slush and wet weather.
Continue Reading
Falken launches Eurowinter PCR, van cold weather tyres
Falken has unveiled new car and van winter tyres. The new high performance Eurowinter HS01 car tyre is the product of two years of development and thousands of testing miles, Falken says. One product of this period is the new 3D siping used in the innovative new tread design, which Falken calls Miura-Ori sipes. The tread also has interlocking grooves that help to handle tough winter conditions. The tyre is described by Falken as its latest high-tech product.
Continue Reading
Pro Flow water pumps offering OE quality for the aftermarket from Wales
Sourcing high quality aftermarket automotive components can be a real mine field. There are plenty of good manufacturers out there, but there are an equal number of low quality products flooding the market which have not been manufactured to any recognised standard. Mechanics can rest easy when they specify Pro Flow water pumps from Mark Water Pumps. Every pump is manufactured under one roof in Wales and comes from the same production line as OE pumps destined for leading prestige brands.
Continue ReadingCMA car insurance recommendations ‘do not address issues’ – RMI Bodyshops
The final requirements of the Competition and Market Authority’s (CMA) Private Motor Insurance Order were brought into effect on 1 August. It is claimed that the requirements, which apply to all providers of private motor insurance, have been put into place to reduce premiums for drivers. However, RMI Bodyshops (NAB & VBRA) feel that the requirements are not, in themselves sufficient to reduce premiums.
Continue ReadingJuly new van market ‘steady’ says SMMT
The new van market achieved a steady performance in July – down just -0.2 per cent – with nearly 25,000 new LCV registrations last month, according to figures released today by SMMT.
Continue ReadingSlight July car registrations increase gives reason to be cautious
Figures released by the SMMT show that UK new car registrations experienced a very slight increase in July, up 0.1 per cent for the month, at 178,523 units. 1,599,159 new cars have been registered so far this year, putting demand in the year-to-date 2.8 per cent higher than for the same period in 2015, following a strong first quarter. Fuelled by a possible inflection point in the market – two years of strong car registrations figures have built up a wave of two-three year old used cars that could detract from new car purchases – and the as-yet unseen effects of the Brexit decision, some are advising a note of caution.
Continue ReadingTitan International reports net loss for Q2 2016
The decline in the market for high horsepower tractors and combines in North America continues, and this ongoing trend has left a sizable dent in Titan International’s second quarter revenues. Sales for the three months to 30 June 2016 amounted to US$330.2 million, 12.2 per cent below sales for the previous year’s corresponding quarter and 44.3 per cent less than sales in the second quarter of 2013, prior to the start of the downturn. Gross profit for the quarter amounted to $45.1 million, 13.7 per cent of net sales, an 11.7 per cent year-on-year reduction and 48.0 per cent below the second quarter 2013 gross profit. The net loss applicable to common shareholders was -$3.8 million, compared with a net income of $9.4 million a year ago and net income of $23.2 million in the corresponding quarter of 2013.
Continue Reading
ATG introduces Galaxy Yardmaster SDS forklift tyre
All hail! Alliance Tire Group (ATG) opines that if there was a king of forklift tyres, then the Galaxy Yardmaster SDS would have “excellent chances to acquire that position.” This regal range of solid tyres is being rolled out in sizes suited for fitment on forklifts and container handling carts weighing from 1 to 5.5 tonnes; the first dimensions came to market in April, and ATG indicates that the full portfolio will be available by the end of next month.
Continue Reading
5-star Dunlop TrailSmart ‘near unbeatable’ in wet braking – tyre testers
The Dunlop TrailSmart, the manufacturer’s tyre for the fast-growing trail sector of the motorcycle market, has impressed tyre testers at two magazines. It was the only tyre to receive five stars in both wet and dry handling in a recent MotoMag test, while Motorrad described the tyre as “near unbeatable in the wet emergency braking test from 100km/h.”
Continue ReadingJeff Fowkes Wheels celebrates second TyreSafe award, 30th anniversary
Jeff Fowkes Wheels, a family run garage in Leicestershire, won the 2016 TyreSafe Independent Garage of the year – the second time the garage has been recognised with a national award in three years. The news comes as the company starts to expand its services to mark 30 years in business with the work force doubling in size to meet demand at the Station Road site in Ibstock.
Continue Reading
Conti: Truck TPMS should be mandatory
As many as one in four truck tyres may be running underinflated by 10 per cent, according to research conducted by Continental Tyres. This, of course, not only leads to significantly higher fuel costs but contributes to the likelihood of tyre failure, which is currently responsible for 20 per cent of all truck breakdowns. That’s where Conti’s “safe, reliable and efficient solutions” strategy comes in. Ian Jackson, Continental Tyres’ Technical Systems, sales & services manager explained how the correct application of a tyre pressure monitoring system (TPMS) such as ContiPressureCheck can positively impact business. Looking forward, Conti is advocating for truck TPMS to become a legal requirement and is working closer integration between its systems and truck telematics.
Continue Reading
Michelin Corporate Foundation becomes V&A Museum of Design founding partner
Michelin Corporate Foundation has been announced as a corporate founding partner in the development of the V&A Museum of Design Dundee. The V&A Museum will be the first in the UK outside of London, and is part of a wider £1 billion regeneration scheme for the city. Due for completion in 2018, the foundation will support both its initial and ongoing development with a significant investment. A gallery within V&A Dundee will take on the Michelin name for a term of 25 years. Michelin has strong ties to Dundee; its tyre plant on Baldovie Road is the city’s largest employer. The French manufacturer committed to an investment of £52 million to modernise the plant in 2015, and was recently visited by the Queen.
Continue Reading
Conti launches third generation truck tyres in Malaysia
On 1 August Continental Tyre PJ Malaysia Sdn Bhd (CTM) launched its Generation 3 truck tyres; the Conti Hybrid HS3, the Conti Hybrid HT3 and the ContiUrban HA3, each individually designed to suit different axles and developed with the unique Asian road conditions in mind.
Continue Reading