Bridgestone ‘official tyre’ of American football for a further 5 years
Prior to the weekend’s Super Bowl 50, Bridgestone Americas announced the extension of its National Football League sponsorship arrangement for a further five years and its continuation as the NFL’s official tyre. The new deal extends the tyre maker’s eight-year relationship with the NFL and advances its ‘Bridgestone Performance Moments’ campaign platform, which includes the award for top performance play of the year at NFL Honors during Super Bowl week.
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Hankook Tire Q4 sales steady, full-year results show decline
Hankook Tire has reported fourth quarter 2015 sales of KRW 1.61 trillion (£945.3 million), a decrease of 0.9 per cent compared with the fourth quarter a year earlier, and a 2.5 per cent year-on-year decline in operating profit, which amounted to KRW 238.3 billion (£139.9 million) in the final quarter of last year. The tyre maker shares that sales of its ultra-high performance (UHP) tyre segment grew 6.4 per cent year-on-year and now account for 33 per cent of the company’s overall revenue.
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Russian market still Nokian’s largest, but its significance continues to shrink
Russia has become Nokian Tyre’s problem child. Although the country is home to two tyre plants that service export markets and contribute to the company’s margins, sales of Nokian products in Russia and the CIS have more than halved within the space of four years. In 2015 alone, the region’s turnover fell by 34 per cent.
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Pace and Zeta SUV tyres aim for European influence
International contract tyre producer SD International is aiming to develop into being a leading supplier of SUV tyres within the UK and European market sectors through the firm’s private brands Pace and Zeta.
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January UK car registrations the best since 2005
The UK new car market saw registrations climb 2.9 per cent year-on-year in January to reach an 11-year high of 169,678 units. By comparison January 2005 saw 181,474 new cars registered. Private and business buyers drove this growth with demand for new cars up by 8.2 per cent to 73,061 and 5.0 per cent to 6,716 units respectively, while the fleet sector declined slightly by 1.1 per cent to 89,901. The month marks the highest number of new cars registered to private buyers in January in 12 years.
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Richard Kramer divests 29,000 Goodyear shares
Goodyear Tire & Rubber chairman, president and chief executive Richard J. Kramer has sold around ten per cent of his shares in the company he heads up. According to a document filed with the United States Securities and Exchange Commission, on 2 February the Goodyear boss disposed of 29,000 shares for an average price of US28.0403 per share – a total of $813,168. Following the transaction, Kramer retains 259,864 shares.
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LCV registrations take a break from growth in January
After a record 2015, registrations of vans in the UK more or less levelled off in January with a 4.3 per cent fall in demand compared with the same month last year, according to figures released today by the Society of Motor Manufacturers and Traders (SMMT). A total of 21,102 new light commercial vehicles (LCVs) were registered in January, making it the first month of decline since July 2015.
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New touring car series to race exclusively on Hankook tyres
Hankook Tire has been appointed exclusive tyre partner to a newly-established touring car series in Germany. The three-year arrangement sees Hankook supplying tyres to all cars competing in the ADAC TCR Germany series; in 2016 the tyre of choice is the Hankook Ventus Race, which will take to the circuit in size 260/660 R 18.
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Falken to support Chiba leg of Red Bull Air Race for second year
Sumitomo Rubber Industries, Ltd. (SRI) is to support the Red Bull Air Race Chiba 2016 as an official partner through the Falken Tyre brand for the second year in a row The Red Bull Air Race Chiba takes place on 4-5 June 2016 at the Makuhari Seaside Park, Mihama Ward, Chiba, known as the birthplace of civil aviation in Japan. It is the third of eight races on this year’s Red Bull Air Race World Championship calendar.
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