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Anti-dumping and anti-subsidy tariffs imposed against Chinese-produced truck tyres in 2018 must be annulled, according to a judgement published by the European Court of Justice on 4 May 2022. Tyres & Accessories understands that the verdict can be appealed between now and July, but unless that appeal is successful, the annulment of anti-dumping tariffs against Chinese-produced truck tyres will result in increased imports and sales of those products.
Liqui Moly has added Superbike World Championship (World SBK) support for the Italian GRT Yamaha team to its MotoGP involvement. The team sponsorship will mean the company’s logo will be displayed on the motorcycles, racing overalls, team truck, and at the official Yamaha hospitality, while the team will have access to Liqui Moly motorcycle products, including more than its core oil and additive products.
Cooper Tire & Rubber Company is to form a joint venture with Sailun Vietnam Co, Ltd to build a 2 million capacity truck and bus radial manufacturing plant. Subject to closing and government approvals, the facility will be located near Ho Chi Minh City, Vietnam, at the site of Sailun Vietnam’s existing operations, which early in 2018 signed an offtake agreement to produce Roadmaster, Dean and Starfire brand tyres for Cooper. The new announcement represents the latest move in a series of cooperative moves between the two firms – Sailun Jinyu invested in joining Cooper in its GRT JV in September.
The pre-season round of the new Mini Challenge Asia series took place at the Zhuhai International Circuit in China on 17-18 March, with all entrants racing on Giti rubber. Giti Tire says it is “excited to be taking a new step forward as the official tyre” of 2018 Mini Challenge Asia, and it is supplying GitiCompete GRT1 tyres to each of the John Cooper Works Mini F56 cars racing in the China-based series. The official opening round will take place at the Zhuhai International Circuit on 16-17 June 2018.
The season opener of the WorldSBK Championship 2018 began in Australia today, and Pirelli is back for a 15th year as official tyre supplier for all classes. For the race weekend, riders will have a total of seven tyre options open to them (in addition to the super soft qualifier tyre that can only be used in the second session of Superpole), four front and three rear tyres, and in addition to the tyres evaluated on testing days, riders can select an additional front and rear option.
Cooper Tire & Rubber Company has reported full year 2017 net income of US$95 million, or diluted earnings per share of $1.81, a 61.7 reduction on the $248 million earned the year before. Income was affected by tax reform in the USA; the tyre maker states that excluding these discrete tax items, earnings per share would have amounted to $3.10.
Cooper Tire & Rubber Company has reported a net income of US$62 million (diluted earnings per share of $1.18) for the third quarter of 2017, up 26.5 per cent from a year earlier.
The GRT Grasser Racing Team claimed Blancpain GT Series Endurance Cup and overall titles with a third-place finish in the final race at Barcelona with its Lamborghini Huracan GT3. The result gave Grasser’s Mirko Bortolotti, Christian Engelhart and Andrea Caldarelli the drivers’ Endurance title, while Bortolotti and Engelhart became the overall Blancpain GT Series drivers’ champions, which also considers results in the Sprint Cup.
Following a closely-fought one-hour race at the Nürburgring in Germany, Audi claimed both the Blancpain GT Series Sprint Cup drivers’ and team titles, as well as the race win. The overall Sprint Cup drivers’ title went to Stuart Leonard and Robin Frijns, who also won the race overall in the #17 Audi R8 LMS. However, it was another Audi of Belgian Audi Club Team WRT that clinched the overall Sprint Cup team title, with Marcel Fassler and Dries Vanthoor finishing the race 10th to secure the teams’ championship: adding up to a highly-successful weekend for the Ingolstadt-based manufacturer.
While unit volumes and net sales at Cooper Tire & Rubber remained little unchanged compared with the second quarter of last year, rising raw material costs ensured that income was significantly down in the three months to 30 June 2017. And although raw material costs are rescinding from the peaks seen earlier in the year, the tyre maker is keeping an eye out for further fluctuations.
While unit volumes and net sales at Cooper Tire & Rubber remained little unchanged compared with the second quarter of last year, rising raw material costs ensured that income was significantly down in the three months to 30 June 2017. And although raw material costs are rescinding from the peaks seen earlier in the year, the tyre maker is keeping an eye out for further fluctuations.
GRT Grasser Racing Team has won the opening round of the Blancpain GT Series Endurance Cup at Monza in its #63 Lamborghini Huracan GT3, using the Pirelli P Zero DHD tyre. The drivers making up the team were Christian Engelhart, Andrea Caldarelli and Mirko Bortolotti. In race two of the Lamborghini Super Trofeo, also run on 23 April, Antonelli Motorsport drivers Loris Spinelli and Mikael Grenier emerged victorious.
Cooper Tire & Rubber Company has reported a third quarter 2016 net income of US$49 million, or diluted earnings per share of $0.90, compared with $53 million, or $0.93 per share, during the same period of last year. The quarter included a non-cash pension settlement charge of $11.5 million related to lump-sum distribution of benefits offered to certain former employees. Excluding the non-cash pension settlement charge, diluted earnings per share for the third quarter would have been $1.04.
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.
Semperit has marked its 110th anniversary by updating its truck tyre portfolio in a two-day event in Vienna. The Austrian tyre brand – a Continental brand since 1985 – presented its Runner F2 (steer), award-winning D2 (drive) and T2 (trailer) tyres as a “breakthrough into a new chapter of [Semperit’s] illustrious history,” according to Constantin Batsch, head of the truck tyres replacement EMEA business unit at Continental Reifen Deutschland.
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