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New fleet Depot Charging Scheme ‘exactly what industry needs’ – VEV
25th July 2025The UK government’s new Depot Charging Scheme, which offers up to £1 million funding to cover 75 per cent of charging infrastructure costs for commercial fleets, has been called “exactly what industry needs”. The scheme, open to public and private sector fleets, local authorities, and non-profit organisations in the UK, was called “a game-changer that finally makes fleet electrification a no-brainer for operators who've been sitting on the fence,” by Mike Nakrani, CEO of e-fleet solutions provider VEV, which is backed by global energy sector leader Vitol.
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Wearable Blimp fashion – Goodyear partners with ASSC again
25th July 2025We were about to dial 999 upon receiving the latest news of antisocial activity, but on this occasion, it isn’t a police matter. Goodyear has once again partnered with fashion brand Anti Social Social Club (ASSC) and will feature in an upcoming curated, limited-edition collection.
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“Irreversible operational & financial consequences for Symbio” – Stellantis quits hydrogen
Yesterday, Stellantis made public what its partners in the Symbio hydrogen mobility joint venture have known since May – it is discontinuing its hydrogen fuel cell technology development programme as of 2026. The vehicle maker informed it has “initiated discussions with the shareholders of Symbio to evaluate the current market consequences and to preserve the best interests of Symbio, in line with their respective obligations.” JV partners Michelin and Forvia believe this decision will hav
Continue Reading“Unstable & highly unpredictable times” – Michelin reports lower H1 2025 sales, income
Net income at Michelin fell 27.7 per cent year-on-year in the first half of 2024, pushed down by a mixture of lower sales and tyre volumes, particularly in the original equipment segment. This €840 million net income equates to earnings per share of €1.18, down from €1.62 in Q1 2024.
Continue ReadingStrategic acquisition will cement Doublestar’s control of Kumho Tire
As reported last October, Qingdao Doublestar Co., Ltd. is working towards significantly deepening its control over South Korean tyre maker Kumho Tire through a complex but strategically crucial transaction valued at nearly RMB 4.93 billion (£509.1 million / US$687.1 million). By doing so, it will gain indirect but consolidated control of 45 per cent of Kumho Tire's equity.
Continue ReadingThe tyre market in June – Michelin & Pirelli share data
Michelin and Pirelli have respectively published their market intelligence for June 2025, with the latter’s figures painting a more positive picture of European and North America consumer segment original equipment sales. Both show similar year-to-date trends.
Continue ReadingRead Tyres & Accessories Magazine July 2025 edition now
The July 2025 issue of Tyres & Accessories is available now for Tyrepress subscribers to read online or download. It features the latest news from the growing eco and electric vehicle tyre segment, the aftermarket, and a special report from the Guangrao Tyre Exhibition. The issue also features breaking stories and analysis of the global tyre business, including analysis of ATS Euromaster's recent pivot, a full report from the TyreSafe Briefing Day and Awards, and the magazine's annual ranking of
Continue Reading“Irreversible operational & financial consequences for Symbio” – Stellantis quits hydrogen
Yesterday, Stellantis made public what its partners in the Symbio hydrogen mobility joint venture have known since May – it is discontinuing its hydrogen fuel cell technology development programme as of 2026. The vehicle maker informed it has “initiated discussions with the shareholders of Symbio to evaluate the current market consequences and to preserve the best interests of Symbio, in line with their respective obligations.” JV partners Michelin and Forvia believe this decision will hav
Continue Reading“Unstable & highly unpredictable times” – Michelin reports lower H1 2025 sales, income
Net income at Michelin fell 27.7 per cent year-on-year in the first half of 2024, pushed down by a mixture of lower sales and tyre volumes, particularly in the original equipment segment. This €840 million net income equates to earnings per share of €1.18, down from €1.62 in Q1 2024.
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