Double Coin Holdings has posted operating revenue of approximately CNY 14.33 billion (£1.4 billion) for 2013, up 18.43 per cent from the previous year. The company attributed the increase rise to expanded production of tyres at its Anhui branch, as well as products and increased trades of other subsidiaries. Net profit attributable to shareholders rose 4.63 per cent to CNY 306 million (£30.1 million). Earnings per share was CNY 0.344 (£0.03).
British Transport Police installed a dedicated team of investigators with analytical and research support and all available specialist assets as required in what was named ‘Operation Amelia’. Lead acid battery theft has been going on for years as thieves seek to profit from the value of lead contained within the batteries.
The organiser of French tyre show Pneu Expo has announced it will not take place as planned on 9 and 10 April 2014. In a statement, Editions VB shared that this decision was taken due to a lack of exhibitor sign-ups received by the application cutoff date on 28 February.
Figures from the SMMT show that the UK bus and coach market fell 12.1 per cent in February to 356 units. The purpose-built sector dropped 44.4per cent in the month, down 18.6 per cent for the year-to-date. However, the converted bus market picked up, rising 31.2 per cent in February.
Yesterday the Society of Motor Manufacturers & Traders released its commercial vehicle market registration figures for February 2014, commenting that growth during the month was powered by strength in the van segment. Total commercial vehicle registrations in the UK grew 17.5 per cent in February to 13,320, rolling 15.1 per cent year up to 330,283. A 28.2 per cent year-on-year rise in van registrations to 11,731 registrations boosted the rolling 12 months by 13.8 per cent. The Euro-6-induced dip in truck volumes continued in February but the rate of decline slowed from January’s 37 per cent drop. The 12 months to February remained 22.4 per cent higher.
Dunlop says the latest rear touring tyre its motorcycle portfolio, the D407T, will be fitted as original equipment on all 2014 Harley-Davidson Touring models that feature black sidewall tyres; the tyre, which was designed in cooperation with Harley-Davidson, will be supplied for the Road King Classic, Street Glide, Electra Glide Ultra Classic and the Ultra Limited. The D407T also fits all 2009-2013 Harley-Davidson Touring models.
Nankang Tire sponsored driver Yokoi Masashi became the 2013 MSC Challenge on 18 January. One of the popular motor sport events in Japan, the MSC Challenge is composed of 10 competitions with the final championship was held on 18 January 2014.
Maxxis International is to sponsor the 2014 edition of the Welsh X-Trem off-road challenge, following on from its support for the 2013 event. The event will take place on 8-9 March across the 2,500 acre Walter’s Arena near Glyn Neath and organisers say they have spent many hours ensuring vehicles and their tyres will not […]
Analysts are expecting growth in UK car output during 2014 and beyond as newly introduced models move to full-scale production. This all comes despite a 0.3 per cent dip in output during the January 2014 compared with January 2013. Exports are also said to be showing signs of recovery, with around 50 per cent of exports go to EU.
Japan’s Sumitomo Rubber Industries has reported net sales of ¥780,608 billion (€4.57 billion) for the 2013 financial year, 9.9 per cent higher than in 2012. Annual operating income amounted to ¥77,055 billion (£450.74 million), up 10.5 per cent year-on-year. Net income, at ¥44,794 billion (£262.03 million), was 26.4 per cent higher than in 2012. Net income per share was ¥170.75 (£1.00).
Turnover at Toyo Tire & rubber rose 27 per cent during the 2013 financial year to ¥370 billion (£2.2 billion), the company reports, while operating profit almost trebled to ¥38.3 billion (£224.6 million); operating margin was 10.3 per cent. Despite these favourable figures, Toyo’s bottom line was significantly below its result a year earlier; net profit fell 12.3 per cent to ¥11.6 billion (£68.0 million).
Toyo Tire & Rubber gives word that the chairman of its Board of Directors Kenji Nakakura will relinquish this role on 28 March 2014. The 64-year old will be named an executive emeritus of the company. Nakakura commenced as chairman and representative director on 28 March 2013.
For the third quarter of its financial year – October to December 2013 – Apollo Tyres reports an 8.0 per cent year-on-year rise in consolidated revenue to Rs 34.75 billion (£336.1 million). Operating profit increased 51.2 per cent to Rs 6.19 billion (£66.7 million), a result that includes exceptional items of Rs 1.12 billion (£10.8 million) from non-operational income, and a 17.8 per cent operating margin. Net profit, including the aforementioned non-operational income, rose 86.7 per cent to Rs 3.38 billion (£32.7 million).