Financial analysts have reiterated their “buy” rating on Continental AG shares, while also raising price target from 150 euros from 123 euros previously. In short, Continental AG is expected to continue outperforming consensus estimates. Writing in an investors note dated 18 November, Jefferies equity research said: “Tyre margins will return to an industry leading greater than 15 per cent in full-year 2021. Conti remains among the least liked stocks in the sector which provides positive surprise potential.”
JATO Dynamics, which provides global automotive data, has David Krajicek as its CEO, effective 13 April 2020. Dr Krajicek has over 25 years’ experience. He joins from GfK where he had been at the helm as CEO of GfK Research since 2017.
Goodyear’s share price picked up by up to 1 per cent during early trading on 12 December 2018, having risen 0.56 per cent by the close of the previous session (up from $21.59 to $21.71). Considering that the value of these shares fell -8.70 per cent during the preceding seven-day period, and experienced a loss of -1.76 per cent over the past 30-day period suggests this is a significant uptick. In addition, when you compare this with the 1.5 per cent one-day drop all tyre majors experienced in October when Michelin warned that demand was softening, it appears that the share price is bouncing back.
HTF MI has released a new market study on run-flats. The research study, which provides forecasts the size of the run-flat sector till 2025, suggest Bridgestone, Michelin, Goodyear, Continental, Pirelli, Hankook, Sumitomo Rubber, Yokohama, Giti, Kumho and Cheng Shin Rubber are key players.
KPMG has appointed Ed Thomas as its UK head of transport with immediate effect. Thomas joined the firm as a graduate in 1995 and was promoted to partner in 2013. He has been central to KPMG’s transport advisory business since he joined. Specialising in rail, he has led both policy reviews for Government and bidding engagements for the private sector in the UK. With a wide international grasp of the sector, Ed has also led rail projects in North America and Southeast Asia. Beyond rail, he advises public sector transport authorities on the funding of new infrastructure.
KPMG has appointed Christoph Domke to lead its Commercial Mobility function as a director within its Mobility 2030 practice. The professional services firm’s Mobility 2030 practice provides global insights and support to help clients in sectors including automotive, energy, infrastructure, retail, telco and government to position themselves for future success.
The UK economy grew 0.6 per cent in the October-to-December period. Taking the year as a whole, the economy grew 2 per cent, 10 per cent slower than the growth of 2.2 per cent achieved in 2015. Good news, I hear you say. But, as with many things in life, the details tell a more complicated story.
Many sources, such as the BBC, contend that this better-than-expected growth is because of increased consumer spending during the last quarter of the year. However, it is also worth pointing out that UK car production achieved a 17-year high in 2016, according to the latest figures published by SMMT. This comes at the same time that the motor manufacturer’s association reported new car registrations of just under 2.7 million for the year – itself another record. This being the case, it is worth taking a closet look at the figures and the messages give us in the inextricably linked tyre sector as well as the economy as a whole.
The International Tyre Colloquium has a history in discussing the latest progress in the understanding and simulation of tyre-road-vehicle interactions. The first Tyre Colloquium was organised by Prof Pacejka in 1991 (Delft), the second one was in Berlin in 1997, organised by Prof Böhm and Prof Willumeit, and the third one was in Vienna in […]
Following the publication of Michelin’s full-year 2014 results and 2015 guidance, some financial analysts described the figures as “light of expectations”. This, they said, was expected to lead to falls in Michelin’s share price in response. But the share price didn’t fall, in fact it was up about two cents by the time the markets close on 11 February, the day after the figures were announced.
On 27 January the UK economy registered growth of 2.6 per cent in 2014. Of course it has not been the same across Europe, but with record new car registrations in the UK and 32 consecutive months of growth in that figure, you could be forgiven for asking why the UK tyre market came out as flat according to both the sell-in and sell-out measurements in 2014. At the same time it is important to set all this into its wider European context, something which this month’s analysis of the passenger car tyre market attempts to embark on.
Ricardo-AEA has been awarded a major three-year contract to run the European Commission’s Transport Research and Innovation Portal (TRIP) – a public, online platform that shares up-to-date information on transport research projects and activities across Europe.
Over the next three years, Ricardo-AEA, together with its partners TRT Trasporti e Territorio, the Czech Transport Research Centre (CDV), Fraunhofer ISI, the University of the Aegean and TEPR, will update and verify TRIP’s existing content, adding in new findings from the latest transport research programmes.
Shortly after Continental AG pre-released its fourth quarter 2014 results at the North American International Auto Show in Detroit on Monday 12 January 2015, the company also previewed estimated fourth quarter pre-tax profits. The problem is that while the majority of the advance figures were broadly in line with expectations, the pre-tax profit (EBIT) figure wasn’t. So with this in mind it begs the question of whether Continental executives are preparing the market for a lower than expected result when the final figures are published on 5 March 2015.
In 2013, about 0.74 million units of commercial vehicles and passenger cars were sold in Saudi Arabia, giving the Kingdom one of the highest per capita vehicle totals globally. However, virtually all of this is imported as Saudi Arabia is also home to a huge vehicle production deficit. Nevertheless, a new report distributed by Bharat books suggests expanding growth potential in the automobile sector is attracting several vehicle manufacturers to Saudi Arabia.