TMD Friction, through its Mintex braking brand, has expanded its exciting partnership with drifting star Pete ‘Peden’ Nielsen. The expanded sponsorship will see Mintex branding displayed prominently across the liveries of Crewsade drivers Pete Nielsen and Al Harris’ Nissan 180SX and S14 drift racing cars at a thrilling series of events this summer, kicking off with the Modified Nationals display in Peterborough in May.
The DVSA’s Market Surveillance Unit has commenced testing the compliance of OEM and aftermarket braking components. Testing both performance and labelling in accordance with UNECE 90 Regulation, DVSA recently tested eight different brands of aftermarket brake pads.
Motoring organisation RAC has moved to “set record straight” following controversial remarks from Environment Secretary George Eustice that electric vehicles (EV) may not be as green as people think. In order to do that the RAC, which wants to speed up EV take-up, commissioned battery electrochemist Dr Euan McTurk to address the suggestion that EVs produce more particulate from brake and tyre wear than their petrol and diesel counterparts.
The General Shareholders’ Meeting of Brembo approved its new corporate governance on 17 December 2021. In short, the move means, the previously-announced plans to Matteo Tiraboschi, executive chairman of Brembo S.p.A.; Daniele Schillaci, CEO; and Alberto Bombassei, chairman emeritus have been given the green light.
The Board of Directors of Brembo S.p.A. has named Matteo Tiraboschi, currently executive deputy chairman, preferred candidate to become its chairman following the resignation of Alberto Bombassei. Tiraboschi’s appointment will be on the agenda at a General Shareholders’ Meeting scheduled for 17 December, along with a proposal to amend the company’s by-laws in order to create the new role of Chairman Emeritus.
Brake systems specialist Brembo is marking its 60th anniversary by planting a forest of more than 14,000 trees and donating them to employees around the world. The Brembo Forest will rise in Kenya, near Lake Victoria, where Brembo will work in partnership with web platform Treedom – the first system that allows trees to be planted remotely and their stories followed online.
Brembo has unveiled an innovation that integrates artificial intelligence-based software its firm’s brake components. It calls this new intelligent braking system Sensify and aims to have it on the market from the start of 2024.
Polyphony Digital Inc., developer of the Gran Turismo series for Playstation consoles since 1997, has chosen Brembo as the official technical partner in braking systems for Gran Turismo 7. The new video game will be available for PS4 and PS5 consoles from 4 March 2022.
Such is brake manufacturer TMD Friction’s emphasis on the strategic significance of its data quality, for more than over 10 years it has taked a specialised data team to continuously improving product and catalogue data. To this end, TecAlliance supports TMD Friction in ensuring that optimal product and catalogue data is available at points of service worldwide, supporting sustainable business success. As a founding member and shareholder of TecAlliance, TMD Friction relies on the know-how and support of TecAlliance teams worldwide for optimal data management.
Brake manufacturer Brembo is opening a “Brembo Inspiration Lab” in California’s Silicon Valley (USA) to strengthen the company’s “expertise in software development, data science and artificial intelligence.” The Brembo Inspiration Lab is expected to open in the fourth quarter of 2021. No details of the associated investment have yet been released.
TMD Friction has been awarded Best Supplier 2020 for Commercial Vehicles by TEMOT International, one of the Independent Aftermarket’s (IAMs) largest international buying groups, during its TEMOT Global Forum 2021. Founded in Germany in 1994, TEMOT International is a leading Automotive Aftermarket Network currently consisting of 94 shareholders spread across Europe, Asia, America, Africa and Australia.
Leading brake manufacturer Brembo has reported a 17.2 per cent increase in first-quarter 2021 revenues to 675.1 million euros. According to the company, the figure is even higher (+20.9%) where foreign exchange effects are considered on a basis. During the same period pre-tax profits (EBITDA) amounted to 135.6 million euros, which equates to a margin of 20.1 per cent (EBITDA). Net profits for the first quarter stood at 61.4 million euros.
At the end of April, Brembo agreed to buy 100 per cent of J.Juan Group, a Spanish company specialising in the development and production of motorbike braking systems, for 70 million euros. The acquisition is expected to close in the second half of 2021 following regulatory approvals.