Rainer Binder, one of the two founders of online tyre dealer Delticom AG, was appointed to the company’s Supervisory Board, effective 1 January 2014, by the district court (Amtsgericht) in Hanover, Germany. At its meeting on the following day, the Delticom Supervisory Board elected Binder its chairman. He has swapped roles with Andreas Prüfer, who on 1 January 2014 rejoined the company’s Management Board and was appointed co-CEO.
Lanxess has celebrated 50 years of butyl rubber production at its Zwijndrecht plant in Belgium. Festivities surrounding the milestone were rounded off by a plant visit from board member Rainer van Roessel on 17 December.
In February, Bridgestone Corporation will introduce four new motorcycle radials into the global market, the company announced on 18 December. This new line-up includes three lines in the Battlax series and one Battlecross range.
On 16 December, Michelin chief executive officer Jean-Dominique Senard laid the foundation stone for the main building to be built as part of the company’s €270 million upgrade to its research and development facilities at the Ladoux site in Clermont-Ferrand, France. The stone-laying ceremony took place in the presence of members of Michelin’s Executive Committee along with representatives from architects Chaix & Morel and engineering group Ingerop.
TrelleborgAB, parent company of Trelleborg Wheel Systems, and Trelleborg Treasury AB have jointly concluded an agreement regarding an extension of the existing syndicated credit facilities that were established in 2011. The extended credit facilities total €750 million and US$625 million, have a tenor of five years and will mature in December 2018, with an option of extension thereafter for a maximum of two further years.
Pursuant to the decision made by its chief executive officer on 9 December and the second resolution of the company’s 17 May 2013 Shareholders Meeting, Compagnie Générale des Etablissements Michelin has decided to cancel 1,809,260 treasury shares, representing 0.97 per cent of its total outstanding shares. The effective date of the resulting capital reduction is 12 December, 2013.
As part of the SIMCOMVEC – SAEINDIA International Mobility Conference & Commercial Vehicle Engineering Congress that took place in Chennai, India between 4 and 7 December, the vice-president of norms and regulations at Michelin Tyres Pvt Ltd, Randall Clark, presented a paper titled “Improving Safety on Indian Roads, Technology & Policy changes required.” Clark also spoke to local media and called for India’s government to conduct accidentology studies.
The Board of Directors of Titan International has approved a quarterly cash dividend of US$.005 (one half cent) per common share for the fourth quarter of 2013. The cash dividend is payable 15 January 2014, to stockholders of record on 31 December 2013.
The European Automobile Manufacturers’ Association (ACEA) has elected PSA Peugeot Citroën CEO Philippe Varin as its new president. Varin’s appointment to the role was made following an ACEA Board of Directors meeting on 6 December; he will lead the ACEA until the end of his mandate as CEO of PSA Peugeot Citroën. The Board will announce Varin’s successor at that time.
Many forward-thinking garages now offer nitrogen tyre inflation as an additional service to customers, but it’s safe to say that the inflation performed by Nie Yongbing would draw bigger crowds. The 63-year old from China’s SichuanProvince is able to inflate car tyre inner tubes using his nostril. During a demonstration held on 6 December, Nie inflated four inner tubes using this unique method in just 20 minutes.
On 2 December, the directors of The Goodyear Tire & Rubber Company have announced a quarterly dividend of 73.44 cents per share of mandatory convertible preferred stock. According to the company, the dividend is payable 1 January 2014, to shareholders of record on 13 December 2013. The payout represents an annual rate of $2.9375 per share.
As of 1 December 2013 Ferdinando Visconti di Modrone takes over responsibility for marketing in Central Europe within Pirelli’s Truck business unit. He succeeds Alain Versace, who will leave Pirelli on 30 November.
The Delaware Supreme Court has approved Cooper Tire & Rubber’s request for an expedited hearing of its appeal against the partial bench ruling made by Delaware Chancery Court on 8 November and the letter of opinion dated 9 November.
BEN, the automotive industry charity has announced that David Prescott, MBE, FCIS, former Deputy Chief Executive, and long standing supporter, has died following a short battle with cancer. In an illustrious career that spanned more than 50 years (36 of which were served with BEN), David dedicated himself to improving the lives of others and his loss will leave a huge void for those who came to know this truly remarkable man.
Nexen Tire has secured two further original equipment supply agreements in Europe. Starting in December, the Korean tyre’s rolling resistance optimised N’Blue HD is size 205/55R16 91V will be delivered to Skoda for fitment on the new Octavia, and before the end of the year Nexen will begin shipping the N’Blue HD to Volkswagen for the Polo.