Following an agreement ratified by the FIA World Council, Pirelli will hold a tyre test in Abu Dhabi on Tuesday 1 December following the final grand prix of the 2015 season. The joint purpose of the session is to develop the new construction to be used for the manufacturer’s 2016 slick tyres and to test the new “ultrasoft” compound, which will form part of the P Zero F1 range next year. The one-day test will take place from 9:00-21:00 continuously.
Eight full-season FIA World Endurance Championship (WEC) LMP2 entries will be battling for another podium or win at the 6 Hours of Bahrain. All eight have chosen to compete on Dunlop tyres and all eight have been on the podium during the season – a statistic Dunlop states demonstrates the competitiveness of the series. Joining […]
Cooper Tire Europe has launched its first full Arabic website, www.coopertire.me. The new site has extensive content including product pages, company information and a dealer locator. The company stated the site demonstrates its continued commitment to the region, coming shortly after Cooper Tire Europe announced that it will be the official tyre sponsor of this year’s Dubai International Motor Show.
Apollo Tyres has opened its first branded retail outlet in Lebanon. Branded as Apollo Zone, this outlet is designed to provide customers with an enhanced retail experience and a better feel for the brand and products on display, including passenger car, truck-bus and agriculture tyres. This Apollo Zone is located in the Beqaa Governorate of Lebanon, which is the main road connecting Lebanon to Syria. The Apollo Zone has been opened in association with Saka Trading Co, one of the Lebanon’s oldest and respected wholesalers and retailers of tyres, batteries and car accessories.
Cooper Tire will be the official tyre sponsor of this year’s Dubai International Motor Show. Announced during a visit by the vice president and managing director of Cooper Tire, Europe and the Middle East, Jeff Schumaker, the sponsorship will mark the tyre brand’s first move to increase its presence across the Middle East ahead of a series of new product arrivals over the coming months. The manufacturer has a tangential connection to the region through Arsenal Football Club, for whom it is the Official Tyre; Arsenal’s shirt sponsor is Dubai-based airline, Emirates.
For the past few years Autopromotec’s organisers, Promotec Spa, have observed an ongoing “regional versus national trend” in the automotive trade show field. Up till now Promotec executives haven’t shared much about what this means for their shows or what plans they have in response, but now it looks like the goal is to export the successful Autopromotec model to other regions and markets, making the Bologna ‘mother show’ even more of a regional exhibition rather than simply an Italian show. Tyres & Accessories met up with Autopromotec brand manager Emanuele Vicentini during May’s Autopromotec in Bologna and learnt that we could soon be hearing about Autopromotec events in other countries.
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.
The Marshal tyre brand’s digital presence in the Middle East region has been expanded through the launch of a new website. The multilingual English-Arabic-Persian site aims to inform consumers prior to making a purchase decision, and in addition to covering the entire Marshal product range it provides a dealer locator to help potential buyers find the nearest centre. The site is optimised for desktop, tablet and mobile viewing.
Pirelli is to be the main sponsor of the grand finale of the eni FIM Superbike World Championship. Held next weekend in Qatar at the Losail International Circuit, Doha, the last round of the season will take the official name: “Pirelli Qatar Round”. The event is also notable as the first time the Superbike World Championship will take place at night.
While many of the quarterly results released at the moment make for depressing reading, those published by Goodyear Tire & Rubber yesterday show that the US-based tyre maker is making even better than expected progress on the path back to financial strength. An obviously pleased Richard Kramer reported on 29 October that Goodyear “delivered outstanding earnings growth in the quarter and achieved a segment operating income margin of more than 11 per cent, the highest in more than a decade, despite an increasingly challenged global economy. The chairman and chief executive officer added that “these results reflect our focus on capturing the value of our branded products in the marketplace and continued progress generating cost savings through our operational excellence activities.”
Apollo Tyres is reporting further inroads into the Kuwait market with the opening up of it first branded retail outlet in the country. The Apollo Zone is designed to provide customers with an enhanced retail experience and a better feel for the brand and products on display, including passenger car, 4×4 and light truck tyres. The new Apollo Zone is located in the up-market Canada Dry Street of Kuwait, and is operated by Federal General Trading & Contracting Co.
Annual and final quarter results for Apollo Tyres’ 2013-14 fiscal year, which ended on 31 March, show a solid increase in net profit for the India-headquartered tyre maker. In the 12 months between the start of April 2013 and the end of March 2014, the company achieved net sales of Rs 133.1 billion (£1.3 billion); this represents year-on-year sales growth of four per cent. Full-year operating profit rose 19 per cent over the previous year to Rs 19.7 billion (£197.2 million), while operating profit margin rose from 12.1 per cent to 14.8 per cent. Net profit jumped 64 per cent year-on-year to Rs 10.1 billion (£101.1 million).
Under restructuring measures Bridgestone is undertaking in the Asia region, Bridgestone Asia Pacific Pte Ltd. (BSAP) will expand its area of responsibility to include tyre operations in China. From 1 July, Bridgestone Asia Pacific – henceforth abbreviated to BSCAP – will become the head office in charge of both BSAP and Bridgestone (China) Investment Co. Ltd., the company’s current Chinese head office.
Revenue and operating profit at Hankook Tire was marginally lower year-on-year in the first quarter of 2014, the company reported on 30 April. Global sales revenue amounted to KRW 1.675 trillion (£958.9 million) between 1 January and 31 March, 0.3 per cent lower than the revenue achieved in the first quarter of 2013. Operating profit in Q1 2014 was KRW 260.1 billion (£148.9 million), 0.7 per cent less than a year earlier. Operating profit to sales ratio was 15.5 per cent.