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You are here: Home1 / November

Posts

Up to a million shares to be acquired in Michelin buyback

Company News

Michelin says it has implemented a partial share buyback scheme and under this will acquire up to one million Compagnie Générale des Établissements Michelin shares. The company says it has “called on the assistance of an Investment Services Provider to meet certain objectives” of the share buyback programme authorised at Michelin’s Annual Shareholders Meeting on 17 May 2013.

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Related news:

  1. Michelin announces employee share offer
  2. Michelin Increases Stake in Hankook
  3. CBp Carbon Pyrolysis Rights Redistributed in Share Transfer
  4. Michelin amends share buyback agreement
2nd May 2014/by Tyrepress Editors

Yokohama suspends Clippers sponsorship in wake of racism controversy

International News

Donald Sterling, owner of the US basketball team Los Angeles Clippers, is in a lot of hot water over a recorded conversation in which he allegedly told his girlfriend not to bring black people to games played by his team. Even President Barack Obama has described the comments as being “incredibly offensive racist statements”. Team sponsor Yokohama Tire Corporation has also responded to the incident, placing a question mark alongside its future association with the Clippers.

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Related news:

  1. Yokohama Tire Corporation reinstates LA Clippers sponsorship, with charity donation
  2. Yokohama adds Cowboys to Sponsorship Corral
  3. Yokohama Tire expands baseball sponsorship with Phillies deal
  4. BKT hires agency to coordinate Monster Jam involvement
29th April 2014/by Tyrepress Editors

Kumho Tyre gains naming rights for Australian Junior Rally Challenge

Motorsport

Kumho Tyre Australia has become the new naming rights sponsor for the Australian Junior Rally Challenge, further expanding the company’s backing of the ECB Australian Rally Championship. Kumho is already the championship’s official tyre supplier. Announcing the company’s participation as naming rights sponsor, Kumho Tyre Australia’s national marketing and training manager, David Basha, said “Kumho believes in the future of the Australian Rally Championship and backing the Junior Challenge is all about nurturing the future stars of the sport who will help build interest in the championship overall.

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Related news:

  1. Kumho Australia appoints NSW motorsport tyre distributor
  2. Kumho extends Australian V8 series supply
  3. Kumho extends Australian rally commitment
  4. Kumho recognised for CO2 reductions
30th January 2014/by Tyrepress Editors

Above-target EBIT, slight sales growth – Conti gives provisional figures for 2013

Company News

Continental’s newly-published provisional key figures for the 2013 fiscal year show the tyre and automotive component maker achieved an adjusted EBIT margin of 11.2 per cent, comfortably beating the target of at least 10.5 per cent set last November. Year-on-year sales increased slightly, rising from €32.7 billion to €33.3 billion.

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Related news:

  1. 2012 a record year for Continental
  2. Karlheinz Haupt new head of the Advanced Driver Assistance at Conti
  3. Klaus Deller named next Schaeffler CEO
  4. Conti Names Replacement for “Controversial” Koerfer
13th January 2014/by Tyrepress Editors

Laser launches TPMS tool set

Product News, UK News

With already high levels of OE TPMS fitment increasing as the 1 November 2013 fitment mandate approaches, Laser has launched a set of tool designed to assist in the aftermarket servicing of these products.

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Related news:

  1. Bartec’s six steps to TPMS success
  2. Tech expands TPMS range
  3. Autogem to supply TPMS to Point-S UK network
  4. Snap-on launches entry level diagnostic tool
8th January 2014/by Tyrepress Editors

Binder elected chairman of Delticom’s Supervisory Board

Career Tracks

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.

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Related news:

  1. Karlheinz Haupt new head of the Advanced Driver Assistance at Conti
  2. Heitmann leaving Lanxess – former CFO filling his shoes
  3. Klaus Deller named next Schaeffler CEO
  4. Tirendo brings Delticom its first-ever negative result
6th January 2014/by Tyrepress Editors

UK vehicle production figures released

UK News

The latest batch of UK vehicle production statistics covering the month of November 2013 was released by the Society of Motor Manufacturers and Traders (SMMT) just before Christmas.

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Related news:

  1. Return to 1.5 million mark expected for UK car manufacturing in 2013
  2. UK Car Production Rises in November
  3. UK car manufacturing grows 1.1% in 2013 H1
  4. Strong van registrations counter Euro-6 truck dip in February
3rd January 2014/by Tyrepress Editors

Return to 1.5 million mark expected for UK car manufacturing in 2013

UK News

UK car production rose 4.5 per cent in first 11 months of year to 1,424,023 units, the SMMT reports. This means that output looks set to pass 1.5 million units in 2013, the first time this has occurred in six years.

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Related news:

  1. UK vehicle production figures released
  2. Strong van registrations counter Euro-6 truck dip in February
  3. UK car production continues to boom in June
  4. UK commercial vehicle production falls in April
20th December 2013/by Tyrepress Editors

Half-century milestone for Lanxess’ Zwijndrecht plant

Company News

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.

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Related news:

  1. Conti Proceeding with New Recruits in Romania
  2. Two-Year Delay for Opening of Lanxess Butyl Rubber Plant
  3. Lanxess relocates Tokyo office staff
  4. Groundbreaking held for Sumitomo S-SBR plant
20th December 2013/by Tyrepress Editors

Bridgestone Australia Leukaemia Foundation Village officially opens

International News

In late November, a Bridgestone Australia-sponsored AU$9.5 million (£5.3 million) patient accommodation village designed to support regional blood cancer patients and their families was officially opened in Adelaide’s north-east. The Bridgestone Australia Leukaemia Foundation Village offers free specialised accommodation and support services to patients and their families, mostly those from regional areas who often have to spend months away from home while undergoing treatment.

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Related news:

  1. Bridgestone goes into bat for the kiwi
  2. Bridgestone Australia Workers Agree to Revised Redundancy Package
  3. Bridgestone donates to New Zealand earthquake appeal
  4. Bridgestone donates Australian factory land to local community
11th December 2013/by Tyrepress Editors

November van and truck registrations headed for best year since 2008

UK News

Total commercial vehicle registrations were up strongly in November, rising by 22.7 per cent to 28,057 units in the month says the SMMT. The year-to-date CV market is up 10.9 per cent at 294,991 units and on track to top 300,000 units for first time in five years.

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Related news:

  1. September commercial vehicle registrations rise 12.4 per cent
  2. Strong van registrations counter Euro-6 truck dip in February
  3. Strong van sales boost February CV market
  4. Record half year too for CV sales
5th December 2013/by Tyrepress Editors

New car registrations touching double digits across the UK countries

UK News

With 26 days till the end of the year, the latest year-to-date new car registration figures collated by the SMMT show that that registrations have been strong across the UK, but especially in Wales. Every country in the union registered near double-digit growth, with the slowest growth (9.48 per cent) taking place in bar far the largest part of the market – England. Here registrations in the period totalled 1.781 million from 1.627 million last year.

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Related news:

  1. March new car registrations the highest in 10 years
  2. New car registrations make March biggest month in a decade
  3. Mixed bag for April regional car registration figures
  4. November fall for CV registrations
5th December 2013/by Tyrepress Editors

Giese leaves Giti Germany

Career Tracks

At the end of November Andreas Giese, who held the position of marketing manager at Giti Tire Deutschland GmbH since the start of 2010, left the company. Until a successor is appointed his duties will be carried out by the company’s ‘DACH’ region general manager Rainer Harter.

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Related news:

  1. SmarTire Appoints New President and CEO
  2. GiTi names Peter Foulkes European commercial tyres director
  3. GiTi Tire appoints German TBR Sales, Marketing manager
  4. Falken Tyre Europe appoints new product manager
4th December 2013/by Tyrepress Editors

BTCC to run at full capacity on Dunlop in 2014

Motorsport

A full grid of 32 entries will compete for the Dunlop MSA British Touring Car Championship again in 2014, the headline sponsor and tyre supplier has confirmed. All 32 available TOCA BTCC Licences (TBLs) were allocated during the pre-registration process, which closed on 30 November. TOCA, the series organiser, has introduced TBLs for next year with the goal of providing teams with longer-term stability and security.

Read more

Related news:

  1. Dunlop tests BTCC soft compound
  2. Pirelli Historic Rally Gets “New Look” Following Competitor Feedback
  3. Jordan extends Dunlop MSA BTCC advantage
  4. Dunlop and Evo Return with “Motorsport X-Factor”
2nd December 2013/by Andrew

Conti’s Sumter plant now in operation

International News

The Facebook page set up by Continental Tire the Americas’ Sumter facility has announced the plant’s early production start. Production was originally scheduled to commence in the beginning of 2014, however plant manager Craig Baartman wrote on 24 November that production was underway at the new South Carolina plant. Baartman thanked employees and Sumter economic leaders “for their help in getting us to where we are today.”

Read more

Related news:

  1. Conti’s US prices to rise in November
  2. Conti tyre cord plant turns 125
  3. German Michelin plant manager given Europe-wide responsibility
  4. Mitas US plant warming up for serial production
26th November 2013/by Tyrepress Editors
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