Solicitors Slater and Gordon has announced that an out of court settlement has been reached in the Volkswagen NOx Emissions Group Litigation, whereby £193m will be made to the claimants by the Volkswagen Group, plus a separate contribution towards the Claimants’ legal costs and fees.
Electric vehicles are expected to account for more than 33 per cent of new car sales worldwide by 2031, according to new research compiled by GlobalData.
Electric vehicle (EV) sales have reached record numbers in recent years, with annual sales projected to increase ten-fold in the next 15 years, especially in China and Europe, due to favourable policies and auto manufacturer commitments, according to GlobalData.
Mercedes-Benz AG has selected Bridgestone as the tyre development partner for its Mercedes-Benz Vision EQXX. The outcome? Bridgestone engineers collaborated with Mercedes-Benz to create custom-designed tyres to contribute to a real-world range of 1,000km on a single charge. According to Bridgestone, collaboration on this project “sets the stage for the future of EV tyres and is underpinned by a shared EV-ready vision between the companies.”
Bridgestone’s VX-Tractor tyres have been approved for selected New Holland T6 and T7 Series tractors within the UK and Ireland. 28 sizes are currently available in diameters of 28 to 42 inches as factory fit. The tyre comes with a full 10-year warranty.
Pirelli will supply P Zero Elect tyres to BMW for its iX electric SUV and specifically for the xDrive50 and sportier M60 versions. P Zero Elect tires are available for the BMW iX xDrive50 version in 255/50 R21 109Y XL and 275/40 R22 107Y XL sizes, with the latter size also available for the M60. All these tyres are marked with a star to indicate homologation for BMW. Pirelli’s OE supply range includes a 22-inch BMW iX tyre with even more grip than the other two. This tyre has an “I” on the side, in addition to the star marking.
With the latest SMMT data naming the Tesla Model 3 as the most popular new-car in December as well as the second most popular in 2021 – no-one can deny that the era of electric vehicles is well and truly upon. However, while internal combustion engines (ICE) have generally separated engine, wheel and tyre, electric vehicles are bringing these vital mobility components closer together than ever.
On 6 January REE Automotive announced the appointment of David Goldberg as the company’s chief financial officer (CFO). Effective Feb 2022, Goldberg joins REE from Magna International, one of the world’s largest automotive suppliers, where he is currently senior vice president of corporate development, following a role as vice president of finance and corporate development at the company.
Vesevo has been awarded Hardware Innovation of the Year in the Automotive Testing Technology International Awards. According to the company, the VESevo system won thanks to its hardware which offers detailed analysis of the quality of tyres and predicts their interaction with the vehicle – offering advantages, above all, in safety, performance, and quality control.
Continental today announced a voluntary tyre replacement program for 67,128 ContiEcoContact 5 tyres in size 235/55 R 17 103 H XL across Europe. However, the number of tyres being voluntarily recalled in the UK is far lower, with just 477 ContiEcoContact 5 tyres sold in the UK replacement market covered by the announcement. The reason for the recall? “In rare cases, if the affected tyres are used over a longer or repeated period of time, with heavy loading or possible overloading, a sudden loss of air may occur.”
An aquaplaning measuring solution devised by Tread Ltd founder Ray Collier has won the prestigious Autocar Drivers of Change Digital Award. According to the award citation, Collier’s one-box solution offers a unique way of reducing the R&D costs associated with car and light truck/van tyres.
Pirelli is raising its full-year 2021 sales forecast off the back of better-than-expected performance in the third quarter of 2021, a trend that was particularly driven by performance in the so-called “high value” tyre segment. According to the Italian tyre manufacturer’s nine-month figures, which were published on the evening of 11 November, sales rose 28.6 per cent to almost 4 billion euros. At the same time, Pirelli more than doubled its earnings and can now report a pre-tax profit margin (EBIT) of 15 per cent.
The Goodyear Tire & Rubber Company has published figures that show its third-quarter 2021 sales were $4.9 billion, up 42 per cent compared with a year ago. Of course, much of this increase was driven by the company’s acquisition of Cooper Tire, but growth still came in at 16 per cent with the benefits of the Cooper merger excluded. At the same time, Goodyear executives also reported that the company now expects circa 50 per cent greater Cooper merger-related synergies than before. Specifically, this means a benefit of $250 million in run-rate synergies by mid-2023 up from an initial forecast of $165 million. And what’s more, the company expects to realize approximately $20 million of these savings in 2021. No estimates for 2022 synergies are being released until at least the end of 2021 and more likely February 2022 when full-year 2021 data has been processed.
Recently, Bridgestone Vietnam Tire Trading Co., Ltd and Bridgestone Tire Manufacturing Vietnam Co., Ltd (Bridgestone Vietnam) received the Best Supplier award in 2020 at the Toyota Motor Vietnam (Toyota Vietnam) annual conference.
Yokohama Rubber Co. Ltd.’s Advan Sport V105 tyres have been selected by Volkswagen of America for its Atlas Cross Sport GT Concept, which was unveiled in July. The car is fitted with 285/35ZR22 106Y size V105 tyres.
Electric Vehicle (EV) tyres currently represent 11 per cent of Bridgestone EMIA’s total passenger car OE tyre line-up – almost three-times what it was in 2019. Now the company says that figure will reach 20 per cent by 2024. According to the company, Bridgestone is developing a growing number of original tyre fitments specifically engineered for EVs. EV tyres may currently represent 11 per cent of Bridgestone EMIA’s total original equipment (OE) line-up for passenger cars (up from just 4 per cent in 2019), but the company says this figure will be over 20 per cent in 2024.