Macrolink Group, a significant shareholder of Sailun, recently received a civil ruling from the court in Beijing. The document shows that the court has accepted the reorganisation application filed by Hunan Fortune Group against Macrolink Group. It is reported that the cause of this incident was that Macrolink Group failed to pay off its due debts, and Hunan Fortune Group was the creditor.
Continental has merged its passenger and truck tyres replacement businesses in Europe, the Middle East, and Africa. Philipp von Hirschheydt, former head of the passenger tyres replacement business in the EMEA region, leads the new business unit. This transformation started on 1 January, 2020, becoming effective on 1 July, 2020. Conti states that it has merged the businesses to “increase customer centricity while increasing the overall efficiency of the organisations.” In making this organisational change, Conti has shifted its structure to align with customer groups rather than product categories.
Toyo has made a number of organizational, structural and personnel changes, including an executive reshuffle.
First, the company will change its corporate trade name from Toyo Tire & Rubber Co., Ltd. to Toyo Tire Corporation, effective on 1 January 2019. According to the company, the corporate name change will leverage “getting our business operations rolling with the aim of strengthening governance and achieving further growth, which we will endeavour to implement under a new management structure.”
At the Pirelli Board of Directors meeting scheduled for 14 May 2018, Marco Tronchetti Provera will present to board members the tyre maker’s proposal for developing an organisation to support the company’s Integrated Business Model. This proposed organisation, which the executive vice-chairman and chief executive officer has already shared with the chairman of the board, involves a new distribution of responsibility within the company.
Michelin has announced plans to significantly reorganise globally, resulting in significant job losses in France and the US most of which will be covered by natural attrition.
In the United States 450 jobs in central functions are to be cut between 2018 and 2021. According to Michelin, 1,500 employees would actually leave the company in the same period, suggesting a large majority will result from natural attrition and retirement.
Bridgestone Corporation has report increases in its full-year sales and strong increases in profitability, with net-income up 49 per cent compared with the 2013 financial year. Net sales amount to 3,673.9 billion yen (£20.161 billion; 27.108 billion euros; US$30.951), up 3 per cent or 105.8 billion yen. Operating income amounted to 478 billion yen (£2.623 […]
Cooper Tire & Rubber Company chairman, chief executive officer and president Roy Armes has announced details of a reorganisation of the company’s executive leadership centring on the appointment of a new president – International Operations. The changes take effect immediately.
Macrolink group
Continental