The BTE wheel, made from synthetic material, is no longer available from distributors F&F Hybrid-Rad but can be obtained direct from the manufacturer in the small German village of Grube (Schlewig-Holstein).
The division Speedline Truck supplies the major truck manufacturers in Europe and North America. In future the range will include flow-formed wheels – for trucks Speedline uses this technology exclusively, which has the effects of reduced weight and improved mechanical properties.
Velocity is the name of a newly created summer tyre. The program includes eleven sizes from 185/60 R14H to 205/45 ZR16. Continental and Dunlop South Africa are producing the tyre for the Tiger Wheels Group.
DTM (Deutsche Tourenwagen-Masters), the popular German racing series, will be revitalised this year. Dunlop is supplying all participating teams (Audi, Opel and Mercedes have confirmed their participation) with tyres. AMG-Mercedes’ teams, eight expected, will have wheels fitted by ATS.
1999 Cragar Industries (Phoenix/USA) sold most of the assets of its wheel business to Weld Racing and to Carlisle Tire & Wheel. The remaining assets have now been sold to midwest distributor PDK, Inc. and so the company has abandoned its (until now) core business of producing and distributing wheels. Cragar is still in the wheel business as the licensor of its brand, but is focussed now on Internet business.
Hayes Lemmerz sales and earnings in the first quarter 2000 were at the same level as last year. A significant drop in orders for heavy truck wheels and brake components was compensated by a successful expansion of aluminium wheel capacity worldwide.
NEUE REIFENZEITUNG, having focused in its wheel industry report on original equipment and vehicle manufacturers in its March issue, will in April concentrate on the pricing of wheels (manufacturer to customer), on technical features, the takeover merry-go-round and on the replacement market. It came as no surprise that motor manufacturers were not too keen on our trade magazine investigating the pricing procedure – which only serves to make this exercise that much more interesting. We are still a very long way away from completing the consolidation of the industry, as can be gathered from the takeover rumours that spring up afresh every week and from the commitment of large market players to use their strong growth potential. As our last issue went to press, we reported the sale of the Norwegian manufacturer Fundo, for instance. Who will be next? In the April issue we also take a closer look at some companies operating in the replacement market, which have influenced the most important European market, i.e. Germany, in 1999, e.g. Alcar, Artec/RH Alurad, Brock/Rad Center Derkum and many others.
Hayes Lemmerz International, one of the world’s leading suppliers of wheels, brakes, powertrain, suspension, structural and other lightweight components to the automotive and commercial highway markets, has announced that its Board of Directors has approved the repurchase of up to an aggregate of $30 million of its outstanding Common Stock. “Based on current market prices, our stock is at a historical low and we believe that the repurchase program is a good investment of available funds,” said Ron Cucuz, Hayes CEO and Chairman of the Board.
Superior Industries Int., North America’s leading manufacturer of original equipment aluminium wheels, has decided to repurchase 4 million of its 26.1 million outstanding shares. New orders of more than $ 350 million in the last twelve months has allowed an aggressive expansion of capacity, but the positive developments are not reflected in Superior’s stock price.
With the sale of assets Titan International (Quincy/Illinois), a manufacturer of speciality tyres and wheels, has exited the oe business with lawn and garden equipment as well as all terrain vehicles (ATVs) and improved its second quarter results due to the price paid by Carlisle Tire and Wheel Co. The new strategy of Titan will be to concentrate on agricultural and construction wheel business and tyre assemblies and to focus more on aftermarket demands.
Meritor Automotive, a subsidiary of the Rockwell group, has announced the expansion of production at its wheel plant in San Luis Potosi (Mexico) to two million units annually. The expansion is necessary because of increased demand in the North American OE market for light truck and pick-up wheels and includes the completion of assembly facilities. A major consumer is Daimler Chrysler (Dodge Ram).
Superior Industries (Van Nuys/California), North America’s Leading oe supplier of aluminium wheels, announced record revenues of more than 331 m US-$ (+13.5%) and record net income to more than 40 m US-$ (+16.3%) after tax.