Accuride Announces Second Temporary Waiver Agreement with Lenders
On August 14 Accuride Corporation announced its entry into a Second Temporary Waiver Agreement with its lenders, effectively extending its original July 1 agreement until September 7.
S&P Downgrades Conti Following Neumann’s Departure
Career TracksDow Jones reports that Standard & Poor's has reduced Continental AG’s credit rating two notches in light of concerns it has over the influence major shareholder Schaeffler has on the company's strategy and credit quality. The downgrading occurred a day after Karl-Thomas Neumann stepped down from Conti’s Executive Board following a power struggle with the Schaeffler, and according to Standard & Poor’s, Neumann’s resignation "heightens our concerns of a negative influence of Schaeffler on Continental."
Apollo Tyres Increases 2009 Capex
NewsApollo Tyres has apparently decided to up its 2009 capital expenditure from Rs 7 billion to 9 billion (£113.0 million). Rs 7 billion (£87.9 million) of these funds will go towards more than doubling capacity at its new Chennai facility, which is anticipated to come on-stream later this year. The remaining Rs 2 billion will be used for expanding production at the company’s Baroda plant in India’s Gujarat state.
Tyre Deflating Judge Quits Administrative Post
NewsThe power of Washington is a force to be reckoned with. The judge who allegedly deflated the tyre on a vehicle belonging to Charles County courtroom cleaner Jean Washington (as reported by T&A August 13) has resigned as chief administrator of the Circuit Court. A letter submitted by the Hon. Robert Nalley to Maryland Court […]
A New Day for Tyre Recycling in Kazakhstan
International News, News, RetreadingA new facility owned by the Kazakhstan Rubber Recycling company has become the Central Asian country’s first end of life tyre recycling plant to enter operation. The facility, located in the capital city of Astana, is equipped with machinery built by Germany’s MeWa Recycling Maschinen und Anlagenbau and holds a capacity of around 11,000 car and truck tyres per annum.
The Sun Lauds Minogue for Tyre Inflation Capabilities
NewsBritish tabloid, The Sun was singing the praises of Dannii Minogue today, alongside pictures of the karaoke judge checking the pressure of her tyres while on vacation in France.
Motor Codes Posts YouTube Video
NewsMotor Codes has published a YouTube video explaining that using a business which subscribes to the Motor Industry Code of Practice for Service and Repair offers enhanced consumer protection above the minimum levels required by law. The short file, “How to avoid cowboy garages…” offers a consumer-orientated explanation of what the code means to customers who take their cars in for service or repair to a subscribing workshop.
Nordisk Daek to Offer Winter Pattern Excellence at a Competitive Price
NewsWith the 2009 winter season fast approaching, Denmark-based Nordisk Dæk Import A-S (NDI) will be presenting an extensive selection of quality winter tyres to suit all European markets.
Michelin’s Winter Range Includes New Cold Weather Van Tyre
NewsMichelin has a wide variety of products suitable for the UK winter season, including fitments for smaller city and high performance passenger cars, 4x4s and small vans. The company stresses the importance to the UK market of offering performance in cold, damp conditions as well as in snow or ice.
Proportion of ESP Equipped Vehicles Grows ‘Significantly’ in Europe
Product NewsBosch reports the 81 per cent of passenger cars newly registered during 2008 in its home market of Germany are now equipped with its ESP electronic stability programme, two per cent more than last year. Europe-wide, 55 per cent of newly registered passenger cars were so equipped in 2008, five per cent more than in 2007. This figure is set to keep on growing as the enforcement date for EU legislation draws nearer – the EU requires all new vehicle models from November 2011 to be fitted with the safety system, while all newly registered vehicles must have ESP from November 2014. Similar legislation has also been passed in the US and Australia.
Bridgestone to Supply BMW Driver Training Programme
NewsMore than 54,000 drivers have taken part in BMW Driver Training programmes in Europe during the last three years and benefited from its specialised courses to improve individual driver skills, reactions and awareness. In August, Bridgestone announced the signing of a three-year contract to supply tyres to this business group within the German manufacturer’s “M” division. Through the agreement, Bridgestone becomes the exclusive tyre supplier for the BMW Driver Training fleet, which is made up of 1-Series, 3-Series, X5 and X6 vehicles, as well as the BMW M model range.
Tyrepress.com Launches New Website
NewsClick "register" in the top right-hand corner of this page to update your tyrepress.com registration free of charge. The system will then send you a confirmation email. Once this has arrived, browse to http://ww.tyrepress.com and select "sign in" at the top right of the page. After this you should see confirmation of your successful log in and will be able to browse the whole of the new site and comment on our new forum. Call +44 (0)1782 214224 or email info@77.237.250.82 if you have any further questions.
TGI Releases Statement on ITC Ruling
NewsTire Group International (TGI) has released a statement outlining a USA based exporter’s point of view” towards the International Trade Commission (ITC) ruling on imported Chinese passenger car and light commercial vehicle tyres. In this statement, TGI indicates it will continue to fight the ITC ruling and says that, after meeting with several state representatives, senators, and following phone conversations with the assistant secretary of Import Administration, the company is able to “shed light on the effect this ruling will have on re-exporters” such as itself.
Goodyear Philippines Launches UHP Concept Store
NewsGoodyear Philippines has launched its first Goodyear Racing Zone concept retail outlet for ultra-high performance tyres in Iloilo City.
Judge Sentences, Penalises Rear Tyre
NewsHe’s a judge – but when it comes to tyres, he also stands in as jury and executioner. An astounding number of US news sources, including the Washington Post and the NBC network, have picked up on the tale of Charles County, Maryland jurist Robert Nalley. The circuit judge has admitted deflating the tyre of a car parked near his courthouse. One newspaper, the Daily Record, reports that Nalley went to work on the tyre’s valve because he claimed “notes on the windshield did not work.”
