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Grupo Soledad has won the contract to supply and maintain tyres for the Spanish National Police fleet. The Spanish Ministry of the Interior reportedly chose Grupo Soledad, which will supply and fit Nexen tyres for Spanish National Police cars, based on the distributor’s “quality and service proposal”.
GB Tyres has bought Nordic Tyres (UK) Ltd. Nordic Tyres, which is based in Dumfries, Scotland, was established in 1999 and has become a well-known name in the UK agricultural and forestry tyre sectors. Alan Lindsay, managing director, Nordic Tyres will remain in the business.
On 3 August, LKQ Corporation (LKQ) and Uni-Select Inc confirmed that the previously-announced acquisition of Uni-Select by 9485‑4692 Québec Inc, which is a wholly-owned subsidiary of LKQ, officially completed on 1 August 2023. This follows a complex and ongoing monopoly-related investigation by UK authorities.
The Tire Society has published the details of presentations scheduled for its 42nd Annual Conference (12-13 September 2023, at the University of Akron, Ohio). In addition to in-person attendance, benefitting from live Q&A, sponsor exhibits and a student poster session, registrants can access the presentations after the Conference via a “play-on-demand” feature. Registration includes Tire Society Membership, which gives access to the critically reviewed Tire Science and Technology Journal.
Rema Tip Top recommends repairing punctured tubes rather than disposing them too quickly. And to that end, the company has been developing bicycle tyres repair products for over 100 years. Now the company has released a video showing how repairs can be done easily and quickly.
Following the news that the TRA Briefing Day is returning on 13 September 2023, the Tyre Recovery Association has released details of the speaker line-up.
Cosmo Tires and Paul’s Tire Services of Hollywood, Florida have opened the first Cosmo-branded retail store. The 8,000 square foot facility marks a significant milestone for Cosmo Tires offering “an enhanced tyre shopping experience for its customers.”
The Goodyear Tire & Rubber Company’s fell share price fell 20 per cent when markets opened on 3 August 2023. The sharp fall to around $12.30 represents the lowest point since investor Elliott called for largescale strategic and board composition changes on 11 May 2023. At the time of going to press, Goodyear’s share price was showing signs of recovery and trading at around $13.15.
At the end of June, at least some of Yokohama OHT’s computer systems were attacked the Akira Ransomware Group. According to reports by two online media sources, the Akira group launched its cyber attack on Yokohama OHT on 21 June 2023.
The Goodyear Tire & Rubber Company has reported a second quarter 2023 net loss of $208 million compared to net income of $166 million a year ago. According to executives, the sharp drop was primarily due to lower sales volume and higher “other expense”, driven by lower net gains on asset sales and higher pension costs.
Goodyear lost $19 million in the EMEA region in the second quarter of 2023, with segment operating income down $71 million or 136.5 per cent compared with the $52 million operating income achieved at the same point in 2022.
GB Tyres started its wholesale offering back in 2012 focusing on value truck tyres. The business has grown rapidly in the last 10 years, and has even extended its product range into PCR, agricultural, plant and OTR segments. The business is now sees itself as “easily one of the largest commercial truck tyre wholesalers in Europe”, with a stockholding of more than 80,000 truck tyres and continues to focus on development in the commercial vehicle sector.
Repairify Australia Holdings Pty Ltd and Capricorn Society Limited have entered into a joint venture agreement to deliver “leading-edge remote automotive repair solutions to repairers across Australia and New Zealand”. Repairify and Capricorn have equal ownership of the joint venture, which will be branded as Repairify and distributed across Australia and New Zealand by Capricorn through the Capricorn Preferred Supplier Network.
moveero has announced the appointment of Steve Cook as its new sales and business development director, Americas. Cook will lead the strategic alignment with global customers and resulting company’s growth drive.
Made up of 10 regional members, Group Tyre UK Ltd is one of the UK’s largest tyre wholesalers. Group Tyre UK’s strapline is ‘National Strength, Local Service’, words that reflect the company’s business philosophy and its commitment to customers. Group Tyre UK chairman, Gary Oliver, who also acts as managing director for home counties Group Tyre member and tyre distributor, Group Tyre Wholesale Ltd, and IT manager, John Kingman, explained how the company is working to deliver on its promise, an approach that can be summed up in two words: “transformational IT”. And that specifically means the adoption of CAM’s Warehouse Management System, following on from the earlier adoption by fellow group tyre member Magowan’s.
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