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The Goodyear FIA European Truck Racing Championship (Goodyear FIA ETRC) kicks off on 21-22 May in Misano, Italy. This year Goodyear increases its commitment to the pinnacle of European truck racing by becoming its title partner.
The government is considering scrapping the annual MoT test and replacing it with an inspection every two years, and this is a proposal that TyreSafe would like decision-makers to ponder very carefully – for the sake of road safety.
Although impacted by the rising cost of raw materials and logistics, off-highway tyre specialist BKT delivered a healthy profit in the financial year ending 31 March 2022. Profit after tax rose 22 per cent year-on-year to Rs 14.11 billion (£148.58 million) on the back of income that rose 47 per cent to Rs 84.19 billion (£886.52 million) and sales volumes that increased 27 per cent to 288,795 tonnes. EBITDA was, at Rs 21.82 billion (£229.76 million), up 21 per cent, with the margin contracting 5.6 percentage points to 25.9 per cent.
Appointed exclusive UK market distributor of Ascenso tyres in spring 2021, BA Bush & Son officially launched the agricultural tyre brand at the LAMMA farming show earlier this month. It is supplying Ascenso products to UK customers through both BAB Distribution (Trade) as well as 25 retail locations.
Sodium-ion batteries offer a number of advantages compared with their lithium-ion counterparts. Natron Energy, Inc. has spent ten years perfecting sodium-ion battery chemistry for mass manufacturing, and in 2021 released the world’s first UL listed sodium-ion battery product. It has now entered into a strategic agreement with Clarios International Inc. that will result in the world’s first mass-produced sodium-ion batteries.
Shareholders at the Annual Meeting of Compagnie Générale des Établissements Michelin on 13 May voted in favour of splitting the par value of the Michelin share into four. Michelin explains that this decision is linked to the 66 per cent rise in the share price between 31 December 2018 (€86.70) and 31 December 2021 (€144.15).
Later this month, Falken Tyre Europe will display a range of more than twenty tyre models at The Tire Cologne. This array of products will include several newcomers, such as the Falken e.Ziex electric car tyre, Azenis FK520 UHP tyre and Eurowinter HS02 and HS02Pro winter tyres.
Friday the 13th is a Blimp-free day in the UK – but keep an eye out for the airship tomorrow as it heads to Brands Hatch, where it will provide aerial coverage of the British Touring Car Championship on Saturday and Sunday.
Apollo Tyres reports revenue of Rs 209.48 billion (£2.22 billion) for the financial year ending 31 March 2021, 20 per cent higher than during the prior fiscal year. EBITDA declined 8.0 per cent year-on-year to Rs 25.74 billion (£272.59 million), with the EBITDA margin contracting 379 Bps to 12.3 per cent. Net profit stands at Rs 6.39 billion (£67.67 million).
Hopium, France’s first manufacturer of hydrogen-powered vehicles, is partnering with Bridgestone to develop tyres for its Hopium Machina saloon. Bridgestone will create the tyres using its proprietary Virtual Tyre Development technology, working to a remit of minimising rolling resistance in order to enhance the car’s 1,000-kilometre range.
Although the sales revenue of 185.6 billion yen (£1.2 billion) earned by the Yokohama Rubber Co., Ltd. in Q1 2022 was the highest figure it ever achieved in the January-to-March quarter and a 28.4 per cent improvement on the result attained a year earlier, the company nonetheless had little cause for celebration by the time rising costs and other complications were factored in. Profit attributable to owners of parent declined 63.5 per cent year-on-year in the first quarter of 2022 to 10.2 billion yen (£64.9 million). Operating profit was, at 13.7 billion yen (£87.1 million), down 62.7 per cent.
Marcos Guzman, president of B&J Rocket, reports that the retreading equipment specialist has appointed Humberto Karam its key account manager in Europe. Karam succeeds Christian Wolf, who has taken on the role of product manager at Kraiburg Austria.
The BMW Group has selected Apollo Tyres’ Vredestein Ultrac tyres as original equipment for the all-new BMW 2 Series Active Tourer, which went on sale across Europe from March 2022. Produced at Apollo Tyres’ Gyöngyöshalász plant in Hungary, the Vredestein tyres chosen by the BMW Group will be supplied in three sizes: 205/65R16 95W, 205/60R17 97W XL and 225/50R18 99W XL, each marked with a star symbol on the sidewall to indicate that they are a bespoke product for the BMW Group. This is the first time that Apollo Tyres has secured an original equipment deal with a BMW Group business.
Iochpe-Maxion, the world’s largest wheel supplier and the leading structural components supplier in the Americas, has set an objective of becoming a carbon neutral supplier by 2040. This target, Roadmap Zero, is the focus of all sustainability developments at the global Tier One.
Netherlands-based tyre upcycling company Black Bear has named Richard Dikkers its new commercial director. Black Bear says he “brings extensive knowledge and experience” to his new position, where he will support the company’s circular economy-based business model.
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