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Bridgestone reports that it yesterday completed the cancellation of Treasury Stock pursuant to Article 178 of the Companies Act, a measure decided upon at a meeting of its Board of Directors on 15 February 2019. A total of 47,838,200 common shares have been cancelled, 6.8 per cent of issued shares.
Sales of tyres produced by European Tyre and Rubber Manufacturers’ Association (ETRMA) members decreased year-on-year in almost every product category during 2019. The ETRMA describes the market last year as “weak”, and this is particularly the case for the original equipment segments.
The sponsorship agreement between Hankook Tire and Real Madrid has been extended until the end of the 2022/23 season. This continued collaboration between tyre maker and Spanish La Liga football club was sealed at a ceremony recently held at Santiago Bernabéu stadium. Florentino Pérez, president of Real Madrid, and Sang Hoon Lee, Hankook Tire’s president in Europe, oversaw proceedings.
Kamaz-Master has notched up yet another Dakar victory. Last Friday, the team finished in first and second place in the Dakar 2020 after 12 challenging stages, winning the famous rally for the 17th time. As official tyre partner to Kamaz-Master, Goodyear is particularly pleased with the result.
The world’s largest independent retailer of tyres and wheels has a new chief executive officer. US-based company Discount Tire has promoted Dean Muglia to the role. He succeeds Michael Zuieback, who will retain the role of executive chairman.
German workshop machinery and equipment manufacturer Beissbarth GmbH has acquired API Car Systems GmbH, a developer of robotic systems for touchless wheel alignment. Stargate Capital, which acquired Beissbarth along with Sicam in 2018, reports that API Car Systems became a Beissbarth company as of 1 January 2020. It will continue as a separate legal entity, with its headquarters remaining in Leipzig, Germany.
Apollo Tyres has partnered with Manchester United F.C. for more than seven years, and an important aspect of this engagement has been the nurturing of young football talent. The latest programme has now been launched in India and involves the Manchester United U-18 team, which in May will visit the country for the first time.
The shortlist of nominees for this year’s Tire Technology International Awards for Innovation and Excellence have been announced. Each of the five main awards categories will be contested by five to seven contenders; the winners will be announced on 26 February, as will the recipients of two further awards, the 2020 Young Scientist Prize and Lifetime Achievement Award.
Visitors to Autosport International earlier this month were able to take a good look at the recently launched range of Yokohama tyres for classic cars. Some even caught a glimpse of rally legend Paddy Hopkirk at the Yokohama stand. During his visit, Hopkirk was joined by a replica of the Mini Cooper S he drove […]
Avon Tyres has launched a trio of high-performance motorcycle tyres: the road-focused 3D Ultra Evo hypersport and the track-focused 3D Ultra Xtreme Slick and Xtreme Rain Racer.
The 2020 Budget that India is scheduled to present on 1 February is expected to include changes to basic customs or import duty on more than 300 products. Tyres are one of them, and prices for tyres imported into India may soon rise dramatically. In its recommendations to the country’s Ministry of Finance, India’s Commerce and Industry Ministry has proposed increasing customs duty on pneumatic tyres, now 10-15 per cent, to 40 per cent.
After securing the top spot in 2018, Grey cemented its position as the UK’s favourite new car colour again last year. According to figures released by the Society of Motor Manufacturers and Traders (SMMT), the number of grey cars registered in 2019 rose 5.3 per cent to 521,273. This means that 22.6 per cent of all new cars sold were painted grey, 1.6 per cent more than in the previous year.
Start making the popcorn – a new film from Falken Tyres is about to debut. Called ’20 Years, 20 Stories’, the film covers the brand’s 20th-anniversary celebration at the 24 Hours Nürburgring last year and shares the experience of the legendary race as told by 24 people before, during and after the event.
On 11 January, Sailun Tire and production car drifting series D1 Grand Prix (D1GP) signed their official partnership for the 2020 season, solidifying Sailun as an official strategic partner and tyre supplier for what many consider to be the world’s top international drifting event.
Bridgestone UK has got 2020 under way with a new appointment within its consumer sales team. Furthermore, in order to generate new sales leads and re-engage with existing customers, it has also carried out an internal reorganisation.
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