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The Board of Directors at off-highway tyre specialist Balkrishna Industries Ltd. (BKT) have temporarily suspended their plans to invest in setting up a factory in the USA. According to the Board, the capex project has been placed in abeyance due to “difficult macroeconomics” and “volatile climate conditions.”
The organisation that represents franchised car and commercial vehicle retailers in the UK says it welcomes Transport Secretary Grant Shapps’s announcement that an additional £2.5 million will go towards to fund the installation of over 1,000 new charging points for electric vehicles. Sue Robinson, director of the National franchised Dealers Association (NFDA) comments “it is positive to see that the Government has announced additional funds for chargepoints on residential streets.”
Nokian Tyres has once again signed up as main sponsor of the World Orienteering Championships, which begins in Norway today. This is the fourth consecutive year that Nokian has partnered with the International Orienteering Federation (IOF) for the event.
Alloy rim manufacturer BBS claims to have “reinterpreted the Y-spoke” pattern with its new XR design. The XR goes on sale this autumn in 18-inch sizes and a platinum silver gloss finish; BBS says 19-inch sizes and a diamond-turned finish are currently in preparation.
Kumho Tyre is the new Premium Partner for German football club Bayer 04 Leverkusen and, for the annual DFB Cup knockout competition, sleeve partner. The two-year partnership between the tyre maker and football club got underway on Saturday when the Bayer 04 players took to the field in their new kit for the first round of the DFB Cup, a match that saw them defeat Alemannia Achen by four goals to one.
Hankook Tire has extended its original equipment supply activities, this time in North America with tyres for the new 2020 Ford Explorer. America’s best-selling SUV will wear Hankook Kinergy GT all-season tyres in size 255/65R18.
Micheldever Group says it is “absolutely delighted” that Micheldever Tyre Services/Protyre has been shortlisted for five NTDA Tyre Industry Awards this year. The categories it has been nominated for are:
The U.S. Tire Manufacturers Association (USTMA) anticipates that an increase in replacement market passenger car tyre business will drive an overall increase in car tyre shipments in the USA this year. It projects that tyre shipments will increase by 0.76 per cent to 332.9 million units this year.
BMW has confirmed it will join the FIM Endurance World Championship (EWC) with a factory-supported entry, using the latest new S1000 RR equipped with Dunlop tyres.
The New Zealand government is looking to introduce a regulated product stewardship scheme for end of life tyres (ELTs) that places financial responsibility upon importers and retailers to ensure their products are recycled. Tyres are one of six priority products identified by the country’s Ministry for the Environment. The ministry is seeking consultation on proposed guidelines for regulatory product stewardship schemes and is accepting submissions until 4 October.
Indian automotive components manufacturer Endurance Technologies Limited has informed the National Stock Exchange of India (NSE) that it’s halted plans to set up a tyre manufacturing operation. The decision not to expand into this area was made after investors voiced concerns about the project.
In just a few months’ time, Toyo Tire Corporation will begin research and development work at a new site in Europe. The tyre maker is setting up an R&D centre in Willich, Germany to support its future factory in Serbia, and intends to start operations there in the autumn. Having a local R&D presence in the vicinity of vehicle manufacturers and related companies will, says Toyo, be beneficial in terms of the quality and freshness of the information gained.
When the rubber hits the…rubber: Highways England is trialling a new road surface using recycled tyres. The rubber-asphalt mix has been laid on a section of the M1 near Leicester and is now being evaluated for durability.
In the past it remained open to a potential investment in solid-state battery cell production, however Continental has now ruled out entering this market. Andreas Wolf, chief executive officer of the company’s Powertrain business, states that “the disruptive market no longer offers any attractive economic prospects for battery cell production for Continental.”
Continental is the latest automotive sector company to report lower year-on-year income in the second quarter of the year. The tyre maker and automotive systems supplier describes its fiscal performance during the period as “an overall solid” result despite a “sharply declining market.” It is nevertheless considering ways of keeping its production costs in check, and will report its progress to this end in the weeks to come.
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