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Automotive supplier Hella has ended the fiscal year 2018/2019 (1 June 2018 to 31 May 2019) with an increase in sales and earnings. Currency and portfolio-adjusted sales have risen by 5.0 per cent compared to the previous year. Reported sales decreased to 7.0 billion euros (previous year: 7.1 billion euros) as a result of divestment from the wholesale business and taking the effects of exchange rates into consideration.
In addition to its latest line-up of Bridgestone and Firestone tyres, Bridgestone intends to display its latest tech solutions at the 68th annual International Motor Show (IAA). The company states that the following solutions will be showcased at the Frankfurt fair in September:
Delticom AG has managed to maintain its gross profit level in the first half of the year despite a slight decrease in sales compared with the prior-year period. Revenues amounted to 285 million euros in the six months to 30 June 2019, 2.1 per cent less year-on-year. Gross profit was 76.9 million euros, nearly unchanged compared to the previous year; stable profits and lower sales meant that the gross margin slightly grew to 21.9 per cent (H1 2018: 21.7%).
The likelihood of seeing BKT tyres ‘Made in the USA’ appears even more uncertain following an earnings call held by Balkrishna Industries Ltd. (BKT) on 13 August. Although the tyre maker reported three days earlier that the 20,000 tonne per annum factory project was just “in abeyance”, comments made during the call suggest the pause on work is more than temporary.
London Fire Brigade (LFB) reports that a “single storey warehouse was destroyed” during a blaze at a Kwik Fit outlet in London. Ten fire engines and around 70 firefighters from the East Ham, Ilford, Stratford, Plaistow, Leytonstone, Barking and Poplar fire stations were called out on Tuesday evening. Firefighters battled the blaze for more than an hour before bringing it under control, their job made more difficult by gas cylinders that exploded due to the heat.
Thomas Loock is the new chief financial officer of online tyre retailer Delticom AG. Loock begins in this role today and is initially contracted for a one-year period. He joins Delticom with more than 26 years of commercial experience.
As Advanced Driver Assist Systems (ADAS) become more prevalent in the vehicle car parc, it is vital that all independent workshops understand the technology and are equipped to handle working on these systems.
Members of the automotive media – including players from Tyrepress.com – have won the Trico Cup for the first time after a magnificent 4-3 comeback against Trico.
A bell that has helped saved many lives in South Wales over the years is being taken on a national tour with the aim of saving many more in the future. The station bell from Cardiff Central Fire and Rescue Station has previously been used to alert firefighters to emergencies and has since been replaced by an electronic system. However, the hand-rung bell was retained for ceremonial purposes.
One of the many highlights of Kumho Tyre’s partnership agreement with Premier League football club Tottenham Hotspur is the annual five-a-side tournament the club lays on for Kumho’s UK customers. Kumho considers this a money-can’t-buy experience that is “eagerly anticipated” by all concerned.
In addition to saving money, truck fleet operators can reduce their vehicles’ environmental footprint by adopting a tyre programme that includes retreading. In light of the current public debate about CO2, Continental has shared on how its ContiRe retreads can help.
Pagani has a new hypercar, and once again Pirelli has been assigned to take care of the tyres. Of course, not just any tyre will do – Pirelli has developed a version of its most performance-focused road tyre specifically for the Pagani Huayra Roadster BC. The P Zero Trofeo R will be fitted as original equipment on the Huayra Roadster BC in size 265/30 R20 at the front and 355/25 R21 behind.
In June and July, J.K. Organisation company JK Credit & Finance acquired 50.003 per cent equity shares in Indian start-up Treel Mobility Solutions Pvt. Ltd. JK Tyre & Industries has now obtained 26 per cent equity in the smart tyre system specialist from its group sibling and rebranded Treel as a ‘JK Tyre Product’. JK Tyre paid Rs 59.8 million for its 26 per cent share in Treel; JK Credit & Finance continues to hold 24.003 per cent in the company.
US non-profit organisation 2020 Women on Boards has goldstarred Cooper Tire & Rubber as a Winning “W” Company for the level of female representation on its Board of Directors.
Last season’s engagement with ‘domestic treble’ winner Manchester City F.C. gave Nexen Tire abundant exposure. The tyre maker returns again in 2019/20 as an Official Partner, its fifth season with the club and its third as Sleeve Partner. The current season got underway with a 5-0 win against West Ham last Saturday.
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