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Announcing the arrival of a new size 9.00-20 tyre, Nokian Tyres states that its Armor Gard 2 Mine “provides exceptional cut resistance, superb handling, and a prolonged service life,” making it an “ideal choice for drill rigs operating in demanding mining environments.” The 9.00-20 tyre joins a 10.00-20 size product in the range.
Negotiations between Faurecia, Michelin, and Stellantis have resulted in the signing of a binding agreement covering Stellantis’s acquisition of a 33.3% stake in zero-emission hydrogen mobility firm Symbio. Both Faurecia and Michelin now hold a 33.3% share in Symbio as well. The transaction is subject to customary regulatory approvals and is expected to close in the third quarter of 2023.
Favourable fourth quarter and financial year 2022-23 financial results for Apollo Tyres, with revenue growth across all regions amounting to 12% in the fourth quarter and 17% for the full year. The Board of Directors thus recommend a dividend pay-out of Rs 4.00 per equity share and a special dividend of Rs 0.50 per equity share.
Nexen Tire has joined the United Nations Global Compact (UNGC), an international initiative for sustainable and responsible corporate management. By signing on to the UNGC, the Korean tyre maker commits to aligning its actions with ten sustainability principles and pledges to contribute to the UNGC’s Sustainable Development Goals.
Yokohama Rubber has released its business and financial results for the first quarter of fiscal year 2023, reporting a 4.4% decrease in profit compared to the same period last year, to 9.7 billion yen (£57.0 million). Operating profit declined by 2.4% to 13.2 billion yen, while business profit decreased by 4.8% to 13.0 billion yen. However, sales revenue saw a significant 10.1% increase, reaching 204.3 billion yen (£1.2 billion), the highest ever for Yokohama Rubber in the January-to-March quarter.
Hankook Tire anticipates that tyres for electric vehicles will account for around 20% of its original equipment passenger car and light truck tyre deliveries in 2023. This figure represents a notable increase over prior years: EV tyres accounted for 11% of OEM car and light truck shipments in 2022 and just 5% in 2021.
Amongst the replies to questions asked prior to the company’s Annual General Meeting on 12 May 2023, Michelin reveals that it gave out up to around €2 million for lobbying activities worldwide in 2022. The company says its lobbying activities are “focused on five priority areas.”
Nokian Heavy Tyres Ltd. has completed negotiations regarding plans to lower production at its factory in Nokia, Finland. As the tyre maker previously announced, temporary layoffs will affect approximately 160 people.
The FIA has approved Pirelli Motorsport’s request under article 10.8.3 of the Formula 1 technical regulations to introduce a new specification of slick tyre. Pirelli will first provide this new tyre for the British Grand Prix, which takes place at Silverstone from 7 to 9 July.
Thanks to the deployment of a “comprehensive technology package,” Hankook Tire states that its latest generation of drive, steer and all-position truck tyres deliver “considerably less rolling resistance” than their predecessors. These new tyres are the Hankook SmartLine AL50 and SmartLine DL50.
Bridgestone has extended its Turanza tyre portfolio into the all-season segment with the launch of the Bridgestone Turanza All Season 6. This successor to the Weather Control A005 EVO is designed for electric and ICE vehicles and will be available in 85 car and SUV sizes for 16- to 21-inch rims, a range covering 96% of high-rim demand in the touring all-season segment.
Elliott Investment Management’s letter to Richard Kramer and members of the Goodyear Board of Directors contains the reassurance that it does not seek “any reductions in plant capacity or factory workforce.” Comforting words perhaps for members of the 74,000-strong Goodyear Tire & Rubber Company team engaged in production within the company’s 57 factories, but office-based employees have less reason to breathe easy.
As of 1 May, Yutaka Kimbara is the interim chief executive officer of Kwik Fit Nederland. He takes on this role at Kwik Fit’s Dutch operation following the departure of Martin Post, who is now general manager of car distributor Louwman Dealer Group. Kimbara will work in this capacity until a permanent successor to Post is named.
Nokian Tyres is taking part in a research project that aims to improve the quality and yield of recycled carbon black from end-of-life tyres, with the goal of using this material more extensively in tyre and rubber products. The two-year development project is coordinated by Windspace Group A/S and co-financed by government initiative the Danish Eco-Innovation Program.
Some 18 months after establishing a partnership with Monolith, Goodyear is launching a tyre containing the pyrolysis specialist’s carbon black. Owners of electric vehicles in North America can now fit the Goodyear ElectricDrive GT, a size 235/40R19 all-season tyre. This is the first tyre to feature this type of carbon black produced by Monolith.
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