![Michelin amongst Fortune’s most admired companies](https://www.tyrepress.com/wp-content/uploads/2020/01/mich-bib-logo.jpg)
Michelin amongst Fortune’s most admired companies
Fortune magazine has ranked Michelin the top tyre manufacturer and third within the Motor Vehicle Parts category in its ‘World’s Most Admired Companies’ for 2020.
Continue Reading![Pirelli major shareholder Chemchina restructuring](https://www.tyrepress.com/wp-content/uploads/2020/01/1920_dsc-2481-2-3-tonemapped.jpg)
Pirelli major shareholder Chemchina restructuring
On 23 January 2020, Pirelli & C. S.p.A. received a notification letter from its largest shareholder, China National Chemical Corporation Ltd. (ChemChina), informing the firm that it is undergoing “strategic restructuring”. The restructuring notice covered both ChemChina and Sinochem Group Co., Ltd.
Continue Reading![Tyre management software supplier integrates CAM’s e-jobsheet](https://www.tyrepress.com/wp-content/uploads/2020/01/x-data_cam.jpg)
Tyre management software supplier integrates CAM’s e-jobsheet
Tyre management systems supplier X-Data is integrating e-jobsheet into its Esapneus and ArcaPneus ERP software for the Italian dealer market.
Continue ReadingThe Parts Alliance to supply Petronas Syntium premium oil
The Parts Alliance has announced a long-term partnership with Petronas Lubricants International as its supplier of premium oil.
Continue Reading![SRI: New technique for examining materials within tyre rubber](https://www.tyrepress.com/wp-content/uploads/2020/01/SRI-rubber-observation.png)
SRI: New technique for examining materials within tyre rubber
Working together with a Japanese university, Sumitomo Rubber Industries, Ltd. (SRI) has established a new technique for observing materials contained within tyre rubber. This process differs from existing methods as it enables an evaluation of the actual rubber used in mass-produced tyres rather than relying upon processed test samples. The company behind the Falken tyre brand foresees the technique facilitating the development of tyres with superior performance characteristics.
Continue Reading![Manenti promoted in Trelleborg Wheel Systems EMEA reorganisation](https://www.tyrepress.com/wp-content/uploads/2020/01/Trelleborg-brand-agriculture-1.jpg)
Manenti promoted in Trelleborg Wheel Systems EMEA reorganisation
Elio Bartoli, EMEA president & global OEM at Trelleborg Wheel Systems (TWS) has announced several management changes to the Europe, Middle East and Africa regional organisation, all of which came into effect on 1 January, 2020. The announcement follows the news of Richard Lyons’s appointment as its new UK managing director.
Continue ReadingNokian Tyres: Lower sales and operating profit in 2020
Nokian Tyres expects that its net sales in 2020 will be below last year’s and operating profit will be “significantly” beneath 2019 levels. Operating profit will primarily be affected by costs related to the company’s expansion in North America and other investment programmes.
Continue ReadingFrance: Michelin, unions agree on support programme for redundant employees
Michelin’s plan to close its truck tyre factory in La Roche-sur-Yon, France took a step forward last Thursday when it signed an employee support agreement with four trade unions. This agreement with the CFDT, CFE‑CGC, SUD and FO unions followed 12 weeks of negotiations that took place between October and January.
Continue Reading![Jon Butcher appointed MD of Formula One Autocentres](https://www.tyrepress.com/wp-content/uploads/2020/01/jon-butcher-f1-autocentres.jpg)
Jon Butcher appointed MD of Formula One Autocentres
Formula One Autocentres has appointed Jon Butcher as its new managing director. The long-standing employee started as a tyre technician at its second depot in Rayleigh in 1987. Butcher climbed the ranks to become assistant manager, then manager, area manager and general manager before joining the board as sales director in 2005.
Continue Reading![Yokohama ends Chelsea shirt sponsorship](https://www.tyrepress.com/wp-content/uploads/2019/03/yoko-chelsea.jpg)
Yokohama ends Chelsea shirt sponsorship
While Yokohama has ended its Chelsea shirt sponsorship after “five very successful years”, the Japanese tyre manufacturer will continue its relationship with the premiership team as Official Global Tyre Partner.
Continue Reading![Global light vehicle sales low, further decline expected for 2020](https://www.tyrepress.com/wp-content/uploads/2020/01/global-light-vehicle-sales.png)
Global light vehicle sales low, further decline expected for 2020
In 2019, global light vehicle (LV) sales were at their lowest point since 2015, at 89.8 million, which was 4.8 per cent down on 2018’s 94.3 million total. December’s sales of 8.15 million were 2.3 per cent lower than in December 2018, according to GlobalData, a leading data and analytics company.
Continue Reading![Sobering autonomous vehicles attitudes slash forecasts – GlobalData](https://www.tyrepress.com/wp-content/uploads/2020/01/AV-forecast.png)
Sobering autonomous vehicles attitudes slash forecasts – GlobalData
CES in 2020 saw much more measured attitudes towards autonomous vehicles (AVs) than in previous years. As AV developers move beyond the technical hype and begin to tackle the immense challenge of putting safe self-driving vehicles on the road, many have realised that this goal will take more investment and more time to reach than previously thought, says GlobalData, a leading data and analytics company.
Continue ReadingUKTV invests £1 million in ClickMechanic
UKTV has invested in online car repair marketplace Clickmechanic.com using its multi-million pound investment fund, UKTV Ventures. The online start-up, which allows motorists to get quick online quotes and book pre-vetted mechanics, has secured £1 million worth of commercial airtime across the broadcaster’s network of channels. ClickMechanic’s real-time, online quoting engine is the first of its kind in Europe and empowers users to get the best deal possible and ensure they pay a fair price.
Continue Reading![BKT broadens football sponsorship in France](https://www.tyrepress.com/wp-content/uploads/2020/01/BKT_CDL_Finale2019_1-sml.jpg)
BKT broadens football sponsorship in France
It’s already title partner to the knockout championship Coupe de la Ligue (French League Cup), and now BKT has extended its football activities in France by becoming title sponsor to the country’s second division league. From the start of the 2020/21 season, this will be known as Ligue 2 BKT.
Continue ReadingBridgestone cancels Treasury Stock
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.
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