![Free & easy: Agritechnica launch for AgroPressure by Michelin](https://www.tyrepress.com/wp-content/uploads/2019/11/agropressure.jpg)
Free & easy: Agritechnica launch for AgroPressure by Michelin
Michelin has presented a free of charge tyre pressure calculation aid for farmers at this year’s Agritechnica show. The AgroPressure by Michelin service aims to alleviate the tedium of having to manually estimate load and then refer to tables outlining the manufacturer’s recommendation. Michelin says its solution is “connected” and “smooth”.
Continue Reading![EATD to distribute Mahansaria off-highway tyres in 8 European markets](https://www.tyrepress.com/wp-content/uploads/2019/11/EATD-Mahansaria-sml.jpg)
EATD to distribute Mahansaria off-highway tyres in 8 European markets
EATD recently disclosed plans to bring a new investor on board, and when we spotted Yogesh Mahansaria visiting the distributor’s stand at Agritechnica 2019 the list of potential investor candidates suddenly became a whole lot shorter. Mahansaria is indeed the new investor; EATD confirms that Mahansaria Tyres Private Limited (MTPL) has reached an in-principle agreement to acquire a major stake in the company.
Continue Reading![Halfords buys Tyres on the Drive for £746,000](https://www.tyrepress.com/wp-content/uploads/2019/11/HalfordsTotd.jpg)
Halfords buys Tyres on the Drive for £746,000
In October Halfords Group bought troubled online tyre retailer Tyres on the Drive for £746,000, but the company had previously valued the business at as much as £150 million.
Continue Reading![McConechy’s Tyre Service Ltd sold to Halfords for £8.5 million](https://www.tyrepress.com/wp-content/uploads/2019/11/McConechys.jpg)
McConechy’s Tyre Service Ltd sold to Halfords for £8.5 million
Halfords Group plc bought McConechys Tyre Service Limited, the sixth-largest tyre retail business in the UK, on 7 November 2019 for £8.5 million. This makes the newly-expanded Halfords Autocentres the second largest tyre retailer in the UK.
Continue Reading![Halfords and Mobivia forge long term sourcing alliance](https://www.tyrepress.com/wp-content/uploads/import/halfords_834000471.jpg)
Halfords and Mobivia forge long term sourcing alliance
Halfords and Mobivia have forged a joint purchasing alliance relating to own-brand products. The idea is to offer “more effective joint product development and greater innovation in both companies motoring and cycling ranges”.
Continue ReadingNissan’s latest results underline scale of recovery challenge ahead – GlobalData
Following the release of Nissan’s financial results (12 November 2019), where the company has reported quarterly operating profits are down 70 per cent on last year, David Leggett, automotive editor at GlobalData, a leading data and analytics company, offers his view: The latest set of results from Nissan underlines the scale of the recovery challenge ahead for Nissans newly shaken-up management team. The company is clearly struggling to get back on track a year after the arrest of ex-chairman Carlos Ghosn on financial misconduct charges.
Continue Reading![Klarius wins prestigious manufacturing excellence award](https://www.tyrepress.com/wp-content/uploads/2019/11/Klarius264_NAA_Awards_2019_pic1_PR5845_47316.jpg)
Klarius wins prestigious manufacturing excellence award
Klarius has been presented with the Northern Automotive Alliance’s Manufacturing Excellence Award. The award was presented by Jaguar Land Rover and followed a detailed application that focussed on continuous improvement (CI) and a quality driven culture at the company’s manufacturing plant in Cheadle near Stoke-on-Trent, Staffordshire.
Continue Reading![Traxx Tyres adds Vredestein tyres to distribution range](https://www.tyrepress.com/wp-content/uploads/2019/11/traxx.jpg)
Traxx Tyres adds Vredestein tyres to distribution range
UK tyre wholesaler Traxx Tyres has announced a new partnership with Apollo Vredestein. Traxx will initially stock and distribute Vredestein brand tyres, with the possibility of adding the Apollo tyre range in the future.
Continue ReadingConti boosts Pyrolyx share price
Pyrolyx AG shares gained 6 per cent in Australian trading after the company announced it has entered a rCB supply deal with Continental AG, according to Nasdaq.
Continue ReadingRicardo invests in £1.5m spiral bevel grinder
Investment by Ricardo in leading-edge gear manufacturing machine tools has improved productivity and extended capability, as the recent investment of £1.5m in a Klingelnberg spiral bevel grinder has begun delivering market ready components. The manufacturer states that the new investment underlines its commitment to meeting the needs of its customers for high performance transmissions.
Continue ReadingBYD, Toyota tie-up on BEVs for China mutually beneficial – GlobalData
Following the news that Toyota and BYD are setting up a joint company to develop battery electric vehicles (BEVs) targeted at the Chinese market, David Leggett, automotive editor at GlobalData, a leading data and analytics company, says the cooperation makes sense for both parties.
Continue ReadingBridgestone adds India to EMEA region
From 1 January 2020, Bridgestone’s India business will fall into the EMEA Strategic Business Unit (SBU), transferring from the China, Asia-Pacific SBU. As a result, Bridgestone Europe, Russia, Middle East and Africa (BSEMEA) will become Bridgestone Europe, Russia, Middle East, India and Africa (BSEMIA), one of four SBUs globally, alongside Bridgestone China, Asia-Pacific, Bridgestone Americas, and Bridgestone Japan. According to the company, the integration of Bridgestone India into EMEA comes as a result of Bridgestone EMEA’s “ongoing transformation capitalising on the opportunities digitalisation offers to pioneer mobility solutions that meet the needs of customers for convenience, efficiency and sustainability”.
Continue Reading![Tirescanner.com live in 42 US states, multi-million dollar funding close](https://www.tyrepress.com/wp-content/uploads/2019/11/Tirescanner.jpg)
Tirescanner.com live in 42 US states, multi-million dollar funding close
Less than a year after Tirescanner.com was founded, at the start of November, the business reported that it is live in Florida. This means Tirescanner already covers 1200 postcodes codes, matching consumers with products from a range of hundreds of thousands of tyres and – crucially – connecting them with “the best local retailers”. At the moment this works on a next day install, but the plan is to take this to a same-day level. And more states are said to be coming fast. We’re used to pretty rapid progress when it comes to dotcom start-ups, but such fast growth is more understandable when you consider that Tirescanner is driven by Blackcircles.com founder Mike Welch. Tyres & Accessories recently caught up with Welch in order to find out how the company plans to continue and sustain this growth.
Continue Reading![Tianli distributor EATD to sign deal with new investor at Agritechnica](https://www.tyrepress.com/wp-content/uploads/2019/11/Wolfgang-Lüttschwager-1030x682.jpg)
Tianli distributor EATD to sign deal with new investor at Agritechnica
A new investor is coming on board at EATD B.V. The agricultural tyre distributor won’t disclose the identity of this new investor until a letter of intent is signed at next week’s Agritechnica show in Germany. EATD nevertheless shares its anticipation that the new investor partnership, agreed upon following extensive negotiations, will lead to a “clear course of growth for the company and the Tianli brand”.
Continue Reading![Hankook Tire: Operating profit lower in Q3 2019](https://www.tyrepress.com/wp-content/uploads/2019/11/Hankook-Q3-2019.jpg)
Hankook Tire: Operating profit lower in Q3 2019
Hankook Tire has reported consolidated global sales of KRW 1,833.2 trillion (£1.2 billion) for Q3 2019, a 4.4 per cent increase compared with the third quarter of last year. EBITDA declined 3.2 per cent to KRW 333 billion (£223.0 million), with the margin decreasing 1.4 percentage points to 18.2 per cent. Operating profit amounted to […]
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