![Liqui Moly: record turnover, but lower growth](https://www.tyrepress.com/wp-content/uploads/2019/01/web-Ernst_Prost_Office_12_2018.jpg)
Liqui Moly: record turnover, but lower growth
During its first year as part of the Würth Group Liqui Moly has chalked up a new record turnover, but growth has been more subdued than previously. The German oil and additive specialist recorded a turnover of 544 million euros, just two per cent more than the previous year. “International trade disputes, the hot summer and increasing costs, especially the dramatically increased crude oil prices, have all contributed to the significant slowing down of our earnings growth,” says Ernst Prost, Liqui Moly CEO.
Continue Reading![Yokohama Rubber to exhibit ‘hobby tyres’, wheels at Tokyo Auto Salon 2019](https://www.tyrepress.com/wp-content/uploads/2019/01/yoko-tokyo-booth.jpg)
Yokohama Rubber to exhibit ‘hobby tyres’, wheels at Tokyo Auto Salon 2019
Yokohama Rubber will participate in the Tokyo Auto Salon 2019 between 11 and 13 January at Makuhari Messe. The company will showcase its tyre and aluminium wheel products. Yokohama adds that it will have a special focus on its “hobby tyres” – those for motorsport or classic car applications. The booth will also introduce its motorsport activities, which it states make important contributions to its technology development for consumer tyres.
Continue ReadingEuro Car Parts announces leadership changes
The ECP Group has appointed Andy Hamilton as CEO, replacing Martin Gray who has decided to leave the company to pursue other interests. Hamilton joined Euro Car Parts in 2010 and held several different roles within the company, the last of which was chief operating officer.
Continue Reading![Goodyear extends Transaid support](https://www.tyrepress.com/wp-content/uploads/2019/01/336-01-Transaid-Goodyear.jpg)
Goodyear extends Transaid support
Goodyear has renewed its corporate membership of international development organisation Transaid for a further year. Transaid’s life-saving projects in sub-Saharan Africa, with its financial contribution providing essential unrestricted funding towards the testing and implementation of new programmes aimed at improving road safety and access to healthcare. Goodyear originally pledged its support in 2015.
Continue Reading![FinTyre buys RS Exclusiv Reifengrosshandel and TyreXpert Reifen + Autoservice](https://www.tyrepress.com/wp-content/uploads/2018/12/Xpert.jpg)
FinTyre buys RS Exclusiv Reifengrosshandel and TyreXpert Reifen + Autoservice
European FinTyre Distribution (EfTD) has signed a binding agreement to acquire two key players in the German tyre market: RS Exclusiv Reifengrosshandel GmbH and TyreXpert Reifen + Autoservice GmbH. As a result of the acquisition EfTD now has a total turnover of 740 million euros in Germany and project annual unit sales of 8.5 million tyres.
Continue Reading![Schrader Performance Sensors to launch motorcycle TPMS sensors at AutoZum](https://www.tyrepress.com/wp-content/uploads/2018/12/Schrader_Motorcycle_Core_visual_TPMS.jpg)
Schrader Performance Sensors to launch motorcycle TPMS sensors at AutoZum
Schrader Performance Sensors, the automotive aftermarket brand of Sensata Technologies, will launch two new motorcycle TPMS OE replacement sensors into the aftermarket at AutoZum in Salzburg, Austria (16-19 January 2019). Schrader will participate in the show with an updated product portfolio on its 50sqm booth in Hall 10 (stand 0706).
Continue Reading![Apollo Vredestein sponsors FTA’s ‘very best’ of British innovation](https://www.tyrepress.com/wp-content/uploads/2018/12/karl-naylor-apollo-v-fta-award.jpg)
Apollo Vredestein sponsors FTA’s ‘very best’ of British innovation
Apollo Vredestein was a key sponsor at the second annual FTA Logistics Awards 2018. At the event, which took place at The Royal Lancaster Hotel, London, Apollo Vredestein celebrated endeavours and leadership, as well as the vital role played by logistics and innovation in the sector, by sponsoring the Most Innovative Product of the Year award.
Continue Reading![Pirelli, Porsche Club of America renew agreement for 3 more years](https://www.tyrepress.com/wp-content/uploads/2018/12/2018-PCA_MMC.jpg)
Pirelli, Porsche Club of America renew agreement for 3 more years
Pirelli will continue and enhance its support of Porsche Club of America over the next three years, having renewed its agreement with the world’s largest organisation for the brand’s enthusiasts. The club, which has more than 130,000 members in 145 North American regions, cited Pirelli’s status as an original equipment supplier to Porsche as a major component of its decision to continue the agreement.
Continue Reading![Tamworth motorsport, high performance brakes firm secures £3m finance](https://www.tyrepress.com/wp-content/uploads/2018/12/web-Alcon-Components.jpg)
Tamworth motorsport, high performance brakes firm secures £3m finance
A Tamworth based manufacturer of high-performance brake components for the motorsport and performance vehicle market has secured a £3 million finance package from HSBC UK to fund new state-of-the-art machinery to boost production. Alcon has used the funding to purchase five Computer Numerical Control (CNC) machines as well as a noise, vibration and harshness (NVH) dynamometer.
Continue ReadingSigmavision funding worth £1 million
Following the news that TreadReader developer and manufacturer Sigmavision has gained venture capital backing for its future development, further details about the funding have emerged.
Continue ReadingHalfords calls 2 January ‘Flat Battery Wednesday’
Halfords has called 2 January 2019 “Flat Battery Wednesday”, as a result of many cars standing unused over the festive period. The retailer’s research finds 25 per cent of motorists have never checked their car battery, despite the recommendation of regular checks, while 30 per cent last checked theirs three months ago or longer.
Continue Reading![Sigmavision wins venture capital from Mercia Fund Managers consortium](https://www.tyrepress.com/wp-content/uploads/2018/12/sigmavision.jpg)
Sigmavision wins venture capital from Mercia Fund Managers consortium
Sigmavision Ltd has announced that it has gained a major financial investment, which the company says will be used to “further accelerate the company’s rapid growth”. The funding comes from a consortium led by Mercia Fund Managers, which has invested “a significant undisclosed sum”, with the option of “substantial follow-on funding”.
Continue ReadingKumho USA appoints new CEO amidst global reshuffle
Kumho Tire USA has announced that Samuel Choi has succeeded Harry Choi as CEO. According to the company, Harry Choi is stepping down “to pursue new career opportunities” after six years leading Kumho’s US headquarters. Kumho reports that the transition comes as a part of a global shift in key executive management roles geared to positively reinforce the company for the present and future.
Continue ReadingGoodyear Venezuela employees get tyre severance package
Numerous news sources are reporting that, following the closure of Goodyear’s Venezuela factory, ex-employees are being given 10 tyres each as part of their severance payment.
Continue ReadingGoodyear shutters Venezuela factory
Goodyear Tire and Rubber has ceased tyre production Venezuela. In a statement the company said the local economy and US sanctions were behind halting production:
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