TyresOnTheDrive: Private motorists warming to mobile tyre fitting
According to TyresOnTheDrive, mobile fitting is the fastest growing sector of the replacement tyre industry. The Cheshire-based business comments that demand has more than doubled in the past four years as motorists opt to have a technician come to them rather than having to take their car to a high street outlet.
Continue Reading![Hankook Tire: Together with Europa League until 2020-21](https://www.tyrepress.com/wp-content/uploads/2018/05/hankook-europa-league-sml.jpg)
Hankook Tire: Together with Europa League until 2020-21
In a few hours’ time Marseille will square up against Atletico Madrid in this season’s Europa League final, with the Spanish side given short odds to be holding the trophy high at the close of play. Hankook Tire is present in Lyon as sponsor and announced today its commitment to take part in the excitement for a further three years: The tyre maker’s UEFA Europa League support has been extended until the end of the 2020-21 season.
Continue Reading![IAAF supports coalition’s call for EU Commission digitalisation opportunities action](https://www.tyrepress.com/wp-content/uploads/2018/05/Wendy-Williamson.jpg)
IAAF supports coalition’s call for EU Commission digitalisation opportunities action
The Independent Automotive Aftermarket Federation (IAAF) has lent its voice to a broad industry coalition, including automotive industry and mobility services operators, insurers, motorist consumers and SMEs, calling upon the EU Commission for fair and equal access to in-vehicle data and resources.
Continue Reading![Automechanika Birmingham announces Garage of the Year shortlist](https://www.tyrepress.com/wp-content/uploads/2018/05/workshop-background-mechanic-montage.jpg)
Automechanika Birmingham announces Garage of the Year shortlist
Automechanika Birmingham has revealed the shortlist for its Garage of the Year 2018 award, in partnership with Garage Wire, featuring some of the UK’s top independent garages all vying to win the prestigious accolade.
Continue Reading![Hankook Tire acquires majority stake in Model Solution](https://www.tyrepress.com/wp-content/uploads/2018/05/hankook-model-solutions.jpg)
Hankook Tire acquires majority stake in Model Solution
By acquiring a 75 per cent equity stake in high-tech digital prototype company ‘Model Solution Ltd.’, Hankook Tire hopes to benefit from synergies gained by combining the company’s know-how with that of its affiliate, super-size mould equipment company M&K Technology. The tyre maker paid KRW 68.6 billion (£47.3 million) for the stake.
Continue Reading![Uniwheels business boosts Q1 2018 sales, profit at Superior Industries International](https://www.tyrepress.com/wp-content/uploads/2018/05/superior-logo.jpg)
Uniwheels business boosts Q1 2018 sales, profit at Superior Industries International
Aluminium wheel manufacturer Superior Industries International, Inc. reports shipping 5.5 million units in the first quarter of 2018, a 94.8 per cent increase compared with the first three months of last year. This sizeable improvement was primarily due to the inclusion of the company’s European operation in this year’s results but was also driven by higher unit shipments in North America.
Continue Reading![Movin’On programme, full speaker list announced](https://www.tyrepress.com/wp-content/uploads/2018/05/MovinOn_for_Media_Site_Banner.jpg)
Movin’On programme, full speaker list announced
Michelin has announced the full programme for this year’s Movin’On sustainable mobility summit. More than 90 influencers, inventors, government representatives and opinion leaders will take to the stage at the three-day event in Montreal, which begins on 30 May. The event programme can be read here, while the full list of speakers is available here.
Continue Reading![Chelsea FC launches 2018/19 home kit, with Yokohama returning as shirt sponsor](https://www.tyrepress.com/wp-content/uploads/2018/05/Chelsea_home_18_19_kit_HR.jpg)
Chelsea FC launches 2018/19 home kit, with Yokohama returning as shirt sponsor
Yokohama’s logo will continue to appear on Chelsea FC’s home shirt in the 2018/19 season. The club launched its 2018/19 home kit, which will be worn by the first team and both the Chelsea Academy and Ladies teams throughout the 2018/19 season.
Continue Reading![Pirelli tops PS hypersport tyre test](https://www.tyrepress.com/wp-content/uploads/2018/05/ps-tyre-test-2018-2.jpg)
Pirelli tops PS hypersport tyre test
When presented late last year, the Diablo Rosso Corsa II was hailed as Pirellis “first tri-compound motorcycle tyre” for the road, a product developed using technology directly taken from the FIM World Superbike Championship. This provenance and compounding wizardly has now been scrutinised by German motorcycling magazine PS. The publication’s test team liked what they found.
Continue ReadingTax bill: Nokian Tyres wins appeal
A decision has been made on the 89.2 million euros that Nokian Tyres was ordered to pay in additional taxes and punitive tax increases for the 2007 to 2010 tax years. Finland’s Administrative Court has entirely overturned the tax reassessment decisions made by the country’s Board of Adjustment and has additionally ordered the Tax Administration to pay Nokian Tyres 40,000 euros in legal costs.
Continue ReadingBridgestone: Operating profit down 3.1% in Q1 2018
Although its sales rose 0.9 per cent to 859.8 billion yen (£5.8 billion) in the first quarter of 2018, Bridgestone Corporation experienced a 3.1 per cent decline in operating income, to 99.8 billion yen (£673.5 million). The company attributes this to raw material costs and higher selling, general and administrative costs. The operating margin shrank half a percentage point to 11.6 per cent. Ordinary income amounted to 92.7 billion yen (£625.6 million) and profit attributable to owners of parent was 63.4 billion yen (£427.9 million).
Continue Reading![Investor Day: Cooper Tires outlines strategies](https://www.tyrepress.com/wp-content/uploads/2018/05/cooper-investment-day.jpg)
Investor Day: Cooper Tires outlines strategies
At its Investor Day in New York last Friday, Cooper Tire & Rubber Company outlined strategies for continued shareholder value creation. Management detailed plans to support five-year mid-term targets for operating profit of ten per cent to 14 per cent as well as annual unit volume growth in the low- to mid-single digits and return on invested capital of 14 per cent to 16 per cent.
Continue Reading![Strong partnership: Hankook gains GM Supplier of the Year award](https://www.tyrepress.com/wp-content/uploads/2018/05/hankook-gm-award.jpg)
Strong partnership: Hankook gains GM Supplier of the Year award
Hankook Tire is once again a GM Supplier of the Year awardee. General Motors honoured the tyre maker as one of its 132 best suppliers at a ceremony held on 20 April. This is the second consecutive year Hankook has received the award.
Continue ReadingApollo Tyres looking for ‘healthy topline growth’ after 22% sales increase in FY 2017-18
During the final quarter of its 2017-18 financial year, net sales at Apollo Tyres rose 22 per cent year-on-year to Rs 39.82 billion (£437.3 million). Operating profit increased 33 per cent to Rs 5.59 billion (£61.4 million), while net profit in the three months to 31 March 2018 was up ten per cent to Rs 2.50 billion (£27.5 million).
Continue Reading![Davanti displays expanded range, including new A/T tyre at Automechanika Dubai](https://www.tyrepress.com/wp-content/uploads/2018/05/Automechanika-Dubai-Davanti.jpg)
Davanti displays expanded range, including new A/T tyre at Automechanika Dubai
Davanti has exhibited its extended range of tyres at Automechanika Dubai, reporting positive reactions to its expansion strategy across Europe and Asia. The brand included its recently launched all-terrain tyre, the Terratoura, explaining that a full range of tyres is a prerequisite for building Davanti’s profile in new markets. The company also mentioned the value of Gulf Cooperation Council (GCC) accreditation in the Middle East – a measure Davanti has taken with its whole range, where competitors have chosen to accredit only the most popular sizes.
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