![Position in fleet segment “never been stronger” – Apollo Vredestein wins CCH contract](https://www.tyrepress.com/wp-content/uploads/2018/01/Vredestein-CCH.jpeg)
Position in fleet segment “never been stronger” – Apollo Vredestein wins CCH contract
Following its entry into the UK fleet market last year with through deals with several medium-sized operators, Apollo Vredestein has landed its first fleet agreement for 2018 with Heathrow-based aviation logistics specialist CCH Logistics. The yearly contract will include the replacement of all CCH vehicle tyres, which are currently “other OE and replacement premium brands,” with Vredestein products. Tyrepress.com understands that tyre fitting and maintenance will be carried out by local firm Tomato Tyres.
Continue Reading![Hella produces its 20 millionth Electrical Power Steering ECU](https://www.tyrepress.com/wp-content/uploads/2018/01/Electronic_Control_Unit.jpg)
Hella produces its 20 millionth Electrical Power Steering ECU
Ever-stricter regulations for reducing CO2 emissions require fuel-efficient products, whilst autonomous driving demands reliable and precise steering systems. Lighting and electronics expert Hella produces electronic control units (ECU) for electrical power steering (EPS) to support and promote these objectives, as they allow needs-based steering assistance, by means of an electronically controlled electric motor, which saves energy and aids control. Since production started in 2010, 20 million units have now rolled off the assembly line.
Continue ReadingApollo Tyres one of ‘best workplaces in manufacturing’
Great Place to Work Institute has identified Apollo Tyres, India’s leading tyre maker, as one of India’s Best Workplaces in Manufacturing – 2018. The company is ranked among the top 10 workplaces in the manufacturing segment in India. Apollo Tyres has been rated highly for its transparency in performance management process, especially the variable pay, and the employee development programmes.
Continue ReadingFineLine Technologies acquires Ferm RFID Solutions B.V.
FineLine Technologies has acquired Ferm RFID Solutions B.V., a Netherlands-based provider of RFID solutions for the automotive and aviation tyre industry. As part of FineLine’s strategy to meet the unique item identification needs of today’s global supply chains, this acquisition enables the business to offer a complete range of barcode and RFID enabled tyre labelling solutions to the automotive and aviation industries.
Continue Reading![Universal buys three Tyrework branches from KRT](https://www.tyrepress.com/wp-content/uploads/2016/08/Greenwich.jpg)
Universal buys three Tyrework branches from KRT
Universal Tyres recently bought three Tyrework tyre retail branches from Kings Road Tyre Group (KRT). The branches based in Heathrow, Gatwick and Aylesford, were officially acquired on 6 January 2018 and bring the total number of Universal retail centres to 18 points of sale.
Continue ReadingRubberVulk named exclusive Vipal distributor for Portugal
Vipal rubber announces that RubberVulk, distributor of the Vipal range of retreading and tyre repair products in Spain, will now also serve as its exclusive distributor in Portugal. RubberVulk will supply the Portuguese market with a range of more than 3,000 products both directly and via online orders.
Continue ReadingPirelli concludes 600 million euro bond issue
Pirelli & C. S.p.A. reports that it yesterday launched and successfully concluded the placement of a 600 million euro bond loan. Placed with international institutional investors, the unrated bond loan has a five-year duration at a fixed rate. The tyre maker reports that at closing, the loan received total orders of 2.4 billion euros from approximately 280 international investors.
Continue Reading![Falken presenting partner to this year’s Audi Nines](https://www.tyrepress.com/wp-content/uploads/2018/01/falken-audi-nines-sml.jpg)
Falken presenting partner to this year’s Audi Nines
This year, the Falken tyre brand will serve as presenting partner for the Audi Nines, an annual invitational for some of the world’s best Skicross and Snowboardcross athletes. In 2018, the event comes to Sölden, Austria for the first time and will be held on 14 April.
Continue ReadingMichelin previews Acorus in Detroit
Michelin previewed the Maxion Flexible Wheel with its Acorus technology for the first time in North America at the North American International Auto Show (NAIAS) in Detroit (13 – 29 January).
Continue ReadingKumho Tire creditors renew hunt for new owner
Creditors holding a 42.01 per cent share in Kumho Tire are going to look for a new owner – again. Some four months after Qingdao Doublestar Tires planned acquisition of the South Korean tyre maker collapsed, the Korea Development Bank (KDB) and the other creditors are said to be once more looking for an external investor.
Continue ReadingGoodyear applying its artificial intelligence technology to on-demand mobility
In 2016, Goodyear Europe launched its Proactive Solutions in the UK and 11 other European markets, offering fleets a predictive maintenance model. Goodyear’s know-how in the realm of artificial intelligence is now being put to use in the on-demand car sharing and ride hailing services sector in the USA; Goodyear Tire & Rubber has announced its participation in a pilot programme with start-up firm Stratim.
Continue Reading![Continental split may begin this year – Manager Magazin](https://www.tyrepress.com/wp-content/uploads/2018/01/reitzle-degenhart-continental-sml.jpg)
Continental split may begin this year – Manager Magazin
We may see a breakup of Continental AG commencing before the end of this year. German business publication Manager Magazin writes that Wolfgang Reitzle, chairman of the tyre maker and automotive technology company’s Supervisory Board, foresees the first subsidiary to emerge from this breakup being listed on the stock exchange some time in 2018. He sees this as being the direction Continental will clearly take, even though to-date neither the Supervisory Board nor the Executive Board has decided upon a concrete course of action.
Continue Reading![Prometeon/Aeolus integration stalls](https://www.tyrepress.com/wp-content/uploads/2017/06/prometeon-stand-atp17.jpg)
Prometeon/Aeolus integration stalls
The integration of Prometeon Tyre Group (the former Pirelli Industrial business) and Aeolus Tyre Co. Ltd has stalled after Aeolus’ pending acquisition of a 90 per cent stake in Prometeon failed to gain overseas acquisition approval from Chinese authorities before the 31 December 2017 deadline.
Continue ReadingGoodyear announces US$0.14 quarterly dividend
Directors of The Goodyear Tire & Rubber Company have declared a quarterly dividend of US$0.14 per share of common stock. The dividend is payable 1 March 2018 to shareholders of record on 1 February 2018. The payout represents an annual rate of US$0.56 per share.
Continue Reading![Farnese Pneumatici to distribute Triangle tyres in Italy](https://www.tyrepress.com/wp-content/uploads/2018/01/triangle-farnese.jpg)
Farnese Pneumatici to distribute Triangle tyres in Italy
Triangle Tire Europe and Farnese Pneumatici have signed an agreement for the distribution of Triangle brand car, SUV, 4x4, and light commercial tyres in the Italian market. The deal signals the continuation of Triangle’s European strategy, following recent distribution agreements in France, Russia, and other European markets.
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