Forgeline Motorsports selected as Team Dynamics’ US distributor
The Team Dynamics USA has closed its California office and appointed Forgeline Motorsports in Dayton, Ohio as its American distributor.
Continue ReadingTitan International to pay half cent dividend for Q4 2017
The Board of Directors of Titan International, Inc. has approved a quarterly cash dividend of US$.005 (one half cent) per common share for the fourth quarter of 2017. The cash dividend is payable Tuesday 16 January 2018 to stockholders of record on Friday 29 December 2017.
Continue ReadingMichelin guide coming to Guangzhou
Following on from its release of a publication for Shanghai last year, Michelin has announced it will extend Michelin Guide coverage to a further city in China. A Michelin guide for Guangzhou will be available in 2018, and Michelin says it will allow everyone - locals, tourists, and business travellers alike - to benefit from the inspectors recommendations whatever their desires, tastes and budgets may be. The guide for Guangzhou will be the world’s 31st Michelin guide selection and the seventh in Asia, excluding Japan.
Continue ReadingLayoffs at Cooper Tire in North America
Cooper Tire & Rubber reports that it has laid off around 80 salaried employees in North America. Approximately 60 of these were located at the company’s Findlay site, and the remainder in Texarkana and Tupelo. According to a statement issued by the tyre maker, these job losses come as part of a reorganisation of certain departments within the company in order to “best position” it for “long-term profitable growth.”
Continue ReadingSuggestion of court receivership -Kumho Tire shares fall 30%
A newspaper report suggesting that Kumho Tire may be placed under a court-led debt restructuring programme prompted an almost 30 per cent drop in the value of shares in the tyre maker yesterday. Reuters writes that, according to an article published by South Korean newspaper Segye Ilbo, main Kumho Tire creditor the Korea Development Bank is considering requesting a pre-packaged restructuring plan. Such a plan may result in Kumho entering into court-administered receivership.
Continue ReadingTRIB goes live with redesigned website
A redesigned version of the TRIB website has been launched. The retreading association’s updated www.retread.org site aims to provide an easy way for visitors to learn about the retreading process. Key features of the redesign include:
Continue ReadingGoodyear & Sandia Labs mark 25 years of tyre design collaboration
A partnership between Goodyear Tire & Rubber and US-based engineering and science body Sandia National Laboratories, forged to improve tyre design, is quarter of a century old this month. Marking the milestone, the tyre maker notes that the joint work has helped reduce product development time and boost efficiency.
Continue ReadingWelcoming the digital evolution – Michelin Auto Professional regional forums
Embracing the ever-evolving digital consumer experience is key to thriving in the tyre retail trade, Michelin’s partner dealers were told at annual regional forums across the UK and Ireland. Guests at the full-day events, held in Windsor, Manchester and Kilkenny, were encouraged to make full use of the tools and advice Michelin provides to develop a slick, engaging and accessible online presence capable of reaching a far wider audience. The forums also highlighted the dedicated end-to-end support that Michelin offers to all partner retailers – giving them the best possible platform upon which to build a solid and loyal customer base.
Continue Reading‘Shark sponsorship’ – Giti Tire and Enki Tan’s passion
Many tyre manufacturers sponsor football teams, but Giti Tire has its own whale shark. This unorthodox sponsorship placement arose from the company’s partnership with Conservation International (CI), a relationship that dates back a number of years and closely entwined with Enki Tan’s passion for environmental conservation.
Continue ReadingThree new HiQ centres open their doors
The HiQ network has grown this month with the addition of three new centres – HiQ Oxford, HiQ Cardiff and HiQ Witney – on 1 December.
Continue ReadingBalancers, changers increase sophistication to match latest workshop needs
Pro-Align’s recent distribution agreement with ADAS diagnostic and calibration tools supplier TEXA shows how garage equipment specialists are adapting to the rapid development of the connected car. Yet the staple equipment remains a vital part of the equation; greater accuracy in the tyre changing and wheel balancing processes can help ensure the full functionality of downstream systems. In addition, Pro-Align tells Tyres & Accessories that balancers and changers are often overlooked in terms of their potential for a workshop’s efficiency and profitability.
Continue ReadingPro-Align, TEXA demystifying ADAS calibration with technical seminar
Pro-Align and TEXA are collaborating to deliver a series of advanced driver assistance systems (ADAS) calibration technical seminar. The first free seminar addresses one of the biggest challenges currently faced by workshops, namely the resetting and calibration of ADAS, giving workshops the knowledge needed to service the growing suite of on-board safety systems. Pro-Align added that booking is now open for 2018 seminars.
Continue ReadingPirelli IPO marks landmark in new ownership structure
If Pirelli’s sale to the ChemChina-led consortium in 2015, along with the legal and integration work in 2016 wasn’t enough, 2017 is proving to have been another complex and busy year for Pirelli. The last 12 months have seen the company pass two key landmarks in its post-acquisition strategy: the separation of the industrial tyre business (including industrial, truck, OTR and agricultural operations) into the new Prometeon Tyre Group in the first part of year; and the successful re-listing of the Pirelli in the autumn. The latest news is that Pirelli’s major shareholder – Marco Polo International - has increased its shareholding in Pirelli following the IPO by exercising a greenshoe option.
Continue ReadingChange at the top for Mai Italia
Having worked for Mai Italia SrL for over 40 years, Renato Mai is retiring as president and CEO of the company. He will assume the post of honorary president; a position created by the shareholders that carries no management duties. Renato Mai will be succeeded as managing director and CEO by Federico Fiorini, who has over 15 years’ experience in the field of speciality tyres.
Continue ReadingGiti Tire gains two MGTS Asia supplier awards
At its inaugural Asia Supplier Award ceremony on 21 November, car accessory sourcing, development and supply specialist MGTS honoured Giti Tire Corporation as ‘Best Spare Parts & Tires Supplier’ and also named it recipient of its ‘Best Corporate Social Responsibility’ accolade. By taking home two of the nine awards given out at the ceremony, Giti Tire notes that it finished “above many other leading global tyre and automotive supply manufacturers.”
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