Financing secured for Apollo Tyres’ Hungary plant
Some 300 million euros in financing have been secured for the factory Apollo Tyres is building in Hungray. This financing comes from a consortium of banks made up of ABN AMRO Bank NV, Magyar Export-Import Bank, Raiffeisen Bank, Standard Chartered Bank and UniCredit Bank Hungary.
Continue Reading![Astronomical salaries – merely paid or actually earned?](https://www.tyrepress.com/wp-content/uploads/2015/08/Kramer1.jpg)
Astronomical salaries – merely paid or actually earned?
The name “Rich” says it all. When people talk about Goodyear CEO Richard Kramer, they often shorten his name – and why not? After all, nobody is ashamed to be Rich in the land of unlimited possibilities, a country where a person (Donald Trump, to be precise) can publicly declare that “I am rich, really rich,” and still be nominated a presidential candidate. Massive wealth is viewed in the USA as a sign of intelligence, skill, seriousness, competence, common sense and all other positive qualities.
Continue Reading![Cooper becomes Dubai International Motor Show official tyre sponsor](https://www.tyrepress.com/wp-content/uploads/2015/08/JeffSchumaker.jpg)
Cooper becomes Dubai International Motor Show official tyre sponsor
Cooper Tire will be the official tyre sponsor of this year’s Dubai International Motor Show. Announced during a visit by the vice president and managing director of Cooper Tire, Europe and the Middle East, Jeff Schumaker, the sponsorship will mark the tyre brand’s first move to increase its presence across the Middle East ahead of a series of new product arrivals over the coming months. The manufacturer has a tangential connection to the region through Arsenal Football Club, for whom it is the Official Tyre; Arsenal’s shirt sponsor is Dubai-based airline, Emirates.
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Maxxis renews ‘beneficial’ Liverpool FC sponsorship
A renewal of Maxxis’ sponsorship contract with Liverpool FC reconfirms “both parties’ belief in their dynamic pairing,” the tyre maker states. The new commercial deal, which continues the six year old partnership with the football club, runs until the end of the 2016/17 season and ensures that Maxxis will continue to be highly visible pitchside at Anfield stadium.
Continue ReadingHankook Korean union votes for strike: reports
Hankook could be the subject of the first strike action in its history after 86.3 per cent of its union members voted for industrial action, newspaper Korea Joongang Daily reports. The vote, with ballots cast by 4,430 out of 4,700 union members between 21 and 23 August, comes after management proposed an annual wage hike of 1 per cent.
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Brake Engineering’s ‘Original Aftermarket’ initiative
Brake Engineering is launching “Original Aftermarket”, an initiative the company says will redefine the supply and fit of braking products in the automotive aftermarket and bring transparency, clarity and quality to an overly complex product sector. Launching in October, the company will introduce a range of services designed to cut-through the trade’s misunderstandings of the braking sector and work to grow a distributor’s sales of the company’s complete range of calipers, discs, drums, hydraulics, pads and shoes.
Continue ReadingJaguar Land Rover to open factory in Slovakia – comment
Ian Fletcher, Principal Analyst with IHS Automotive, offers the following comment on the news that Jaguar Land Rover (JLR) is to open a factory in Slovakia.
Continue Reading![Schmettau & Fuchs partners with Klarius on new emissions product range](https://www.tyrepress.com/wp-content/uploads/2015/08/Klarius044___Schmettau_und_Fuchs___Pic4_PR3242_41067.jpg)
Schmettau & Fuchs partners with Klarius on new emissions product range
Bremen, Germany automotive parts distributor Schmettau & Fuchs has been working with Klarius for the last 12 months to supply its emissions products across the north west of Germany. The German aftermarket’s requirements acknowledge the country’s reputation for high quality automotive production, making it an attractive proposition for the British manufacturer as a supplier of a wide range of high quality exhausts and emissions parts.
Continue Reading![New social media channels launched for Lassa](https://www.tyrepress.com/wp-content/uploads/2015/08/Lassa_Instagram.png)
New social media channels launched for Lassa
Brisa’s Lassa Tyres brand has launched new social media channels to follow its recently refreshed website. The brand now has Twitter and Instagram feeds, as well as a consolidated Facebook profile.
Continue ReadingContinental launching automotive software training scheme
Starting in September, Continental will introduce a new programme that will train “young people who are passionate about IT” to become automotive software developers. According to Ariane Reinhart, the tyre and automotive systems manufacturer’s Executive Board member in charge of human resources, the training programme will be based in Germany and involve close collaboration between Continental’s various divisions.
Continue Reading![Stop the Crash – Continental partners with Global NCAP campaign](https://www.tyrepress.com/wp-content/uploads/2015/08/STC_activities2.jpg)
Stop the Crash – Continental partners with Global NCAP campaign
Tyre maker and automotive systems supplier Continental is to serve as a key partner to a four-year global campaign being rolled out to promote awareness of leading vehicle crash avoidance technologies in major emerging markets. The firm’s Tire and Chassis & Safety divisions are supporting the ‘Stop the Crash’ initiative organised by Global NCAP (Global New Car Assessment Programme), the London-based umbrella body of the NCAP organisations that carry out vehicle safety tests around the world. The company also states it will more closely position its Continental tyre brand to the campaign’s long-term goals.
Continue Reading![Talks with potential UK, European distributors under way, says Bright Technology](https://www.tyrepress.com/wp-content/uploads/2015/08/Bright-Europe-Showroom.jpg)
Talks with potential UK, European distributors under way, says Bright Technology
Bright Technology says the number of sales and distribution partners it has throughout Europe is on the rise. A representative for the Chinese tyre changer and wheel balancer manufacturer, reports that the company is “currently in advanced negotiations with potential distributors in Germany, Italy and the UK.” Bright Technology is also supporting its presence within the region by taking part in trade shows such as Autopromotec.
Continue Reading![Falken Tyre expands European football involvement in 2015/16](https://www.tyrepress.com/wp-content/uploads/2015/08/Falken-Ingolstadt.jpg)
Falken Tyre expands European football involvement in 2015/16
Japanese tyre maker Falken Tyre is intensifying its strategic use of football as a platform for sales and marketing, and for the new season has secured perimeter advertising packages at various clubs playing in the German Bundesliga, Spain’s Primera División, the Italian Serie A and France’s Ligue 1.
Continue Reading![All-new policy?](https://www.tyrepress.com/wp-content/uploads/2015/08/Truck-Tyre-inforgraphic-August-2015-2.png)
All-new policy?
On the one hand, a steadily growing economy and healthily increasing commercial vehicle registrations figures appear to point to a bright future for the UK truck tyre segment. However, on the other hand, the situation is complicated by the increasing imports of low-cost and often un-reported Chinese tyre imports – something that is particularly affecting both current and future retread sales, owing to these products’ lack of retreadability.
Continue Reading![Awards for Hankook’s ‘climate change’ concept tyres](https://www.tyrepress.com/wp-content/uploads/2015/08/hankook-concepts.jpg)
Awards for Hankook’s ‘climate change’ concept tyres
Hankook Tire reports that several concept tyres it developed in collaboration with Germany’s Pforzheim University have landed 2015 Red Dot Design Award and 2015 IDEA (International Design Excellence Award) honours.
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