![Intelligent tyres: Tire Society details 42nd annual conference papers](https://www.tyrepress.com/wp-content/uploads/2023/08/Tire-Society-2023.png)
Intelligent tyres: Tire Society details 42nd annual conference papers
The Tire Society has published the details of presentations scheduled for its 42nd Annual Conference (12-13 September 2023, at the University of Akron, Ohio). In addition to in-person attendance, benefitting from live Q&A, sponsor exhibits and a student poster session, registrants can access the presentations after the Conference via a “play-on-demand” feature. Registration includes Tire Society Membership, which gives access to the critically reviewed Tire Science and Technology Journal.
Continue Reading![Boeing, Michelin extend global distribution arrangement](https://www.tyrepress.com/wp-content/uploads/2023/08/Air_X_Sky_Light_4.jpg)
Boeing, Michelin extend global distribution arrangement
Michelin North America, Inc. and Boeing have signed a renewal of the two parties’ authorised distribution agreement, extending the current agreement through December 2028. The agreement reaffirms Boeing Distribution as a global distributor for Michelin’s full line of cross-ply and radial aviation tyres, as well as tubes for the business, commercial, regional, military and general aviation markets.
Continue Reading![High inventories in Q2 2023 drive down Titan International’s volumes](https://www.tyrepress.com/wp-content/uploads/2023/08/Titan-Goodyear-sml.jpg)
High inventories in Q2 2023 drive down Titan International’s volumes
The decline in net sales and income that Titan International, Inc. experienced in the first quarter of the year has continued in the second, with all operating segments reporting year-on-year decreases. Company president and chief executive officer Paul Reitz is nonetheless “very pleased” with these Q2 2023 results.
Continue Reading![Tronchetti Provera & Casaluci confirmed in Pirelli leadership roles](https://www.tyrepress.com/wp-content/uploads/2023/08/Pirelli-MTP-AC-light.jpg)
Tronchetti Provera & Casaluci confirmed in Pirelli leadership roles
The Pirelli & C. SpA Board of Directors that was nominated on 31 July met for the first time yesterday. During this meeting, board members nominated Marco Tronchetti Provera to the position of Executive Vice Chairman and Andrea Casaluci as Chief Executive Officer.
Continue Reading![Micheldever Group moving to new warehouse in Bellshill, Scotland to aid expansion](https://www.tyrepress.com/wp-content/uploads/2023/08/Connect-70-Aerial.jpg)
Micheldever Group moving to new warehouse in Bellshill, Scotland to aid expansion
Major UK tyre wholesaler Micheldever Group has signed a pre-let agreement to lease the new Connect-70 warehouse in the Bellshill, Scotland. Under the terms of the lease, the company, part of Sumitomo Rubber Industries, will occupy the state-of-the-art logistics development for 15 years once practical completion is reached in January 2024.
Continue Reading![Goodyear share price down 20% after Q2 results](https://www.tyrepress.com/wp-content/uploads/2023/08/GY-share-price.png)
Goodyear share price down 20% after Q2 results
The Goodyear Tire & Rubber Company’s fell share price fell 20 per cent when markets opened on 3 August 2023. The sharp fall to around $12.30 represents the lowest point since investor Elliott called for largescale strategic and board composition changes on 11 May 2023. At the time of going to press, Goodyear’s share price was showing signs of recovery and trading at around $13.15.
Continue Reading![Yokohama OHT suffered cyber attack in June – reports](https://www.tyrepress.com/wp-content/uploads/2021/05/transport-city-cyber-1.jpg)
Yokohama OHT suffered cyber attack in June – reports
At the end of June, at least some of Yokohama OHT’s computer systems were attacked the Akira Ransomware Group. According to reports by two online media sources, the Akira group launched its cyber attack on Yokohama OHT on 21 June 2023.
Continue Reading![Goodyear reports $208 million overall net loss in Q2 2023](https://www.tyrepress.com/wp-content/uploads/2023/08/qtr2_2023_goodyear_investor_letter.pdf.coredownload.png)
Goodyear reports $208 million overall net loss in Q2 2023
The Goodyear Tire & Rubber Company has reported a second quarter 2023 net loss of $208 million compared to net income of $166 million a year ago. According to executives, the sharp drop was primarily due to lower sales volume and higher “other expense”, driven by lower net gains on asset sales and higher pension costs.
Continue Reading![Artisanship alive & well in tyre development](https://www.tyrepress.com/wp-content/uploads/2023/08/tyre-carving-sml.jpg)
Artisanship alive & well in tyre development
Creating a tyre tread by hand may seem old fashioned, but even the largest manufacturers rely upon skilled carvers when developing new patterns. We visited Continental in Germany to see how this is done and to learn why automation hasn’t consigned carving to the history books.
Continue Reading![Goodyear EMEA lost $19 million in Q2 2023](https://www.tyrepress.com/wp-content/uploads/2023/08/GY-EMEA-q2-loss.png)
Goodyear EMEA lost $19 million in Q2 2023
Goodyear lost $19 million in the EMEA region in the second quarter of 2023, with segment operating income down $71 million or 136.5 per cent compared with the $52 million operating income achieved at the same point in 2022.
Continue Reading![From near bankruptcy to $3 billion](https://www.tyrepress.com/wp-content/uploads/2023/08/Onkar-Kanwar-sml.jpg)
From near bankruptcy to $3 billion
Success isnt always about greatness – it’s about consistency. Consistent hard work leads to success. Greatness will come. With these words, Onkar Kanwar opened his company’s 50th Annual General Meeting, singling out consistency as Apollo Tyres Ltd.’s mantra and a quality that in 2022 helped the tyre maker achieve annual revenues in excess of US$3 billion for the first time.
Continue Reading![Falken manufacturer exploring tyre recycling tech](https://www.tyrepress.com/wp-content/uploads/2023/08/SRI-recycling.jpg)
Falken manufacturer exploring tyre recycling tech
Sumitomo Rubber Group sold 110 million tyres worldwide in 2022 and is well aware of the importance that these products be recycled at the end of their working lives. For this reason, three group companies are collaborating to explore new recycling technologies.
Continue Reading![Bridgestone partners Gameloft on Lamborghini Revuelto eSports Challenge](https://www.tyrepress.com/wp-content/uploads/2023/08/AS9_Lamborghini_Esports_Qualifier1_SNS_SQ_1080x1080.png)
Bridgestone partners Gameloft on Lamborghini Revuelto eSports Challenge
Bridgestone Potenza Sport tyres will be available for fitment on the virtual Lamborghini Revuelto alongside the manufacturer’s original equipment supply deal with the Italian supercar marque for the real-life version of the car. The first V12 hybrid plug-in HPEV super sport car rolls on the Potenza Sport in Asphalt 9: Legends, the latest game in Gameloft’s billion-downloaded arcade racing franchise, kicking off a new official eSports competition, the Lamborghini Revuelto eSports Challenge. The competition will be open to iOS, Android, Xbox, and PC players, who will compete in the Lamborghini Revuelto, unveiled in March 2023. This collaboration puts the Bridgestone brand in front of the Asphalt audience, with players able to enjoy its exclusive Bridgestone livery in game exclusively by entering the challenge.
Continue Reading![Ceat boosting TBR capacity to meet international growth ahead of US launch](https://www.tyrepress.com/wp-content/uploads/2023/08/ceat-truck.jpg)
Ceat boosting TBR capacity to meet international growth ahead of US launch
In January 2022, Ceat announced it had “curbed” its ambition in the truck and bus radial segment and was looking to shift its investment focus to off-highway tyres. The company now appears to have reconsidered this step and is reactivating previously approved TBR capacity expansion plans.
Continue Reading![SBTi approval for Hankook Tire’s GHG target](https://www.tyrepress.com/wp-content/uploads/2023/08/Hankook-placeholder-1.jpg)
SBTi approval for Hankook Tire’s GHG target
The Science Based Targets initiative (SBTi) has approved Hankook Tire & Technology’s near-term 2030 greenhouse gas (GHG) reduction goals and target of achieving net-zero by 2050. The tyre maker says this approval will help it “gain momentum in the realisation of its 2050 Carbon Neutrality Roadmap.”
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