Pirelli recalls over 3000 motorbike tyres in America
In the USA, Pirelli has recalled 3100 Pirelli and Metzeler-branded motorbike tyres due to manufacturing issue that could result in tread separation. 100 per cent of the 150/70 R18 M/C 70V Metzeler Tourance Next; 150/70 R18 M/C 70V Metzeler Tourance Next II; 150/70 R18 M/C 70W Metzeler Tourance Next II; and 150/70 R18 M/C 70V Pirelli Scorpion Trail II tyres produced between a total production period that covers a maximum range of 30 November 2016 to 11 June 2024 are said to be affected.
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Hunter Engineering integrates Skaivision AI into Quick Check Drive
US-based automotive service equipment firm Hunter Engineering is partnering with AI computer vision specialist Skaivision to integrate AI technology into Hunter’s Quick Check Drive inspection equipment. By using Skaivision technology, the Quick Check Drive unit’s cameras will gain the ability to identify number plates as vehicles enter the service lane. The plate number is then automatically matched to customer records, starting the clock to track service cycle times accurately.
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“Highest revenue” – Ceat announces Q2 FY24-24 financial results
Indian tyre maker Ceat Limited has announced its unaudited results for the second quarter of its 2024-25 financial year, which ended on 30 September 2024. On a consolidated basis, the Company’s revenue closed at Rs 33.30 billion (£304.78 million), EBITDA margin stood at 11.1 per cent, a contraction of 102 bps vs Q1 FY24-25. Net profit stood at Rs 1.21 billion (£11.19 million).
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Linglong Tire gains 5th consecutive SSE ‘A’ rating
The Shanghai Stock Exchange (SSE) has awarded Linglong Tire an ‘A’ rating for information disclosure for the fifth consecutive year. The SSE’s rating system, ranging from A to D, evaluates listed companies based on the quality, accuracy, and timeliness of their information disclosure. An A rating highlights Linglong’s commitment to transparency, regulatory compliance, and strong corporate governance.
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ETRMA – Europe should prioritise access to in-vehicle data legislation
Last week, the Coalition of Independent Service Providers (ISP) wrote to European Commission President Ursula von der Leyen, urging her to prioritise the already-prepared proposal for a legislation on access to in-vehicle data as part of her first 100-day plan. As part of ISP, the European Tyre and Rubber Manufacturers Association (ETRMA) states that it “strongly agrees” on the importance of ensuring fair competition in the automotive and mobility services markets, emphasising the need for sector-specific regulation to complement the Data Act.
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Continental names Vedanayagam as head of marketing, Americas
Continental Tire the Americas has appointed Ashok Vedanayagam as head of marketing for Passenger and Truck Tires for the region covering North and South America. In this role, Vedanayagam is responsible for a broad portfolio including product management, marketing communications, public relations, e-business, market intelligence, pricing, and strategic planning for the Americas.
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Titan launches VPO technology
Titan International and the recently acquired Carlstar Group have introduced Variable Pressure Operation (VPO) Technology, a flat-proof technology that, according to Titan, offers a versatile solution as an alternative to tweel wheels and other airless polyurethane spoke wheel options, by providing the ability to effectively operate machinery at various inflation pressures – even down to zero psi. The tyre maker is presenting VPO for the first time at Equip Exposition, which is taking place in Louisville, USA between 15 and 18 October.
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Sailun Group anticipates major rise in profit
In a stock exchange submission dated 11 October 2024, Sailun Group Co., Ltd. shares its estimation that net profit attributable to shareholders of the listed company for the first three quarters of 2024 will range between RMB 32.10 billion and RMB 32.80 billion (£3.47 billion and £3.55 billion), a year-on-year increase of 58.52 per cent to 61.98 per cent compared with the same period of last year.
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Redundancies for BBS Autotechnik workforce
Approximately 220 employees of wheel maker BBS Autotechnik in Germany received their redundancy notices in the post yesterday. The redundancies apply to all workers save for a team of 16 who will continue to work to wind up the firm. Insolvency administrator Dr Dirk Pehl previously announced that needed to make all but a few employees redundant, but notifications couldnt be sent out until various agreements between the employer and the BBS works council were approved and notification of large-scale redundancies submitted to Germany’s state employment agency (Agentur für Arbeit).
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Hankook Tire joins GDSO
Effective July 2024, Hankook Tire & Technology is a full member of the Global Data Service Organisation for Tyres and Automotive Components (GDSO). The association welcomes the Korean tyre maker as a “strong partner that is committed to digitalisation and sustainability in the sector.
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Nexen tyres OE for Dodge Charger & Challenger
Another original equipment approval for Nexen Tire, this time in North America. Both the petrol and electric versions of the all-new Dodge Charger and Challenger muscle cars will wear all-season Nexen NFera AU7 tyres. Announcing the arrangement, Nexen Tire’s Global CEO, Travis King said: “Supplying OE tyres for such iconic vehicles in American automotive history is a remarkable achievement. We will continue to enhance our brand value by expanding OE tyre supply for premium vehicles through ongoing R&D and quality improvement efforts.”
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Further growth for CTS
Earlier this year, independent Swedish tyre distributor and service firm Colmec and Finland’s Lapin Kumi joined forces to create a new tyre services group – Circular Tire Services, or CTS. Other businesses soon joined, including Swedish tyre retailers Gummicentralen Säffle, Ingers Däck and Däckhuset i Norrland. Now Nödinge Däckservice has thrown its hat into the CTS ring.
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Yokohama tyres OE on Mazda, Honda
Yokohama Rubber has announced two further original equipment supply agreements for international markets. These OE deals involve models from the Yokohama Advan and BluEarth ranges.
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Doublestar may officially become Kumho’s controlling shareholder
Doublestar’s board of directors has approved a transaction plan to control Kumho. Specifically, the company plans to purchase assets by issuing shares and paying cash and ultimately achieve the goal of indirectly holding 45 per cent of Kumho’s shares and becoming Kumho’s controlling shareholder. Prior to this, Doublestar’s controlling shareholder, Doublestar Group, and several other Chinese companies jointly held this part of the equity. In other words, Doublestar can officially manage Kumho’s operations after this transaction.
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Thai government approves US$400 million investment in Continental tyre plant
The Thailand Board of Investment (BOI) has approved an additional US$400 million investment by Continental Tyres (Thailand) Co. Ltd. in the firm’s Rayong production base. According to BOI, the funds are for the expansion of tyre production in the country, boosting output to 7.8 million tyres per year. Of course, BOI officials also noted that such an investment consolidates “Thailands status as the World’s second largest tyre production base”.
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