Kumho delisting from London Stock Exchange
Kumho Tire plans to delist its shares from the London Stock Exchange (LSE) at the end of April 2019, according to South Korean company filings.
Continue ReadingMichelin Selfseal tyres OE on new Ford Explorer
In the USA, Ford Motor is supplying Michelin Selfseal tyres for the new Ford Explorer. The 2020 Explorer is the first SUV to offer Michelin Selfseal tyres, according to Ford.
Continue Reading![GDT tyre-deived oil output ‘already sold’](https://www.tyrepress.com/wp-content/uploads/2019/03/oil-from-recycled-tyres-002.jpg)
GDT tyre-deived oil output ‘already sold’
Australia-based Green Distillation Technologies (GDT) reports that it has already pre-sold all the oil the firm expects to obtain from old tyres recycled in its planned Toowoomba plant. Indeed, GDT reports that the company has already sold its entire oil output from plants in North Queensland and Wagga in Southern New South Wales as well.
Continue Reading![Test World wins Tire Industry Supplier of the Year Award again](https://www.tyrepress.com/wp-content/uploads/2019/03/test-world-tire-technology-international-awards-indoor-tyre-test-facility.jpg)
Test World wins Tire Industry Supplier of the Year Award again
Test World has won the ‘Tire Industry Supplier of the Year’ award at the Tire Technology International Awards for Innovation and Excellence 2019. According to the company, the win recognises continued investment in Test World, with expanded indoor test facilities due to be officially opened during a ceremony on the 27 March.
Continue ReadingIAAF and FIGIEFA evaluating EU Block Exemption Regulation
The IAAF is working in conjunction with FIGIEFA to give input to the EU Commission’s review of the Block Exemption Regulation (BER) (EU) No 461/2010, which is now underway in Brussels.
Continue Reading![Dongfeng & Maxion Wheels form aluminium wheel JV](https://www.tyrepress.com/wp-content/uploads/2019/03/DongfengMaxionWheelsKeyVisual1.jpg)
Dongfeng & Maxion Wheels form aluminium wheel JV
Maxion Wheels, the world’s largest wheel manufacturer, has entered into an agreement to form a new passenger car aluminium wheel joint venture with Dongfeng Motor Parts and Components Group, one of China’s largest automotive parts companies. The new legal entity, Dongfeng Maxion Wheels, will build a new two-million per year capacity plant in Hubei Province, China. Series production is scheduled to begin in the second half of 2020.
Continue Reading![Hankook Tire: Operations in Hungary continuing despite strike](https://www.tyrepress.com/wp-content/uploads/2019/03/Hankook-Logo.jpg)
Hankook Tire: Operations in Hungary continuing despite strike
Yesterday the Federation of Chemical Workers of Hungary (VDSZ) announced the start of an indefinite strike at the Hankook Tire factory in Rácalmás, Hungary. With this measure, the trade union is placing pressure upon the tyre maker to modify the terms of the wage increase it announced for 2019. What then is Hankook Tire offering plant workers, and why doesn’t the VDSZ like it?
Continue Reading![Schaeffler wins international ‘Supplier Of The Year’ award](https://www.tyrepress.com/wp-content/uploads/2019/03/Schaefflers-Nexus-award-Michael-Söding-far-right.jpg)
Schaeffler wins international ‘Supplier Of The Year’ award
Schaeffler has been named Supplier of the Year by Nexus Automotive International, a trading group represented in the UK by The Parts Alliance.
Continue Reading![Nokian Tyres’ US plant on track for 2020 start](https://www.tyrepress.com/wp-content/uploads/2019/03/Dayton-March-2019-sml.jpg)
Nokian Tyres’ US plant on track for 2020 start
Providing an update on its USA factory project, Nokian Tyres reports it is on schedule to begin producing tyres at the Dayton, Tennessee site in 2020. Progress made so far on the facility’s construction, it adds, has been “significant”.
Continue Reading![Pirelli previews F1 opener, 2019 Australian grand prix](https://www.tyrepress.com/wp-content/uploads/2019/03/01-au-preview-en-114997.jpg)
Pirelli previews F1 opener, 2019 Australian grand prix
Pirelli travels to Albert Parks’ “slightly unusual” street circuit for the Formula 1 2019 season curtain-raiser in Melbourne, Australia this weekend. The exclusive tyre supplier nominated its C2, C3, and C4 compounds as the hard, medium, and soft tyres, saying that the track has a more flowing rhythm that also takes in some reasonably quick corners than stop-and-go street circuits, like Monaco or Singapore.
Continue Reading![Infiniti withdrawing from Europe by 2020](https://www.tyrepress.com/wp-content/uploads/2019/03/Infiniti_QX30_P4250842.jpg)
Infiniti withdrawing from Europe by 2020
Infiniti Motor Company has announced a restructuring plan that will result in its withdrawal from Western Europe in early 2020. In practical terms this means production of the Q30 and QX30, which are made at the Nissan plant in Sunderland, UK will cease by mid-2019.
Continue ReadingHankook: Union calls for indefinite strike in Hungary tyre plant
As reported yesterday, wage negotiations between management at Hankook Tire’s factory in Rácalmás, Hungary and the union representing plant workers have reached a stalemate. Today, the Federation of Chemical Workers of Hungary (VDSZ) announced the start of an indefinite strike at the factory.
Continue ReadingHella opens second electronics plant in India
Hella, the global automotive supplier, has opened a second electronics plant in India. The new production facility in Mehsana, India, north of the city of Ahmedabad in the state of Gujarat, will meet the growing demand for electronic components and strengthen proximity to its local customers.
Continue Reading![Brexit OE tyre red-alert](https://www.tyrepress.com/wp-content/uploads/2019/03/brexit-eu-europe-113885.jpg)
Brexit OE tyre red-alert
Is Brexit going to wreak havoc on the automotive business or is it all just another millennium bug flash-in-the-pan? If a no-deal withdrawal does spell havoc, is it going to impact the tyre business as much as the OEMs?
Continue ReadingMoody’s: “Credit negative for automakers” would result in more factory closures
A no-deal Brexit “will change operating landscape for global auto industry”, according to credit analysts at Moody’s. Specifically they report that they expect Japanese, UK and some German automakers will see profits hit due to 10 per cent auto tariff and through their exposure to production and trade disruptions. And, suggesting that we should expect further closures, they added that the news would affect “production strategies in the UK and across Europe”.
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